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Cybersecurity costs: Sopra Steria could pay €50 million for Ryuk attack
Sopra Steria, a supplier to the UK’s NHS, has admitted a ransomware attack on its systems last month is likely to cost the company between €40 million ($48 million) and... more
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Cyber crime costs rising: Internal failures most common cause of claims for companies
External attacks on companies result in the most expensive cyber crime insurance losses, but it is employee mistakes and technical problems that are the most frequent generator of claims by... more
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Why their is a dark side to the expansion of FinTech borrowing
The FinTech boom of the last 10 years has widely been regarded as a benefit to society and has changed the banking industry as we know it, but some customers... more
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European banks raise internal concerns over COVID-19 related insider threat fraud
Europe’s banks and cybersecurity experts are warning of a growing challenge due to insider threat fraud, warning of the high costs associated for organizations that fall victim to this form... more
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AML: Taking compliance from expensive and ineffective to affordable, accessible and reliable
A leak from the US treasury department’s Financial Crimes Enforcement Network (FinCen) in September showed that even the biggest, most globally respected banks appeared to be allowing money laundering to... more
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