Risk & Compliance RSS

Daily news, Regulation, Risk & Compliance, safeguarding customer funds, Transact Payments Limited -

Compliance with the FCA’s recent guidance on safeguarding customer funds must be adhered to fully by Non-Bank Institutions(NBIs) – because it’s good for business, and essential to protecting and enhancing... more

The post Compliance with the FCA guidance on safeguarding customer funds is a must appeared first on Payments Cards & Mobile.

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Cyber Security, cybercriminal, Daily news, Fraud, Fraud & Security, Joker’s Stash, POS Malware, POS Terminals, Risk & Compliance, stolen credit cards -

The ecosystem for stolen credit card information comes in several varieties, ranging from low-tier markets selling recycled cards from past breaches, to those at the top tier, with unused card data that... more

The post What fraud teams need to know about Joker’s Stash appeared first on Payments Cards & Mobile.

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Cyber Security, cybercrime ecosystem, Cybercriminals, Daily news, Fraud, Fraud & Security, global cybercrime ecosystem, Risk & Compliance -

Fraud increased 30% overall in Q3 2019 and bot-driven account registration fraud is up 70% as cybercriminals test stolen credentials in advance of the holiday retail season. The Q4 Fraud... more

The post Fraud attacks increase 30% in Q3 as cybercriminals test stolen credentials in advance of holiday retail season appeared first on Payments Cards & Mobile.

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4AMLD, 5AMLD, anti-money-laundering, Cryptocurrency, Cyber Security, Daily news, Fifth Anti-Money Laundering Directive, Fraud & Security, Identity, Regulation, Risk & Compliance -

The 10th of January 2020 marks the date that the banking and payments industry cannot afford to ignore. It is the date the Fifth Anti-Money Laundering Directive (5AMLD) will become... more

The post The Fifth Anti-Money Laundering Directive – Ready or Not? appeared first on Payments Cards & Mobile.

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biometrics, Cyber Security, Daily news, Fraud & Security, GCHQ, Hackers, Identity, National Cyber Security Centre (NCSC), Operation Haulster, passwords, Risk & Compliance -

The National Cyber Security Centre (NCSC), a division of intelligence agency GCHQ, 2019 report revealed that the scheme Operation Haulster automatically flagged details of more than 1 million stolen credit... more

The post Passwords the weakest link as GCHQ prevents over 1 million stolen credit cards appeared first on Payments Cards & Mobile.

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