Risk & Compliance RSS

Cyber Security, Cybercriminals, Daily news, data breach, Equifax, Fraud & Security, Risk & Compliance -

Equifax’s failure to patch a known web application security flaw—that later proved to be the root cause of the its massive data breach in 2017—is $1.38 billion. Equifax has agreed... more

The post Equifax data breach settlement set at $1.38 billion appeared first on Payments Cards & Mobile.

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AML (Anti Money Laundering), AML fines, Cyber Security, Daily news, Fraud & Security, Processing & Systems, Regulation, Risk & Compliance -

Since 2015, annual AML (Anti Money Laundering) penalty figures have been steadily rising each year. Multi-million dollar fines have been commonplace for a while, but we are now seeing more... more

The post $8.14 billion of AML fines handed out in 2019 – USA and UK top the list appeared first on Payments Cards & Mobile.

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Daily news, E-Commerce, E-Money, GDPR, General Data Protection Regulation, Regulation, Risk & Compliance -

A new academic study by GroundAI into online consent management platforms has concluded many of them are ignoring the EU’s GDPR rules. The study was conducted by a consortium of... more

The post GDPR: Dark patterns emerge in consumer consent on the internet appeared first on Payments Cards & Mobile.

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5AMLD, Daily news, Fifth Money Laundering Directive, Fraud & Security, Regulation, Risk & Compliance -

Firms need to take action now as new Fifth Money Laundering Directive rules aimed at tackling money-laundering came into force today (Friday 10 January). These place increased importance on the... more

The post New Fifth Money Laundering Directive rules come into force appeared first on Payments Cards & Mobile.

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cyber attack, Cyber Security, Cybersecurity, Daily news, Fraud & Security, ransomware, ransomware gangs, Risk & Compliance, Travelex attack -

The cyber attack on foreign exchange provider Travelex demonstrates the growing threat of ransomware and is a warning that financial services firms need to step up their security, according to... more

The post Firms warned over rise of ‘ransomware gangs’ after Travelex attack appeared first on Payments Cards & Mobile.

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