Cybersecurity

Cybersecurity
AML/KYC’s Data Confidence Crisis
June 20, 2019

The last thing anyone wants to hear from a financial organization is that the people tasked with risk management are feeling less than confident about their ability to do the job — because they aren’t sure if their data is good. If the risk experts...

Cybersecurity
North Korea Dodges Sanctions With Crypto Heists And Cybercrime
June 18, 2019

Kim Jong Un’s regime in North Korea is thought to be relying more and more on cybercrime to gain access to foreign currency, according to a report by The Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Cybersecurity
Nordea Bank Under Investigation For Possible Money Laundering
June 17, 2019

Nordea Bank’s Danish headquarters was raided and searched by the country’s state prosecutor for potential ties to illegal money laundering, according to a report in Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cybersecurity
EU ATM Thefts Raise Europol Red Flags
June 17, 2019

Europol, the European Union police organization, is calling for increased security and vigilance in response to a string of attacks on ATMs throughout the continent, according to a report by the Associated Press. Get the Full Story Complete the form to unlock this article and...

Cybersecurity
7M Venmo Transactions Scraped To Warn Users
June 17, 2019

A computer science student scraped seven million Venmo transactions to warn users that their public activity can still be stolen. Dan Salmon said he scraped the transactions over the course of six months to prove to users that they need to set their Venmo payments...

Cybersecurity
GAO: Post-Equifax, Agencies Must Tighten Online ID Proofing
June 17, 2019

After the massive Equifax data breach, a federal watchdog is warning the government against relying on credit agencies to verify the identifies of individuals using its services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Risk Management
Study: GPS Fail Would Cost Economy $1B A Day
June 16, 2019

In a study of Global Positioning System (GPS) technology, researchers found that loss of the service would have an impact of $1 billion per day per an approximate estimate. The National Institutes of Standards and Technology sponsored the study, which was performed by RTI International...

Cybersecurity
Trump Campaign Used Shell Companies For Ad Buys
June 14, 2019

Truthout is reporting that the Trump 2020 campaign paid shell companies related to ad buyers who are part of a purported unlawful coordination plan with the National Rifle Association (NRA). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Fraud Prevention
Deep Dive: How Account Takeovers Are Affecting The $138B Gaming Industry
June 14, 2019

The $138 billion video game market has become a lightning rod for cybercriminals looking to make a quick buck. Game-related crime such as piracy is as old as the industry itself, but the rising prevalence of online connectivity has opened up a plethora of new...