The Canadian government was forced to pull the plug on its website for filing federal taxes after it became clear that cybercriminals had broken into the statistics bureau last week. The hack was reportedly made possible by a newly-disclosed bug in the software. Get the Full Story...
As banks and payments companies endeavor to meet anti-money laundering (AML) regulations to avoid hefty fines for non-compliance, easily identifying customers in the digital channel becomes paramount to their success. Some “old school” methods that worked in the past aren’t working anymore. Sarah Clark, GM...
The FBI announced the most expensive bounty ever for a cybercriminal to help catch Evgeniy M. Bogachev, who was indicted in the U.S. for allegedly stealing hundreds of millions of dollars from bank around the world using a network of virus-infected computers. Get the Full...
Emailage, the email risk assessment company, has found that during 2016 $1 billion in fraud was stopped by using technology and a syndicated network of global merchants. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The U.K. government’s £6 billion ($7.3 billion) terrorism reinsurance fund — set up to assist insurers paying out claims on property damage and business interruption — would like to extend its coverage to include cyberattacks on property. Get the Full Story Complete the form to...
The Securities and Exchange Commission announced Friday (March 11) that it has lodged charges against two ex-executives at a credit card processing company for masterminding a scheme to steal millions of dollars through fake expense reimbursements, invoices that were inflated and other improper accounting tactics. Get the...
With an ever-growing amount of data created on a daily basis, the cost of upkeep on risk and regulatory compliance likely isn’t the cheapest line item for businesses. The time and energy spent on ensuring outside vendors are safe takes away time that could be spent...
If there’s one thing that can be counted on to happen every year around tax season — besides the ongoing tax preparation service commercials — it’s fraud. Whether it’s selling W2 forms online or sending malicious emails that look like they are from the IRS,...
Applying for financial aid just got a little bit harder for families looking to get a bit of help sending someone to college next fall. As of yesterday, the U.S. Department of Education and IRS jointly announced the suspension of a data retrieval tool that,...
