29th May 2018
Bank of Montreal (BMO.TO) and Canadian Imperial Bank of Commerce (CM.TO) said on Monday that cyber attackers may have stolen the data of nearly 90,000 customers in what appeared to be the first significant assault on financial institutions in the country. Bank of Montreal (BMO.TO), Canada’s fourth biggest lender, said… Read More
25th May 2018
Criminals have stolen about $1.2 billion (0.9 billion pounds) in cryptocurrencies since the beginning of 2017, as bitcoin’s popularity and the emergence of more than 1,500 digital tokens have put the spotlight on the unregulated sector, according to estimates from the Anti-Phishing Working Group released on Thursday. The estimates were… Read More
17th May 2018
Mexico’s central bank said on Wednesday a cyber attack that has affected a payments system in the country had hit a total of five companies and that an estimated 300 million pesos ($15.33 million) of irregular transactions had been detected so far. Bank of Mexico Governor Alejandro Diaz de Leon… Read More
15th May 2018
The Dutch government said on Monday it had decided to phase out the use of anti-virus software made by Kaspersky Labs “as a precautionary measure” and was advising companies involved in safeguarding vital services to do the same. In a letter to parliament, Justice Minister Ferdinand Grapperhaus said the decision… Read More
3rd May 2018
Spanish police have arrested 11 individuals suspected of being part of a criminal network that laundered millions for drug dealers using cryptocurrencies, credit cards and over a hundred bank accounts. The Spanish-based group was approached by drug dealers to help them launder their illicit cash, authorities say. Read More
2nd May 2018
Germany’s financial watchdog BaFin has published a statement outlining the way cryptocurrencies such as bitcoin and related investments should be classified. “For some time now, BaFin has been receiving an increasing number of queries enquiring whether tokens and virtual currencies (referred to as ”tokens“) marketed to investors in initial coin… Read More
27th April 2018
Britain remains aware that while blockchain technology presents numerous useful applications, it also has potential risks to consumers and competition, a financial regulatory official said. Cryptocurrencies have evolved from being a medium for exchange to being seen as an asset class, said Mary Starks, Director of Competition, at the… Read More
19th April 2018
Criminals are continuing to enjoy huge success despite efforts to prevent identity fraud, adapting to net 1.3 million more victims, with the amount stolen rising to $16.8 billion, according to the Javelin Strategy & Research’s 2018 Identity Fraud Survey. Online shopping presents the greatest fraud opportunity and fraudsters are getting… Read More
12th April 2018
The crime boss of a gang targeting over 100 financial institutions worldwide and costing the financial industry an estimated EUR 1 billion in cumulative losses, has been arrested, say authorities. The criminal profits were also laundered via cryptocurrencies, Europol said, using prepaid cards linked to the cryptocurrency wallets which were… Read More
8th April 2018
Regulated activities in relation to derivatives that reference either cryptocurrencies or tokens issued through an initial coin offering (ICO), will likely require authorisation by the Financial Conduct Authority (FCA), the regulator announced on Friday. Although cryptocurrencies are not currently regulated by the FCA – provided they are not part of… Read More