23rd September 2019
Dubai: Employees of over 100 exchange houses in the UAE will undergo training to curb financial crimes in the banking sector, following an agreement with Dubai Police and the UAE’s Foreign Exchange and Remittance Group (FERG). Major General Khalil Ebrahim Al Mansouri, assistant commander-in-chief of criminal investigation affairs, Dubai Police… Read More
17th September 2019
A Russian hacker at the center of an alleged scheme to steal financial data on more than 80 million JP Morgan Chase & Co. clients will plead guilty later this month, according to a U.S. court filing. Andrei Tyurin, who was extradited last year from the Republic of Georgia, is… Read More
16th September 2019
The U.S. Treasury on Friday announced sanctions on three North Korean hacking groups it said were involved in the “WannaCry” ransomware attacks and hacking of international banks and customer accounts. It named the groups as Lazarus Group, Bluenoroff, and Andariel and said they were controlled by the RGB, North Korea’s… Read More
11th September 2019
The global anti-money laundering watchdog is closely monitoring developments on Facebook’s planned Libra cryptocurrency, its new head told Reuters on Tuesday, in the latest sign of growing regulatory scrutiny of the project. The Facebook-led Libra project is mooted for launch by June next year. Regulators’ and politicians’ concerns range from… Read More
11th September 2019
The US Department of Justice announced Tuesday that 281 people were arrested in a global crackdown on wire transfer scams. Over a four-month period, “Operation reWired” was aimed at stopping so-called business email compromise (BEC) schemes, which are “designed to intercept and hijack wire transfers from businesses and individuals,” the Justice Department said. The… Read More
3rd September 2019
The European Central Bank’s key legal official Yves Mersch described Facebook Inc.’s plan for its Libra digital currency as “beguiling but treacherous,” in a defense of money issued by institutions such as his. In a speech at the ECB’s legal conference in Frankfurt on Monday, Mersch argued that private… Read More
26th August 2019
The chair of the U.S. House Financial Services Committee said on Sunday she remained concerned about Facebook’s plans for a digital currency after meeting the government officials in Switzerland that Facebook has said will regulate it. “While I appreciate the time that the Swiss government officials took to meet with… Read More
23rd August 2019
AP—The relationship between a Japanese woman and a U.S. Army captain stationed in Syria started online, through an international social network for digital pen pals. It grew into an internet romance over 10 months of daily emails. It ended with the woman $200,000 poorer and on the verge… Read More
16th August 2019
The European Central Bank, which supervises data protection at Europe’s largest banks, said Thursday that it temporarily shut down one of its websites after it was hacked and injected with a malicious software. The site, called BIRD, which provides the banking industry with information on how to produce statistical and… Read More
15th August 2019
AP — U.N. experts say they are investigating at least 35 instances in 17 countries of North Koreans using cyberattacks to illegally raise money for weapons of mass destruction programs — and they are calling for sanctions against ships providing gasoline and diesel to the country. Last week, The Associated… Read More