Free hacking tools ‘help young into cyber-crime’
21st April 2017
Free hacking tools ‘help young into cyber-crime’
Free, easy-to-use hacking tools help many young people slip into a life of cyber-crime, according to a report. The National Crime Agency (NCA) has detailed the “pathways” taken by people who become criminals. Many started by getting involved with game-cheat websites or forums that talked about ways to change… Read More
US: Sen. Shaheen requests cyber security details from Amazon
20th April 2017
US: Sen. Shaheen requests cyber security details from Amazon
U.S. Sen. Jeanne Shaheen (D-N.H.) wants to know what Amazon is doing to protect the millions of retailers selling wares on the ecommerce giant’s site against cyber threats and hackers. In an April 14 letter to Peter Faricy, vice president of Amazon Marketplace, the senator has requested a description of… Read More
U.S. to dismantle global cybercrime network following arrest of Russian kingpin
20th April 2017
U.S. to dismantle global cybercrime network following arrest of Russian kingpin
The U.S. Justice Department announced Monday an “extensive” operation to dismantle the Kelihos Botnet, a global network of tens of thousands of infected computers under the control of a Russian cybercrime kingpin. The action seeks to stop computer programmer Pyotr Yuryevich Levashov from continuing the scheme. Read More
Russia caves in on Bitcoin to open new front on money laundering
11th April 2017
Russia caves in on Bitcoin to open new front on money laundering
Only a year ago Russia’s Finance Ministry was threatening jail time to anyone using digital currencies. In a major U-turn, it’s now edging closer to their acceptance as a legitimate financial instrument to open a new line of attack on money laundering. The authorities hope to recognize bitcoin and other cryptocurrencies… Read More
Three compromising cybersecurity myths
4th April 2017
Three compromising cybersecurity myths
Cybercriminals often possess an air of secrecy that makes us assume they’re smarter than they are. But hackers aren’t necessarily geniuses — it’s just that computer users repeatedly make the same mistakes. Modern business owners share an alarming lack of awareness regarding cybersecurity, which often leads to negligence, which leads… Read More
Technology offers critical solutions to prevent, identify and tackle tax evasion and tax fraud, says OECD – OECD
31st March 2017
Technology offers critical solutions to prevent, identify and tackle tax evasion and tax fraud, says OECD – OECD
Technology Tools to Tackle Tax Evasion and Tax Fraud demonstrates how technology is currently being used by tax administrations in countries worldwide to prevent, identify and tackle tax evasion and tax fraud. These solutions can offer a win-win: better detection of crime, higher revenue recovery, and synergies that can make… Read More
G20 finance chiefs agree on concerted effort to fight financial crime
22nd March 2017
G20 finance chiefs agree on concerted effort to fight financial crime
The agreement follows a number of high profile cyber-attacks on banking systems around the world, which has brought banking security to the top of the agenda. Read More
From buzzworthy to mandatory – AI and machine learning in financial crime and compliance
20th March 2017
From buzzworthy to mandatory – AI and machine learning in financial crime and compliance
How can banks identify white collar crime in an expected, streamlined manner without impeding legitimate transactions? Read More
Employee-vendor relationships are a key financial crime risk
8th March 2017
Employee-vendor relationships are a key financial crime risk
The overwhelming interest in PwC’s Forensics Summit held in Bangkok yesterday shows how seriously Thailand’s top companies are treating the threat of corruption and other financial crimes, said Vorapong Sutanont, PwC Consulting (Thailand) Forensics partner. Read More
US State Dept thinks Africa’s leading mobile money platform is vulnerable to money laundering
6th March 2017
US State Dept thinks Africa’s leading mobile money platform is vulnerable to money laundering
Mobile money providers like M-Pesa have disrupted traditional financial systems in many countries in ways conventional banks could only dream of. Read More
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