UK: Banks must do more to improve response to scams, says watchdog
16th December 2016
UK: Banks must do more to improve response to scams, says watchdog
Payment Systems Regulator says banks should cooperate better when customers are tricked into cash transfers by fraudsters Read More
UK failing to keep up with online consumer fraud, NAO warns
15th December 2016
UK failing to keep up with online consumer fraud, NAO warns
National Audit Office estimates shoppers lost £14.8bn last year and says protection systems do not provide value for money Read More
Criminal Finances Bill 2016 – what you need to know
14th December 2016
Criminal Finances Bill 2016 – what you need to know
Professor Nicholas Ryder discusses the provisions and limitations of the UK government’s Criminal Finances Bill (currently at committee stage in the Commons). Nicholas is Professor of Financial Crime at the University of the West of England and is a regular contributor to KYC360. He is the founder and series editor of Routledge’s… Read More
UK: Tesco Bank debit cards risked cyber crime, warn rivals
12th December 2016
UK: Tesco Bank debit cards risked cyber crime, warn rivals
FCA is checking if other banks also used sequential numbers Read More
Tougher crowdfunding rules proposed by FCA
9th December 2016
Tougher crowdfunding rules proposed by FCA
Tougher rules are needed to protect investors in crowdfunding platforms, the Financial Conduct Authority (FCA) has said. It said it was too difficult to assess the risks and returns of investments, and suggested applying “mortgage-lending standards” to loan-based platforms. Read More
UK: Burglary at Charter Savings Bank leaves 25,000 people at risk of fraud
6th December 2016
UK: Burglary at Charter Savings Bank leaves 25,000 people at risk of fraud
A bank break-in has left 25,000 customers at risk of fraud after thieves stole computers containing people’s financial details. Read More
‘Avalanche’ global fraud ring dismantled
2nd December 2016
‘Avalanche’ global fraud ring dismantled
Federal investigators in the United States, United Kingdom and Europe today say they’ve dismantled a sprawling cybercrime machine known as “Avalanche”. Read More
UK: Tesco Bank cyber attack involved guesswork, study claims
2nd December 2016
UK: Tesco Bank cyber attack involved guesswork, study claims
Academics say working out card number, expiry date and security code of Visa card takes ‘as little as six seconds’. Read More
How machine learning can stop terrorists from money laundering
1st December 2016
How machine learning can stop terrorists from money laundering
ISIS, among others, are using complex schemes to clean up funds - and it's up to us to find solutions to the problem. Read More
Hackers crack Liechtenstein banks, demand ransoms
29th November 2016
Hackers crack Liechtenstein banks, demand ransoms
Hackers have days ago breached a Liechtenstein bank and are allegedly blackmailing customers by threatening to release their account data if ransoms are not paid. Read More
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