542 Results from /crime
John Bertrand MD at Tec 8 Limited
‘Twas in another lifetime, one of toil and blood and online fraud When blackness was a virtue the road was full of mud I came in from the wilderness, a creature void of form Come in, she said I'll give ya shelter from the scamming storm Bob Dylan, with thanks, Deposit fraud occurs when money in the form of electronic or paper payment is put into a ...
25 August 2021 /payments /crime Trends in Financial Services
Konstantin Rabin Head of Marketing at Kontomatik
Online scammers used fraudulent SMS about Covid-19 vaccinations, lockout penalties, and missing delivery deliveries to defraud UK customers out of a record £479 million last year. According to data provided by UK Finance, the banking industry organization, there was a 5% yearly increase in money lost to “authorized fraud,” which occurs when clients...
19 August 2021 /regulation /crime
Police have been authorised to employ 20,000 to assist in combating of crime. One of their first targets is domestic burglary, which we can agree is a horrible crime causing financial and emotional deep distress. Last year there were 268,000 victims of domestic burglary in England and Wales, and part of the 19% decline in total crime excluding fra...
09 August 2021 /payments /crime Banking Strategy, Digital and Transformation
Andreas Hobbelin Head of AML & FCP at ZTL PAYMENT SOLUTION
A couple of years ago I was walking over Stureplan in Stockholm when I heard somebody yelling my name, I turned around and there was the little brother to one of my former childhood school friends who came to Sweden as a refugee in the 90s. He was tall, big and actually looked like a real crime figure. I couldn’t pretend that I didn’t recognize him...
06 August 2021 /regulation /crime RegTech
Retired Member
Ransomware on the rise: What are the risks? As financial technology becomes increasingly sophisticated and ubiquitous, so too do the risks of cybercrime. Financial institutions are prime targets for a litany of attacks including ransomware due to the vast quantities of critical value data (CVD) relating to its customers and employees. Ransomware ...
06 August 2021 /security /crime Information Security
Ali El Kaafarani CEO & Founder at PQShield
Quantum computing is proving to be enormously exciting for financial institutions. Already, Goldman Sachs and Deutsche Börse are exploring quantum algorithms to calculate risk model simulations 1,000 times faster than currently possible, while BBVA is looking to quantum to optimise investment portfolio management. But a more sinister aspect to...
05 August 2021 /security /crime
Gabe McGloin Head of Business Development EMEA at Verifi at Verifi Inc
Everyone wants the transaction to happen Online payments are evolving toward ensuring every card-not-present (CNP) transaction is a dependable, secure, and seamless experience for the customer. And rightly so, as e-commerce retail sales rose by over 32% in 2020.1 Just to authorise and authenticate a cardholder’s purchase requires data retrieval fr...
28 July 2021 /payments /crime Payments strategies 2015-2020-2030
In today’s world, where a bunch of transactions are made online with just one click, there are high risks of being involved in scams. Although it is true that a lot of companies ensure the security of your transactions, there are always chances of losing your funds easily. In order to discuss these things in more detail, let’s first define some th...
27 July 2021 /regulation /crime
The digitisation of commerce has escalated the need for card-not-present (CNP) businesses to bring proactive customer communication to the fore. From digital receipts to high-tech AI chatbots, sellers have more options than ever to interact with customers. Not only will embracing these efforts heighten transparency, but also improve customer servi...
22 July 2021 /payments /crime The Payments Business
Amanda Mickleburgh Director Product - Merchant Fraud at ACI Worldwide
The success of Amazon’s recent Prime Day - this year over 250 million items were sold worldwide - typically results in many other merchants promoting similar sales events. With many merchants hoping the marketing strategy works out for the best. Unfortunately, this presents a multitude of challenges. Not just the need to prepare well in advance fo...
19 July 2021 /payments /crime Exposing Financial Crime
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