Ontario launch marks the next step for payment experts after successful US expansion. PXP Financial Inc., the US subsidiary of PXP Financial Ltd., an expert in global acquiring, payment, fraud and data analysis services, has today announced its arrival in Canada.
Nowadays, governments worldwide face the challenge of protecting their cyberspace in addition to their physical borders. Online presence creates an additional attack surface that can be used in coordinated attacks, such as Distributed Denial of Service (DDoS) attacks. According to the data presented by the Atlas VPN team, the volume of DDoS attacks per customer aimed at the government sector soared by a whopping 1,881% in 2021 compared to 2020’... more
Cloudian® has announced that Rabobank, a multinational banking and financial services company, has deployed Cloudian object storage as part of its multi-layered protection solution against ransomware attacks.
Near-field communication (NFC) verification technology lets businesses stay compliant with AML/KYC requirements by preventing identity fraud and protecting personal data. As a result, NFC-based ID checks are gaining popularity around the globe. Sumsub, a tech company that fights money laundering and online fraud, has recently added NFC-based checks to its online verification solution in order to enhance quality and security.
- 4 months 1 week ago
- Data Protection
Pandemic pressures inspired company leaders to design a workweek that provides the flexibility to balance work, family and community responsibilities while accommodating aspirations beyond work Commerce protection provider Signifyd announced today that it will advance the future of work by permanently shifting its operation to a four-day workweek after months of trials that proved beneficial to productivity and employee satisfaction.
· More than half (58%) of the British public reported receiving scam attempts at least once per week · Most (67%) expect their bank to foot the bill for successful scams, regardless of the total amount lost · 51% say they would switch banks if they were not reimbursed after falling victim to fraud
Credit card fraud has become one of the most popular ways for criminals to make a quick buck. Credit card identity theft is relatively easy to carry out, and it’s also significantly less risky than traditional types of crimes, which is why it’s the most common type of identity theft in the last quarter. Data extracted and analyzed by Atlas VPN reveals that 97 thousand Americans were the victims of credit card fraud in Q3 2021. This type of... more
New plans from the FCA will ensure a higher standard of consumer protection for users of financial services. Today’s consultation takes on board feedback from and engagement with the industry and consumer groups following initial proposals published in May. It sets out more developed proposals for new rules which will require firms to focus on supporting and empowering their customers to make good financial decision and avoiding foreseeable harm... more
Nearly a Third of Global Businesses Lost Over £1m to Financial Crime in One Year, Says New White Paper
A recent white paper published by Themis and Encompass Corporation, the leading provider of Know Your Customer (KYC) and Anti-Money Laundering (AML) software, revealed new insight into the ‘cost’ of not adhering to financial crime compliance.
Report Provides Additional Insight into Previously Observed Trends
Tradeteq, the leading technology provider for bank asset distribution, together with Commerzbank AG (Commerzbank), AKA Ausfuhrkredit-Gesellschaft mbH (AKA), and Texel Finance Limited (the Texel Group) have announced that following a successful proof of concept phase, Tradeteq Connect, an expansion of the firm’s existing platform to support distributing bank risk resulting from trade products such as letters of credit (LCs) and guarantees, has... more
Research by The DPO Centre reveals that senior leaders in large organisations are less likely to understand the impact of privacy and data protection regulation or engage with it, compared to their counterparts in smaller organisations. Over 400 data protection experts were asked how well senior leaders of their organisation, as well as all other employees, understood and engaged with privacy issues such as accountability, compliance and data... more
Digital Guardian strengthens HelpSystems’ data security portfolio with SaaS and managed service-enabled endpoint, network, and cloud data loss prevention
Chargeback Reversal Rate of Just 10% Could Deal Fatal Blow to Travel Merchants Post-Covid, New Study Finds
Vigilance is critical to counter growing menace of fraud as the sector hangs on a knife-edge, according to industry leaders Chargebacks911 and Airline Information
Heading into the festive season, it is more important than ever to ensure that computer and smartphone users are protected from increases in brute force attacks, instances of banking malware, and cryptocurrency threats.