PrivSec Job Focus: Claire Hatcher, Global Head of Business Development for Fraud Prevention, Kaspersky
Claire Hatcher talks about the importance of cross-industry collaboration when tackling cyber fraud
FinCrime Job Focus: Francesa Dowling, Head of Compliance, Amaiz
In our latest reader Q&A, Francesa Dowling argues that compliance should never be seen as a tick-box exercise
Two charged with bribery and laundering over plan that ‘generated $65m in profit’ through Ecuador pension scheme
Two men have been charged in the United States for their role in a bribery and laundering scheme to make illegal profits from a public police pension scheme (ISSPOL) in Ecuador
Making the most of multi-cloud Backup as a Service: Nine things to consider
Ask anyone how much they love backup and you get the same response. Laughter. It doesn’t have to be like that, especially if you’re looking for the right solution to handle your on-premises and public cloud IT environments.
Business Update: “We’ve proven that privacy is a powerful enabler” - Identiq raises $47M in Series A funding
The world’s first anonymous identity validation network announce series A funding to accelerate its network growth, poising them to to become the world’s largest identity validation network. (press release)
Insight on the ACC Chief Legal Officers Report
The 2021 Chief Legal Officers Survey, undertaken by ACC in partnership with Exterro, builds on responses from 947 CLOs at organisations spanning 21 industries and 44 countries, making it one of the largest and most comprehensive surveys of its kind.
The attacks on DeFi as a money laundering threat don’t stand up
Recent research has described Decentralised Finance (DeFI) as the “next major threat vector for money laundering.” Ben Whitby, ahead of his appearance at the FinCrime World Forum later this month, argues this accusation does not reflect reality.
Singapore sets up programme to combat supply-chain cyber risk
The government in Singapore is to set up a programme to help organisations who run the city state’s critical information infrastructure (CII) to better manage their supply chain’s cyber-security risks
Microsoft links attacks on Exchange Server to China
Microsoft says it has detected multiple zero-day attacks against on-premise versions of Microsoft Exchange Server.
Business Update: Arcserve unveils Unified Data Protection 8.0
”Organizations are looking for comprehensive solutions that address both data protection and data security holistically” - Arcserve Unified Data Protection 8.0 does just that. (press release)
‘Overstretched’ FinCEN needs technological innovation and more funding, says think tank
The Financial Crimes Enforcement Network (FINCEN) in the United States needs more funding and a ‘Manhattan Project’ to develop new technologies in order to be more effective against money laundering, a think tank has said.
FATF executive secretary calls for end to AML ‘box-ticking’ culture
The executive secretary of the Financial Action Task Force has said there is a need to ensure Anti Money Laundering (AML) professionals “stop just ticking boxes”
Business Update: IDnow acquires identity Trust Management AG
IDnow announces acquisition of a leading international provider of digital and offline identification solutions from Germany, identy Trust Management AG to create a differentiated identity verification platform. (press release)
China-linked cyber group ‘targeted Indian power sector’
An investigation by US cyber-security company Recorded Future has found a cyber-campaign by RedEcho, a threat activity group with links to China, targeted the Indian power sector.
EBA updates guidelines on AML/CTF risk factors
The European Banking Authority has published revised detailed guidance on Anti Money Laundering (AML) and Counter-Terrorism Financing (CTF) risk factors.