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NewsManual processes in financial sector push up fraud risk
Inefficiencies in financial departments across the UK and US are slowing down business, new research finds, with four-in-five finance leaders admitting that their accounts payable (AP) function is not fit to enable continued growth.
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British Police to hold investigation into Okta hackers following arrests
British police have detained seven individuals in the wake of a hacking campaign conducted by the Lapsus$ cyber group known for hitting big companies such as Microsoft and Okta, City of London Police have announced.
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Cyber criminals using underground economies to hit businesses
A new study has shed light on a growing collaborative force among cyber criminals that is leading to increasing online attacks against small-to-medium-sized enterprises (SMEs)
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Financial crimes see former Nicaragua presidential candidate held for eight years
Nicaraguan politician Cristiana Chamorro was sentenced to eight years detention earlier this week for her involvement in financial crimes.
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Investments in technology and talent crucial for digital transformation
Businesses must invest more in technology to facilitate digital work, but greater emphasis on landing the best hires is also vital as boards drive for greater efficiency in the digital-first marketplace.
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State railway network in Italy may have been victim of Russian cyberattack
The Italian railway company, Ferrovie dello Stato Italiane (FS) has announced the potential occurrence of a cyberattack following the temporary failure of some ticket sales services earlier this week.
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US companies report a surge in suspicious loan applications
Levels of attempted vehicle loan fraud skyrocketed through 2021, a trend that experts fear may continue throughout this year.
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Worker behaviours in finance threaten industry cybersecurity
The pandemic has forced digital transformation like never before, making the balancing act between security and employee experience more important than ever.
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Russia hits back over US accusations of cyberattack potential
Moscow has refuted US claims that Russia may be readying itself to unleash a major cyberattack campaign in response to sanctions imposed by Western allies, stating that Russia does not engage in bandit behaviour.
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US Departments of Treasury and Justice launch oligarch whistleblower programme
The US Department of Treasury’s Financial Crimes Enforcement Network has created a new whistleblower programme that will pay more than $5 million to any whistleblower with original information that helps them seize assets of Russian elites seeking to evade US sanctions.
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Cyberattack increase risks overwhelming workloads, security experts say
Rising instances of cyberattack are causing spiralling risk to digital infrastructures and remote workers.
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US government issues warning over “preparatory” cyberattacks from Russia
A senior official at the White House has said that enterprises in the US that offer critical infrastructure solutions should move to bolster their cybersecurity defences in light of developing Russian web-based threats.
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ESG prioritised as businesses reshuffle for greener future
A new survey has found that business decision-makers feel that at least half of the data their company uses each day should be invested into ESG (environmental, social, and governance) efforts within the community the company serves.
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P&O shocks UK public with redundancies, but is it bad ESG?
DP World subsidiary, P&O, has shocked the UK public with unexpected large-scale redundancies; it is an incredibly unpopular move, but is it bad ESG?
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New US bill aims to reduce Russian use of cryptocurrency
Democratic senators in the United States have brought in a new bill to allow the US president to restrict overseas cryptocurrency companies in their dealings with sanctioned Russian organisations.
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New US think-tank in drive for more open and honest ESG reports
A new policy institute is advocating the creation of unbiased, transparent corporate governance reports in a bid to improve the effectiveness of environmental, social, governance (ESG) programmes.
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Russia takes action in response to mounting cyberattack pressure
The Russian government is suffering under an on-going hacking campaign of unprecedented proportions, says Russia’s news agency, the TASS.
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German users of Russia’s Kaspersky anti-virus software issued hack warning
Users of Kaspersky Lab in Germany have been issued with warnings about the technology’s safety by Germany’s cyber security agency, the BSI, which says the Moscow-based antivirus software may be at serious risk of cyberattack.
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ESG benefits missed by diverse-owned small businesses without certification
A new survey has revealed that over two thirds (67%) of small businesses are run by underrepresented groups, almost half of which are missing out on major ESG-related benefits by not being officially certified as diverse-owned.
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Israeli official websites targeted by cyberattack, government says
The Israeli government has said that its websites have been targeted by online hackers.
