#RISK Intelligence Archive – Page 150
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NewsIndian online stockbroker Upstox enhances security after suspected data breach
Upstox, India’s second largest stockbroker, has upgraded its security systems after receiving emails claiming unauthorised access into the company’s database.
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NewsScale and complexity of laundering activity in Europe ‘underestimated’ warns Europol
Money laundering in the European Union is more widespread and more complex than previously thought, Europol has said in a detailed analysis of crime threats.
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NewsExtra rules could be agreed to smooth EU-UK data adequacy, suggests European Parliament think tank
Supplementary rules could be agreed to “bridge the gap” between the United Kingdom and European Union’s data protection systems and ensure the continued free flow of personal data, the European Parliament’s in-house think tank has suggested.
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NewsBusiness Update: SafeGuard Cyber Raises $45M In Strategic Growth Financing
Digital risk protection platform secures communications across all third-party social media, collaboration, and mobile chat channels (Press Release)
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NewsUK Covid-19 app update delayed ‘due to Google and Apple privacy concerns’
A new version of a United Kingdom government Covid-19 contact tracing app has been delayed, reportedly after privacy concerns were raised by Apple and Google
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NewsOnline privacy may ‘effectively disappear’ in face of greater tracking, warns US intelligence
Privacy and anonymity may effectively disappear by “choice or government mandate”, according to a US National Intelligence Council report on likely global trends for the next 20 years.
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NewsLarge crypto exchange Gemini signs agreement with Comply Advantage
Gemini , one of the world’s largest cryptocurrency exchanges, has selected ComplyAdvantage’s hyperscale platform for its AI-powered AML risk management.
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NewsIsraeli regtech AML firm ‘considers public listing’ ahead of expected AI boom
Israeli cyber security firm ThetaRay is considering listing on the stock market following an increase in the valuation of regtech companies.
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NewsBelarus advances data protection law
A comprehensive data privacy law in Belarus has moved a step closer following the bill’s second reading in the lower chamber of parliament.
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NewsLinkedIn denies data breach after 500m records reportedly posted for sale
The social media platform LinkedIn has denied it has had a data breach following reports that information from 500m profiles have been posted in a hacker forum.
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VideoDue Diligence in the Age of Digital ID. A Revolution in Anti-Financial Crime?
Knowing and trusting who customers are is the primary responsibility of due diligence.
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VideoTransforming Compliance into Risk Management. A presentation by Michael Rasmussen
Regulators consistently talk about the need for a ‘risk-based approach’ to financial crime, and many organisations have created ‘risk management’ functions to complement, and in some cases replace, legacy compliance functions. This shift is based on a recognition that it is not just what you do, it is how you do it that matters. Financial criminals are agile and reflexive, and those that seek to stop them need to be so in response.
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VideoEffective Financial Crime Risk Management. How do we evidence what we are doing in AFC is actually effective?
We have started to see a shift in the AFC community, as the pressure from regulators for firms to achieve good outcomes in financial crime prevention increases. There is likely to be greater focus on how outcomes are measured and how confident firms are that their controls are effective at tackling financial crime.
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VideoKeynote: ‘Everyone Is Doing Badly’: AML After 30 Years - A Conversation with David Lewis, Executive Secretary of FATF
In 1989, the Group of Seven leading industrialised nations formed the Financial Action Task Force (FATF) to create international standards in Anti-Money Laundering (AML).
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VideoThe Fraud Pandemic Predicting the next wave. A presentation by Onfido.
In the last twelve months, the world has faced two pandemics. In the wake of Covid-19 has come a significant increase in digital fraud. Although much of that fraud has continued via what we now see as ‘traditional’ routes - such as phone, text and email - it has spread into the wider digital spaces of the internet, encouraged by social restrictions that force so many of us to live our lives largely online. But, is this change here to stay? Or will the landscape return to normal as vaccines roll out worldwide.
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VideoKEYNOTE: Hacking the Criminals. A conversation with Chris Hadnagy.
Evolving technology is often described as a key vulnerability in the fight against financial criminality, an argument made eloquently by the boom in cyber fraud during the pandemic. But the problem is not just technology - but the way we, as human beings, use it.
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VideoSpotlight: Modern Slavery. A Conversation with Andrew Wallis OBE, CEO of Unseen
Many of us living in developed economies have liked to believe that slavery is a thing of the past. But we are coming to understand that it remains a very modern reality; one that blights the lives of 40 million men, women and children across the globe and creates criminal profits only rivalled by counterfeit goods and illegal narcotics. Shockingly, human misery is once again one of the biggest of global businesses.
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VideoMaking Compliance Work (NorthRow session)
The demands on compliance functions are increasing, but resources are limited. As the pace of business accelerates and both customer expectations and regulation are rising, the management of compliance and customer due diligence demands fresh thinking. Simply repeating how things have been carried out in the past will ultimately lead to failure.
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VideoThe Risks in Asia’s Fintech Paradise. Can the region grow and fight financial crime?
The Asia-Pacific region is undoubtedly home to some of the fastest growing and most innovative Fintech markets, with rapidly advancing customer adoption rates in developing and developed economies alike.
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WebinarHow you can prevent data loss and maintain compliance in your email system
80% of data exists in unstructured format - in the emails, attachments and documents we work with daily. This opens the door to significant risks, particularly as employees use email to send and receive sensitive information.
