Tagged: cybercrime

September 21, 2020 @ 11:49 pm By Omar Faridi  |  

Ajit Doval, the National Security Adviser (NSA) to the Prime Minister of India, recently warned that financial crime and fraudulent activities have increased significantly and could continue to rise, because more consumers are conducting transactions online following the COVID-19 outbreak. Doval said that the country… Read More

September 9, 2020 @ 7:48 pm By Omar Faridi  |  

NGRAVE, a digital asset security company that claims it has developed the world’s most secure cryptocurrency hardware wallet, reveals that hackers regularly use automated scripts (malicious computer code) that allow them to attack computer systems every 39 seconds (on average 2,244 times per day). The… Read More

July 25, 2020 @ 2:53 pm By Omar Faridi  |  

The World Economic Forum (WEF) Fintech Cybersecurity Consortium was established in 2018. It aims to help protect the global financial ecosystem, which now includes large organizations with “high levels of cybersecurity maturity” and fast-growing Fintech firms that are offering emerging technologies such as AI, Big… Read More

July 20, 2020 @ 10:27 pm By Omar Faridi  |  

The State of Bank of India (SBI) has again cautioned against the increasing number of fraudulent activities targeting unsuspecting bank account holders. The SBI is a multinational, public sector banking and financial services statutory body that’s headquartered in Mumbai, Maharashtra. Last year, it was ranked… Read More

July 6, 2020 @ 7:47 am By Omar Faridi  |  

The use of stolen and synthetic identities to carry out fraudulent activities increased significantly in 2019, and the COVID-19 crisis might be making the problem even worse, according to a recently published  Identity Fraud Report from Javelin Strategy & Research. Financial losses due to identity… Read More

June 13, 2020 @ 10:39 am By Omar Faridi  |  

The US Federal Bureau of Investigations (FBI) has warned that there could be an increase in financial crime due to the rise of digital banking. The warning is a reminder from the FBI that mobile banking providers and financial institutions must protect their clients from… Read More

April 13, 2019 @ 10:15 am By Cali Haan  |  

Two of three Romanian cybercriminals who targeted American citizens and businesses from abroad in elaborate cybercrime schemes initiated in 2007 have been convicted in Ohio. Bogdan Nicolescu, 36, and Radu Miclaus, 37, will be sentenced August 14th after being found guilty of 21 counts of… Read More

October 21, 2018 @ 11:00 pm By JD Alois  |  

Group-IB, a company that provides computer forensics and cybersecurity services large international companies, published a report last week the put a number to the frequent cryptocurrency exchange hacks that seem to happen on a weekly basis.  According to Group-IB, attacks during 2017 and through Q3… Read More

August 16, 2018 @ 4:54 pm By Cali Haan  |  

IT directors at 750 companies with 250 or more employees in the UK are reporting a steady increase in attempted “crypto-jacking” attacks on enterprise computer systems, with 30% of all companies reporting attacks in May, the month the survey was conducted. The findings were determined… Read More

July 30, 2018 @ 2:20 pm By Samantha Hurst  |  

Fiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology solutions, announced on Monday it has formed a strategic partnership with  BlueVoyant, a next-generation cybersecurity company, to deliver a comprehensive managed security platform that specifically addresses the unique needs of financial institutions – from threat detection, response… Read More

July 3, 2018 @ 3:00 pm By JD Alois  |  

ThetaRay, an AI and big data analytics in the cyber crime prevention space, has closed on a funding round of $30 million. The round was said to be “significantly oversubscribed” with investors like Jerusalem Venture Partners (JVP), GE, Bank Hapoalim, SVB Investments, OurCrowd,  and others joining… Read More

May 24, 2018 @ 8:47 am By JD Alois  |  

Christopher Woolard, Executive Director of Strategy and Competition at the Financial Conduct Authority (FCA), delivered a speech today on the hot topic of cybersecurity, crime and financial services. Delivered at a “TechSprint” in London, Woolard said it was time to bring regulators and tech specialists… Read More

May 4, 2018 @ 11:48 am By Cali Haan  |  

In what is being lauded as Scotland Yard’s first successful prosecution of cybercrime, a British hacker has been convicted of multiple charges related to the theft of millions of people’s personal data. Grant West, 26, was arrested in the first class section of a passenger… Read More

October 27, 2017 @ 4:28 pm By JD Alois  |  

“Cybercrime as a Service” is a Growing Problem In the UK, HM Treasury and the Home Office have published a report on money laundering and terrorist financing. As one of the largest economies in the world that is based on global trade and quite open… Read More