As financial organizations deploy artificial intelligence and machine learning in the fight against money-laundering fraud, tips are offered to help separate fact from market hype when reviewing new data analytics tools.
Download this whitepaper about analytics and the anti-money laundering paradigm shift that...
There are more than 10,000 rules and regulations that impact electronic communications today. Compliance is tasked with creating and maintaining a "culture of compliance" in a complex and rapidly shifting regulatory environment while firms seek to leverage social media to increase engagement with employees, partners...
Regulated industries such as financial, healthcare, pharmaceutical, and insurance organizations are under pressure to advance their business by using social media. But how will the regulatory guidelines for social media communications set forth by FINRA, the SEC, FFIEC, and the FDA impact these activities?
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As financial organizations deploy artificial intelligence and machine learning in the fight against money-laundering fraud, David Stewart of SAS offer tips to help separate fact from market hype when reviewing new data analytics tools.
These emerging technologies and solutions certainly are not unique to financial...
As financial organizations deploy artificial intelligence and machine learning in the fight against money-laundering fraud, David Stewart of SAS offer tips to help separate fact from market hype when reviewing new data analytics tools.
Police in Greece arrested Russian national Alexander Vinnik, who was indicted by a U.S. federal grand jury for allegedly running the BTC-e bitcoin exchange and helping to launder $4 billion in cryptocurrency tied to criminal enterprises, including the hack of the Mt. Gox bitcoin exchange.
Banks that cannot evolve their fraud detection capabilities to effectively address two seemingly opposing requirements - building trust through strong cybersecurity programs and delivering a seamless customer experience - will fail to build new market share, and will lose market share to those banks that...
As financial institutions seek to capture new opportunities through online banking, it becomes increasingly critical to both provide a seamless user experience and help protect against online fraud. But fraudsters continue to successfully modify their attack methods to keep pace with this transformation, stealing...
Banks often view innovation as coming at the cost of security. Instead, security can be an enabler to the digital transformation - helping banks welcome customers in and keep fraudulent activity out so they can pursue new growth opportunities, improve the customer experience, and build customer loyalty.
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As the global threat landscape shifts, so does Kaspersky Lab. Moving from its traditional cybersecurity focus, Kaspersky now is honing in on fraud prevention. Emma Mohan-Satta describes this shift and what it means for security and anti-fraud leaders.
Banks that collectively own SWIFT saw their profits vanish last year as the organization increased its investments in information security, even as the interbank messaging service handled record volumes of money-moving messages.
Any organization that deals with credit card information must secure payment card data in accordance with PCI standards.
Merchants and service providers are required to validate compliance by assessing their environment against 12 major control categories applicable to applications and data in the data center and the...
Western Union will pay $586 million to settle U.S. civil and criminal cases that alleged the company turned a blind eye for years to criminals who used its money transfer network to commit fraud.
Memo to would-be cybercriminals: Want to move stolen funds internationally to bank accounts that you control? Need to route the funds to a few money mules to get it laundered? Don't do it from a system tied to an IP address registered to your home.
The financial sector continues to be a prime target for highly sophisticated, customized attacks. The SWIFT money transfer system recently came under attack resulting in an $81 million heist of the Bangladesh Bank. This number pales in comparison to an estimated $1 billion stolen from over 100 banks worldwide by the...
