Tag: Financial Crime
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FBI’s Most-Wanted Zeus and IcedID Malware Mastermind Pleads Guilty
A Ukrainian national has pleaded guilty in the U.S. to his role in two different malware schemes, Zeus and IcedID, between May 2009 and …
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Managing Financial Crime Risks in Digital Payments
With the help of mechanisms like digital wallets, bankless cards, and secure real-time transactions, Payment Service Providers (PSPs) have …
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North Korea’s Cyber Heist: DPRK Hackers Stole $600 Million in Cryptocurrency in 2023
Threat actors affiliated with the Democratic People’s Republic of Korea (also known as North Korea) have plundered at least $600 million in …
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Four U.S. Nationals Charged in $80 Million Pig Butchering Crypto Scam
Four U.S. nationals have been charged for participating in an illicit scheme that earned them more than $80 million via cryptocurrency …
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Europol: Financial Crime Makes “Billions” and Impacts “Millions”
A perfect storm of digitalization, geopolitical tension and organized crime is helping to drive financial and economic crime to new …
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Cybersecurity’s Crucial Role Amidst Escalating Financial Crime Risks
In an era of escalating financial crimes, the spotlight shines brightly on the rising concerns in the realm of cybersecurity. According to …
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AI a Top Risk and the Preferred Solution to Financial Crime
Generative AI tools are the most effective way to tackle financial crime, but also a number one threat, according to a new survey of …
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Consilient Inc. and Harex InfoTech Partner to Fight Financial Crime in South Korea
Companies bring generative AI-Federated Learning to the forefront to transform business processes and enable dynamic risk …
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UK Regulator Issues Record Fines as Financial Crime Surges
The UK’s financial regulator issued fines of £313m ($374m) in the 2021-22 financial year, a 65% increase on the previous 12 months, as …
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Broker Fined £2m for Financial Crime Control Failings
The UK’s financial regulator has issued a multimillion-pound fine to a London-headquartered stock broker after the latter failed to crack …
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Half of Regulated Firms See Pandemic Spike in Financial Crime
Around half of firms in the financial services, property and legal sectors have reported rising levels of financial crime over the past 12 …
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