Financial Crime Compliance | Training | Advisory
Eleven years on from the creation of Bitcoin and cryptocurrency security is still a genuine struggle. Crypto security firm Slowmist keeps an ongoing log of blockchain, exchange, and wallet hacks. So far, the company estimates that blockchain hackers have lifted a cool $13 billion in 319 separate events. And hacking is big business. Far from…
Financial crime as a wider category of cybercrime continues to be one of the most potent of online threats, covering nefarious actives as diverse as fraud, money laundering and funding terrorism. Today, one of the startups that has been building data intelligence solutions to help combat that is announcing a fundraise to continue fueling its…
A MONTH after police warned the public to be wary of a growing trend of pyramid schemes in TT – also called “sou sou” schemes – nine people including a member of the defence force were held and a large quantity of cash seized by police after a raid at a house in La Horquetta…
KUALA LUMPUR: CIMB Group Holdings Bhd, one of the banks reportedly mentioned in a leaked document of the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN), said it is diligent in filing Suspicious Activity Reports when appropriate and adheres to a robust due diligence process in a secured and controlled environment.“CIMB Group takes its role…
The Economic and Financial Crimes Commission, EFCC, Gombe Zonal Office is interrogating one Eze Mavus Ugochukwu, a student of Computer Science, Bauchi State Polytechnic, who defrauds unsuspecting members of the public by posing as a Lieutenant in the Nigerian Army. Ugochukwu, an indigene of Nsukka Local Government Area of Enugu State was arrested by…
Summary List Placement Thousands of leaked documents shared with hundreds of journalists reveal how some of the world’s biggest banks have for years facilitated the movement of dirty money. The documents are part of a collection of files that belongs to the Financial Crimes Enforcement Network, an agency operating under the Treasury Department to detect…
As we push through the final two months of this presidential race, Microsoft says it has found hundreds of new cyber attacks targeting both presidential campaigns. Elizabeth Neumann, who served as DHS Assistant Secretary for Threat Prevention and Security
The Trump administration’s latest Space Policy Directive, SPD-5, details policies the government believes the country’s public and private space agencies should adopt to protect their systems from hacking threats. Some of the best practices the docum…
Three little words: Patches, passwords, policies The continued inability of organizations to patch security vulnerabilities in a timely manner, combined with guessable passwords and the spread of automated hacking tools, is making it pretty easy for miscreants, professionals, and thrill-seekers to break into corporate networks.…
In 1954, Kevin Green got his Social Security card and started picking cotton for $3 per hundred pounds in a tiny agricultural town in California’s Central Valley. He was five years old. One of seven children, he used the money to buy school supplies. He kept working—and paying into the Social Security system—through high school,…
