financial-institutions
BankingWhat Impact Does Proposed U.S. Legislation on Authorized Fraud Liability Have on Banks?
FinanceUkraine War and Global AML Crackdown Put Financial Institutions on the Frontline
BankingThe Grandeur (and Horror?) of a Cashless Society
BankingEconometric Models and Machine Learning Models in the Banking Industry From Regulatory Perspective
3 Strategies Financial Institutions Can Use to Enhance Their Brands
Date: November 10, 2022
By Bryan Dohmen, director of strategy, Hero Digital Modern banking is more than deposits and withdrawals. In decades past, people relied on local community banks for all their needs — from checking accounts to credit cards to small business loans — and stayed with a single institution their entire lives. But in the digital age, financial...
How Comprehensive Network Intelligence Can Improve Cyber Resilience
Date: November 7, 2022
By John Moran Technical Director at Tufin IT infrastructure in financial organisations has grown in both size and complexity in recent years as companies undergo digital transformation. Networks are now more likely to be a blend of different architectures as businesses adopt multi-cloud approaches alongside legacy infrastructure. This shift has helped to establish a more...
Russia’s Sberbank Sues Glencore for $116 Million Over Oil Supplies
Date: November 7, 2022
MOSCOW (Reuters) – Russia’s largest lender, Sberbank, is suing global commodities trader Glencore for around 117 million euros ($116 million) over unpaid oil supplies, the database of Moscow’s Arbitration Court showed on Monday. The database showed Sberbank was seeking to recover debt and penalties from Glencore Energy UK Ltd over two agreements, worth roughly 58...
Quebec’s Elected Officials Must Swear Oath to King Charles to Sit in National Assembly
Date: November 2, 2022
(Reuters) – Quebec National Assembly speaker ruled on Tuesday that all elected members must swear an oath to Britain’s King Charles and not just to the people of Quebec in order to perform their duties in the predominantly French-speaking Canadian province. “As the law currently stands, this oath is not optional,” Speaker Francois Paradis wrote...
France’s Thales Says Hackers Claim to Have Stolen Data
Date: November 2, 2022
PARIS (Reuters) -French defence and technology group Thales said on Tuesday the hacker group LockBit 3.0 claimed to have stolen some of its data and was threatening to publish it. Thales said the extortion and ransomware group had announced plans on the dark web to release the data on Nov. 7. It added that so...
Criminal Minds: Account Opening Fraud Tactics Put to the Test
Date: October 31, 2022
By Raj Dasgupta, Director, Global Advisory, BioCatch The last two years have created a perfect storm for account opening fraud. Many banks and organisations were unprepared to handle an increase in online transactions and the widespread usage of digital services spurred by the pandemic. Criminals exploited the system by falsely applying online for economic relief...