February 3, 2014 - Attention being paid by senior management to money laundering challenges is at an all time high according to findings from a new KPMG International report. Nine in ten of respondents (88 percent) said that AML issues are back at the top of the agenda for senior management rather than being squeezed by competing priorities as has been the case in similar studies over the past ten years (up from 62 percent in 2011).
February 3, 2014 - As retailers increasingly look to mobile as a way to generate revenue, fraud threats are impacting merchants to the tune of $283 for every $100 of actual fraud losses through the mobile channel, according to the LexisNexis® True Cost of Fraud(SM) Mobile Study released today. Conducted by LexisNexis and Javelin Strategy & Research, the study highlights key fraud issues effecting mobile retailers, while also articulating ways to combat retail fraud.
January 31, 2014 - A greater number of banks are embracing the trend towards mobile banking among their customers, according to a new report.
January 31, 2014 - According to a global survey from Kable, 42% of retail banks are set to increase their ICT spending to modernise and automate their business operations.
January 31, 2014 - RSA researchers have uncovered a new point-of-sale malware operation emanating from Eastern Europe that has succeeded in scraping payment card data from small retailers in 11 countries.
January 31, 2014 - Major retailer Target has claimed the recent attack by cyber criminals on its payment terminals was possible after vendor credentials were stolen.
January 30, 2014 - Senior financiers are worried about money laundering with 84% of the 317 anti-money laundering (AML) and compliance professionals questioned in the '2014 KPMG Global AML Survey' last quarter admitting that it is now a major concern in their business risk assessment and 88% commenting it is now top of their firms' boardroom agenda.
January 30, 2014 - EDHEC-Risk Institute welcomes delay of European Parliament vote on the regulation of financial benchmarks and calls for high and uniform standards of transparency to allow investors to make informed decisions and promote integrity, competition and innovation in the indexing industry.
