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Top Reasons to Promptly Upgrade Your AML Software

Abrigo

Key Takeaways You should always update your software to the latest version as soon as it's available. If you or your IT department are having issues keeping up with software updates, consider a hosted solution. How does this smart phone analogy translate to your AML software solutions? Learn more. Enhanced Functionality.

Software 195
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Hackers Employed By China Infiltrate Norwegian Software Company Visma

PYMNTS

Hackers employed by the Chinese government were able to get into the network of Visma, a Norwegian software company, to steal client secrets. Visma, the business software maker that has more than 900,000 corporate companies in Scandinavia and parts of Europe, said the attack was detected shortly after the hackers got into Visma’s systems.

Software 123
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Australia, New Zealand Take A Hard BEC Scam Hit

PYMNTS

While the business email compromise (BEC) scam is a global pain point for businesses, this week's B2B Data Digest looks at the latest figures in B2B payments fraud and finds BEC heating up in one particular region: Australia and New Zealand. This unfortunately makes it an easy target for cyber attackers who are looking to make a quick buck."

Fraud 177
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State-Backed Hackers Playing On COVID-19 Fears, US And UK Warn

PYMNTS

The amount of fraud , scams and misinformation amid the coronavirus pandemic has spread widely in the past month. The Wall Street Journal reported that mentions of the coronavirus in emails with malware or other hacking software has jumped recently. As the coronavirus pandemic continues to roil the U.S. and the U.K.,

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British Parliament Hit By Laser-Focused Cyber Attack

PYMNTS

In today’s fast-paced, tech-savvy society, it’s not enough to install a antivirus software on any connected device and expect to never be under cyber attack. This past Saturday (June 24) British Parliament was one such entity that fell victim to a cyber attack.

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Two Cyber Security Investments With a Silver Lining

Banking 2020

Financial institutions have the opportunity to make security investments that also increase their ROI. Here are two such security investments: Keystroke Encryption Software. Keylogging spyware can be embedded in emails, videos and music files, software downloads and even legitimate websites. Total Identity Monitoring.

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Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

Perficient

fraud detection and financial crime monitoring). It involves using software to analyze both structured and unstructured data (i.e., email, text, audio data), with the aim of identifying fraud or anomalous transactions. The challenge is to ensure that the software being developed is not coded with biases. Risk Management.