News
Cybercrime is low risk, low investment, and high return. Not surprisingly, illegal financial gain is one of the biggest reasons for cyber-attacks. The result is a predicted USD 10 Trillion of damages by 2025. Our vision is to change that.
The UK is clearly on roll in terms of new legislation to tackle economic crime, whether fraud and scams, terrorist financing or money laundering. Another new bill, the Economic Crime and Corporate Transparency Bill, is aimed at helping reduce economic crimes, i.e., fraud and money laundering, is passing through the legislative process now. Whilst in […]
readThe Financial Services and Markets Act 2023 now has its Royal Assent and is therefore law in the UK. Part of this places requirements on the PSR to mandate reimbursement on Payments forms for APP in certain situations. On the back of last year’s consultation, there is now have the proposals as I covered here. […]
readCentral Bank Digital Currencies (CBDCs) are gathering pace across the globe. There has been recent proposed legislation in the EU, pilots in the UK and elsewhere and the recent announcement from Brazil about DREX. This blog will cover what a CBDC is at a high level, the key fraud risks and how CYBERA can help […]
readCYBERA, a leading provider of advanced reporting and prevention tools to combat scams and fraud today announced a partnership with Advocating Against Romance Scammers (AARS) a non-profit increasing awareness of romance scams to increase prevention. As romance scams totaled $735m in 2022*, not including some of the financial grooming that will fall into the investment […]
readThe Committee of Experts on the Evaluation of Anti-Money Laundering (AML) Measures and the Financing of Terrorism (MONEYVAL) 2022 report makes for interesting reading. While there are some elements focusing on improvements over the last couple of years, it is actually the areas that are trailing that are the most interesting. The report highlights that […]
readThe summer is now upon us, so here’s a roundup of recent news, all with a bearing on fraud, scams and how firms need to respond to protect customers. Many of these are interesting updates to previous blog posts. Duty of Care In an important ruling the UK Supreme Court have been clear […]
readThe CISAB is a Ghanaian non-governmental, and not-for-profit organization that create and increase in awareness on cyber, human and emerging security issues for the general public with ultimate goal of enlightening the minds of the citizenry and our program beneficiaries. “The Cyber Intelligence and Security Aid Bureau – Ghana , are thrilled to partner CYBERA – […]
readWritten by @Rob.Tharle, CYBERA’s Head of Product The desire to top the scourge of fraud and scams really getting momentum all over the world and it is accelerating. At the end of May, Brazil joined many countries starting to either allow or force banks and payments firms to share data on confirmed and attempted frauds. […]
readEU Payment Services Regulation (PSR) and PSD3 replacing PSD2 Written by @Rob.Tharle, CYBERA’s Head of Product. Another month and another update on regulators starting to place liability onto to Banks and Payment firms for authorised fraud transactions. And this time it is a big one as it’s a new EU regulation, so covers the whole […]
readVaduz/Zurich – July 5, 2023 – CYBERA, the leading provider of advanced cybercrime reporting and prevention solutions announces today a strategic partnership with LGT Private Banking, a leading international private bank owned by the Princely Family of Liechtenstein. Recognizing the need to continually enhance their anti-money laundering (AML) controls to protect their customers, LGT sought […]
readWritten by Rob Tharle, Head of Product The UK is now on a trajectory for 100% consumer reimbursement and 50/50 liability split between sending and beneficiary banks, it worth turning again to what is happening on the other side of the pond. Historically, authorised frauds and scams have clearly laid liability at the victim’s door. […]
readWritten by Rob Tharle, Head of Product I’ve written extensively on the UK’s evolving regulatory landscape relation to authorised push payment (APP) fraud and scams covering the FCAs Consumer Duty of Care regs, the Lending Standards Board (LSB) changes to the Contingent Reimbursement Model (CRM) and the Payment Services Regulators (PSR) September consultation. Following writing […]
readYour Industry
Solutions
Community
