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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.
Written by Rob Tharle, Head of Product I’ve written a lot recently about the increasing regulatory response in the UK to fraud and scams, particularly Authorised Push Payment Fraud (APP) fraud. Not everyone agrees with the details, but all agree we need to act. How to respond is an area of focus that continues […]
readWritten by Rob Tharle, Head of Product Last week we saw the eagerly awaited arrival of the FBIs IC3 Internet Crimes report for 2022. It was largely overshadowed by what was going on with SVB, but here’s a review of this important report. Key points: These numbers tell some interesting stories. Investment scams have overtaken […]
readWritten by Rob Tharle, Head of Product We’ve seen before UK banks restricting the amount of crypto, either in part or in full, they allow customers to buy or transfer especially via cards. Recently multiple UK banks updated their policy to restrict crypto payments even further. And this is not just the case for […]
readBanks and payments firms are always adding more controls to their services either in the face of consumer losses or due to increasing regulatory requests and expectations. We’ve even seen wholesale bans on payments to crypto firms from some banks in the UK. Proliferation of controls is also increasing across platforms, apps, and Web3, […]
readToday we are pleased to announce our latest customer to use CYBERA CYBERCRIME WATCHLISTTM & CYBERCRIME VSRTM to protect their Digital Asset Platform. Momint is the leading digital asset platform in Africa. Momint’s marketplace covers, not just NFTs but tokenization of digital assets such as coins and whiskey. As with all crypto and […]
readCYBERA was set up with a specific mission: disrupt financial cybercrime by connecting victims, law enforcement, and private firms. We firmly believe that data sharing between these parties is a key weapon against the organised crime gangs that are behind so many of these crimes, whether investment or romance scams, business email compromise or the […]
readCybercrime has become big business, with cyber criminals generating billions of dollars in revenue each year. The rapid growth of the internet and advancements in technology have created new opportunities for cyber criminals to engage in illegal activities, such as theft of personal information, ransomware attacks, and other forms of cybercrime. According to recent estimates, […]
readSharing financial cybercrime information with other organizations and agencies can bring numerous benefits to the fight against cybercrime. In today’s interconnected world, it is increasingly important for organizations to collaborate and share information to stay ahead of cyber criminals who are constantly evolving their tactics. One of the main benefits of sharing financial cybercrime information […]
readAnti-money laundering (AML) is a set of regulations and procedures aimed at preventing illegal activities, such as money laundering, terrorist financing, and other financial crimes. The goal of AML is to ensure that financial institutions, including cryptocurrency companies, are not being used to launder money or finance illegal activities. Cryptocurrency companies, as a relatively new […]
readChatGPT, as a powerful language model, has the ability to generate natural language text that can be used in a variety of malicious activities, including cyber scams. One of the main ways that ChatGPT is being utilized in cybercrime is through the creation of malware code and phishing emails. Malware code refers to software that […]
readYesterday 8 Feb 2023, the Lending Standards Board (LSB), who regulates the Contingent Reimbursement Model (CRM) in the UK, published updated rules. For an overview of the CRM please read my blog here, but in summary it is a pseudo regulation (its voluntary, but has 20 banks signed up covering the majority of consumers in […]
readEURO FINANCE Tech Day – as part of the panel discussion “The Future Faces of Fintech”, our Co-Founder and CRO talks about the importance of supporting both fiat and crypto companies, how they are intertwined, and how they are going to become even more intertwined in the future.
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