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3 MARCH 2015
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Welcome to
Fraud Watch

Fraud Watch is the premier title reporting on fraud and money laundering in financial services. Providing a daily news service, it publishes contributed articles from industry experts; it reports extensively on the latest compliance requirements, laws and regulatory changes, and gives very wide coverage of the latest court cases, ongoing investigations and fraud threats. It reports on security issues, including data, PCI requirements, systems security, diagnostics and forensics.

  Main story  
     
 
article thumbnail Wednesday, 25 February 2015

US puts US$3m bounty on cybercriminal
Reward for capture of alleged botnet administrator Read more ...

 
     

Latest feature
     
 
Attackers target low-cost POS systems

Retailers are tightening security strategies after a spate of major POS system breaches last year. Stephen Coty of Alert Logic looks at the industries hardest hit by data breaches and assesses the threats from new and emerging malware.
Read more ...
 
     
 
Don't miss
     
   
     

 
 Latest news 
 
Month's news
 
   Most read  
 
    Features   
 
     
 
News - CybercrimeWednesday, 25 February 2015

Gemalto: Attacks were probably from secret services
SIM maker claims encryption keys were not stolen Read more ...

News - Data securityTuesday, 24 February 2015

Lenovo sued over pre-installed adware
Company behind adware is itself victim of DDoS attack Read more ...

News - RegulationMonday, 23 February 2015

Senior managers to be held accountable for regulatory failures
PRA sets out tough new personal liability regime for banks, building societies and investment firms Read more ...

News - Money launderingMonday, 23 February 2015

Pakistan blocks ‘suspect’ US$65m transaction
Freeze under news rules brought in after Peshawar school massacre Read more ...

News - Data securityFriday, 20 February 2015

Gemalto denies knowledge of massive SIM attack
Claims of state-sponsored hack by US and UK spies Read more ...

article thumbnail News - CybercrimeFriday, 20 February 2015

Russian-based gang steals US$1bn from 100 banks
New stage in cybercrime as banks are targeted directly not end users Read more ...

News - RiskThursday, 19 February 2015

Linking pay to CDS reduces bank risk
New proposal to curb executive behaviour Read more ...

News - InvestigationsWednesday, 18 February 2015

HSBC Swiss offices are raided
Criminal enquiry into laundering opens
Read more ...

News - ResearchTuesday, 17 February 2015

Value of UK fraud at lowest level in 12 years
Lack of reporting means figures may only be tip of iceberg Read more ...

article thumbnail News - Money launderingMonday, 16 February 2015

EU terror and laundering rules to be strengthened
– Draft regulation takes account of new technologies used by criminals
– Trade and gambling thresholds reduced to come under scope of new directive Read more ...

News - Cybercrime
Gemalto: Attacks were probably from secret services
Maxine Wernick - Wednesday, 25 February 2015

News - Data security
Lenovo sued over pre-installed adware
Maxine Wernick - Tuesday, 24 February 2015

News - Regulation
Senior managers to be held accountable for regulatory failures
Maxine Wernick - Monday, 23 February 2015

News - Money laundering
Pakistan blocks ‘suspect’ US$65m transaction
Maxine Wernick - Monday, 23 February 2015

News - Data security
Gemalto denies knowledge of massive SIM attack
Maxine Wernick - Friday, 20 February 2015

News - Cybercrime
Russian-based gang steals US$1bn from 100 banks
Maxine Wernick - Friday, 20 February 2015

News - Risk
Linking pay to CDS reduces bank risk
Maxine Wernick - Thursday, 19 February 2015

News - Investigations
HSBC Swiss offices are raided
Maxine Wernick - Wednesday, 18 February 2015

News - Research
Value of UK fraud at lowest level in 12 years
Maxine Wernick - Tuesday, 17 February 2015

News - Money laundering
Europe AML and CFT rules to be strengthened
Maxine Wernick - Monday, 16 February 2015

News - Cybercrime
Facebook launches ThreatExchange for sharing
Maxine Wernick - Thursday, 12 February 2015

News - Data security
Samsung alters privacy statement after voice recognition row
Maxine Wernick - Thursday, 12 February 2015

News - Investigations
HSBC may face US prosecution
Maxine Wernick - Wednesday, 11 February 2015

News - Research
New fraud threat from 'less moral, more individualised’ workers
Maxine Wernick - Tuesday, 10 February 2015

News - Cybercrime
Chinese hackers suspected of Anthem cyberattack
Maxine Wernick - Friday, 06 February 2015

News - Court cases
Silk Road boss convicted on ML charges
Maxine Wernick - Thursday, 05 February 2015

News - Regulation
US regulators prepare case against BP
Maxine Wernick - Wednesday, 04 February 2015

News - Research
Africa losing US$50bn a year in illicit financial flows
Maxine Wernick - Tuesday, 03 February 2015

News - Bribery and corruption
Ukraine sets up anti-corruption bureau
Maxine Wernick - Tuesday, 03 February 2015

News - Company news
UK mobile security start-up nets US$31m in contracts
Maxine Wernick - Monday, 02 February 2015

News - Public sector fraud
EU orders France to return Eur1.45bn
Maxine Wernick - Monday, 02 February 2015

News - Bribery and corruption
Fraud Watch comment: India corruption protest shows power of social media
Administrator - Thursday, 25 August 2011

News - Court cases
Links page
Administrator - Saturday, 16 January 2010

News - Bribery and corruption
Fraud Watch Comment: What about Wimbledon?
Administrator - Monday, 31 January 2011

News - Bribery and corruption
Comment: The new FCPA Guidelines analysed by BakerHostetler
Administrator - Friday, 16 November 2012

News - Money laundering
Fraud Watch comment: Fine for MLRO highlights personal responsibilities
Administrator - Monday, 07 June 2010

News - Cards and Payments
Comment: Counterfeit fraud - the dangers of over-confidence
Administrator - Friday, 15 April 2011

News - Court cases
Comment: Latest warnings on data hacks fail to get through
Administrator - Wednesday, 18 January 2012

News - Risk
New boss for global securities rules body
Administrator - Tuesday, 06 March 2012

News - Court cases
ICSA Labs hires malware expert
Administrator - Friday, 11 November 2011

News - Research
Pope butler arrest the year’s top fraud story?
Administrator - Thursday, 20 December 2012

News - Risk
Book Review - Managing Fraud Risk - a practical guide for directors and managers
Administrator - Thursday, 06 February 2014

News - Regulation
Government sets out plans for tighter UK regulation
Administrator - Tuesday, 05 February 2013

News - Risk
Nearly 40% of auditors expect to find fraud at clients in 2012
Administrator - Friday, 27 April 2012

News - Employee fraud
Court ruling may reduce scope of US computer fraud law
Administrator - Wednesday, 11 April 2012

News - Regulation
Equities payment and settlement rules to be toughened up
Administrator - Monday, 16 April 2012

News - Bribery and corruption
Pope’s butler held as Vatican corruption scandal widens
Administrator - Monday, 28 May 2012

News - Bribery and corruption
SFO blasted for "ineffective" foreign settlements
Administrator - Tuesday, 03 April 2012

News - Bribery and corruption
Olympus whistleblower gets Person of the Year award
Administrator - Wednesday, 21 March 2012

News - Court cases
Hedge fund manager convicted of £536m fraud
Maxine Wernick - Friday, 23 January 2015

News - Cards and Payments
Europe’s changing card fraud landscape
Administrator - Thursday, 10 May 2012

article thumbnail Features - CybercrimeMonday, 02 February 2015

Cybercrime report: Who takes the blame?
When a company suffers a cyber-attack, who is held ultimately responsible – the company itself, the directors or the CISO? Where can companies turn for assistance? A special report in which fraud and security experts suggest methods of approach to a rapidly escalating problem. Read more ...

article thumbnail Features - ResearchThursday, 29 January 2015

2015 Predictions: Dramatic rise in cyber risk
Over the next few days we will be publishing ongoing Predictions from industry experts on the likely major developments in 2015. Keep checking back on this section to see what the New Year holds! Read more ...

Features - ComplianceTuesday, 13 January 2015

P2PE not the only PCI compliance option
The ongoing confusion over PCI requirements has been increased by the arrival of point-to-point encryption (P2PE). Kevin Burns, head of solution architecture at Vodat International, suggests there is another option. Read more ...

article thumbnail Features - ComplianceThursday, 13 November 2014

Comment: Is the Auditor-Client relationship too cosy?
The Tesco accounting scandal throws up some major questions regarding the power of major firms.

In whose interests are the auditors working, the company they are assessing or those of society? Is it healthy that there are only four major auditors? And should big retailers such as Tesco be allowed to exert such a huge level of power over suppliers? Read more ...

article thumbnail Features - ComplianceFriday, 10 October 2014

US advisory is a red flag to banks over compliance
Two banks sell businesses after FinCen interventions

The US$300m fine imposed on Standard Chartered by FinCen is a significant red flag for every other bank and its compliance professionals. Read more ...

 
     
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