Tag Archive for: introduces

SquaredFinancial Introduces Enhanced Fraud Prevention Framework and Uncovers Fraud Network


SquaredFinancial values transparency and is strongly dedicated to fighting deceptive practices by developing an advanced fraud prevention framework. Recognizing recent incidents of financial deceit in the trading industry, the company is proactively fortifying its compliance and risk teams and strengthening processes and protocols to promptly detect and address any fraudulent activities.

A holistic approach to fraud prevention and management requires robust tools to conduct comprehensive risk assessments, identify potential vulnerabilities and prioritize risk mitigation.

The first step towards effectively fighting digital fraud is to understand the forms of fraud that occur regularly in the fintech sector. Some of the most common kinds of fraud are identity theft, phishing, web skimming, social engineering, and botnet attacks which can effectively be prevented with a resilient IT infrastructure and a steadfast focus on cybersecurity. In the forex brokerage industry, fraudulent activities have been recurrent and are plotted by networks or individuals exploiting terms and conditions and applying trading tactics to abuse commission and other bonus schemes.

Adapting to the ever-evolving landscape of financial fraud

Throughout the years, fraud networks have consistently targeted businesses, exploiting trading tactics and incurring substantial losses. As such, tactics like shared IP addresses and devices have been employed to exploit trading systems and take advantage of bonus schemes.

Recent fraud case study and actions taken

In November 2023, SquaredFinancial initiated an internal investigation following the deceitful actions of a specific partner. Utilizing internal analytical tools, the company was able to swiftly identify irregularities and has immediately intervened, preventing further exploitation. Craig Jenkins, Chief Legal & Compliance Officer, emphasized, “The recent case of abusers was detected by our software used to identify suspicious patterns, revealing a network of connected trading activities. A thorough inspection uncovered dozens of ‘clients’ engaging in coordinated trades from the same location, even the same computer, to abuse the favourable…

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CREST introduces global initiative to boost cyber security standards


The international cyber security arena is set to be bolstered by an open collaboration and partnership initiative, introduced by CREST, the not-for-profit, industry representative body. The initiative, aptly named the CREST Community Supporter, aims to rally various organisations toward making a tangible contribution in improving the global cyber security industry standard. Its launch in July has resulted in the enrolment of the initiative’s inaugural nine Community Supporters.

The Centre for Internet Security (CIS), Cloud Security Alliance, Cyber Threat Alliance, Global Anti Scam Alliance, Global Cyber Alliance, Global Resilience Federation, ISC2, Stott and May Consulting, and The Security Institute have joined forces with CREST for this ambitious project. Their collective mission will be to foster capability development, capacity building, and consistent collaboration—an initiative aimed at enhancing trust and resilience within the digital landscape.

CREST CEO, Nick Benson, emphasised the role of collaboration in tackling the diverse challenges plaguing the cyber landscape. He said, “I am thrilled to welcome our first nine Community Supporters. To meet the vast array of challenges facing the world of cyber we must join forces and be serious about open and effective collaboration. Developing relationships and formalising them through our supporter initiative is key to our mission, and each of these fantastic organisations will play an important role in helping us build a globally resilient cyber security industry.”

It is expected that merging the strengths of the CREST membership—made up of cyber security service providers—and the newly inducted Community Supporters will promote a unified effort. This collaboration aims to address the pressing and complicated digital issues currently plaguing the globe.

The CREST Community Supporter initiative was launched to foster partnerships with bodies and organisations committed to raising global cyber security standards in alignment with CREST’s core mission and values. Becoming a Community Supporter offers many perks, such as deepened collaboration with CREST, marketing support, discounted event entry, and more….

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Kyndryl Introduces Experience Management as a Service to Help Customers Monitor, Measure and Achieve Business Outcomes IT Voice








Kyndryl Introduces Experience Management as a Service to Help Customers Monitor, Measure and Achieve Business Outcomes IT Voice | IT in Depth

















































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