Tag: transaction | SpinSafe

Resistant AI and ComplyAdvantage Launch AI Transaction Monitoring Solution To Combat Fraud and Money Laundering

October 11, 2022/in Computer Security

Holvi, the digital banking service for small businesses, is among the initial group of customers to implement the AI-driven solution to manage their financial crime risk

LONDON, Oct. 11, 2022 /PRNewswire/ — Resistant AI, the AI and machine learning financial crime prevention specialists, and ComplyAdvantage, the financial industry’s leading source of AI-driven financial crime risk data and detection technology, today announced the general availability of their solution for fighting financial crime across the U.S. and Europe.

New Research: AI for Financial Crime Risk Detection

Financial crime is a multi-trillion-dollar problem. According to the United Nations, the estimated amount of money laundered globally in one year is 2 – 5% of global GDP, or 800 billion – 2 trillion US dollars. While the cost of fraud and money laundering to financial organizations and other businesses is significant, the cost and damage to economies and society as a whole is immeasurable.

Adding Resistant AI’s capabilities to ComplyAdvantage’s transaction risk monitoring platform extends anti-money laundering (AML) and anti-fraud protections offered to financial institutions and other businesses by:

Enabling them to detect previously unknown patterns of behavior and identify new risks faster.
Delivering alert prioritization so organizations can focus on the highest risk areas and make the best use of their investigative resources.

With these capabilities, organizations can transition to a more dynamic approach to financial crime that uncovers novel behavior as it happens.

“Effectiveness and efficacy are key to scaling,” comments Valentina Butera, Head of AML and AFC Operations at Holvi. “Integrating an AI-driven transaction monitoring solution means we can grow our customer base without growing our headcount at the same rate. With Resistant AI and ComplyAdvantage, we can manage our known risks more efficiently while also identifying and adapting to previously unknown risks.”

Martin Rehak, founder and CEO at Resistant AI, commented, “We are delighted that our joint solution is now available to drive game-changing efficiency gains. Alert prioritization, the ability to make systems more…

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Transaction Monitoring for online services – NCSC.GOV.UK – National Cyber Security Centre

March 2, 2022/in Internet Security

Transaction Monitoring for online services – NCSC.GOV.UK National Cyber Security Centre

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SIM Transaction Theft: How to protect your SIM card from scammers wey fit use am transfer money from your bank account

February 27, 2021/in Mobile Security

3 hours wey don pass

Di need to protect “SIM Card” don dey important afta one man expose di new strategy of how scammers take dey tiff pipo money from dia phone.

Di video of one young man wey dey trend for social media expose how im take dey transfer pipo money from dia account wit dia sim cards.

According to di man wey no mention im name but claim to be fraudster say di new transfer strategy now na “SIM transaction.”

For inside di video wey last for about 30 minutes, e explain say im dey use SIM cards wey dey receive bank alert to transfer money from pipo account.

He say di kind fraud wey im dey commit na wetin e call SIM transaction. “If I see any SIM card wey dey receive alert, I go fit withdraw from am.” He say for example if im dial 425100#, e go show di name of di bank di pesin dey use. If e show maybe Access Bank, im go dial 90100#, and e go show di pesin account balance.

Di man add join say if money no dey pesin account, if na salary account, through di SIM card, im fit collect loan, like loan pf N20,000, N15,000 or N5,000.00, depending on di amount pesin wey get di SIM fit loan.

Dis don make many pipo dey reason how dem fit protect dia SIM cards from fraudsters.

According to sabi pipo from one technology website CNET.com and one internet mobile security website, “us.norton.com”, dem explain how you fit block scammers make dem no fit hack your bank account through SIM Swap or Fraud.

How to Protect Your Bank Account Against Fraud By Securing Your Sim

If you dey do Mobile Banking from your fone, e dey necessary to put PIN on top your SIM, if not, jaguda pipo go fit clear your account anytime you lost your fone or if dem tiff am.

Di process dey very simple. For dos wey no sabi, dis simple steps go protect hacking of your bank account if dem tiff your SIM or if you do SIM SWAP/Fraud.

Go to SETTINGS for your phone.
Go to SECURITY & LOCATION under SETTINGS
Go to SIM CARD LOCK.
Click on LOCK SIM CARD.
Enter Your mobile network default SIM CARD PIN. (For MTN users na “00000”. AIRTEL users na “1111”. 9mobile users na “0000” and for GLO users na “0000”).
Afta you enta di MOBILE NETWORK DEFAULT PIN, under am you go see ” CHANGE SIM PIN”, click on it to…

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Barnes & Noble data breach exposes customers’ email addresses, transaction history – USA TODAY

October 16, 2020/in Internet Security

Barnes & Noble data breach exposes customers’ email addresses, transaction history USA TODAY
Barnes & Noble confirms cyberattack, suspected customer data breach ZDNet
Barnes & Noble Cyberattack: Data Breach Exposed Customers’ Personal Info CBS Boston
Barnes & Noble Warns Customers About Data Breach Dark Reading
Barnes & Noble warns customers it has been hacked tripwire.com
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Tag Archive for: transaction

How to Protect Your Bank Account Against Fraud By Securing Your Sim