Knowledge is Power

We hear the same question day in and day out. “What is the number one cause of cyberheists?” This cry is often only heard when it is too late. When people are the victim of a horrible cyber crime, they ask first if their assets can be recovered. They ask second what they can do to prevent it from happening again. Sometimes they ask what they could have done to stop it from ever happening in the first place. We hear Read More

5 Warning Signs of Corruption

Corruption is a major issue for businesses. It can even be seen as a threat to national security. Corruption can come in the form of monetary brides, behind the scenes schemes, or unseen agreements. It is almost always for the purpose of increased wealth or personal power on the part of the guilty party. You do not want to be caught with corruption in your business. It will reflect poorly not just on the guilty Read More

Big Cyber Heists in History

You may remember a time when bank heists were hands-on operations. If the criminals didn’t actually walk into a bank and demand the cash at gunpoint, they infiltrated the premises after hours by deactivating the alarm system and/or getting inside help from an employee or security.  Today, it’s different. Thanks to the Internet, criminals in Europe can empty bank accounts in North America (and vice-versa) without Read More

Cyber Heist

Financial institutions are at risk of cyber heists. Hackers have stolen millions of dollars from financial institutions by gaining access to the SWIFT messaging system via malware. Once they have gained access, the hackers issue fraudulent SWIFT messages to steal funds held in correspondent accounts. As Brussels-based SWIFT described it in its May 13, 2016 Customer Communication – Customer Security Read More

How Transparency Can Uncover Corruption on a National Level

Public corruption is an international problem, but Transparency International truly brings the issue to light with its Corruption Perception Index. The issue of public corruption varies a lot between countries, depending on how strict a country’s laws are and how susceptible its officials are to bribery and other types of corruption. What Does Transparency International Do? With branches in more than 100 Read More

Public Corruption Explained

Citizens and residents of a country should be able to trust their elected and/or non-elected officials to use their positions appropriately and work in the best interests of the people they represent or for whose welfare they purport to work for. However, it doesn’t always quite work that way. Public corruption, which occurs when a public official uses the position to violate the law and benefit his own private Read More

Where in the World Are Bank Hackers? Everywhere, Actually

Financial institutions all over the world are concerned with the possibility of being hacked. Just one small gap in a bank’s security systems can leave it exposed to hacking exploits that cost institutions millions. As hacking groups have grown over the years, they have become bolder in their efforts and often carry out multiple strikes simultaneously. No bank is safe. The Growing Trend of International Bank Read More

How Does a Bank Heist Happen?

While technology has made everyday life more convenient, it has also opened up a whole new world of crime. Current security measures make it nearly impossible for someone to pull off a bank robbery without being apprehended, but many banks have cybersecurity weaknesses that leave them open to cyber attacks. Banks and companies can use the information on major heists to protect their assets and prepare for possible Read More