Source: FS-ISAC
To help financial firms prevent fraud attempts on their companies and customers, FS-ISAC, the member-driven, not-for-profit organisation that advances cybersecurity and resilience in the global financial system, has published Leveling Up: A Cyber Fraud Prevention Framework for Financial Services.
A new report from Nasdaq Verafin, Financial Crime Insights: Europe, highlights the staggering scale of financial crime across the continent. Drawing from the 2024 Global Financial Crime Report and industry surveys, the study reveals that an estimated $750 billion in illicit funds flowed through Europe’s financial system—2.3% of the region’s GDP.
A new report from Revolut reveals that UK consumers are the most vulnerable to WhatsApp scams in Europe, with losses averaging £2,437 per victim.
The European Commission has approved the 2025-2027 Digital Europe Programme (DIGITAL) work program, committing €1.3 billion to strengthen key technologies crucial for the EU’s digital sovereignty.
In the first two months of 2025, AIB reported a significant rise in phone call fraud, with voice phishing—commonly known as vishing—surging by 79% compared to the same period in 2024.
Banks worldwide faced a total of $4.5 billion in fines in 2024, with TD Bank accounting for two-thirds of the total after pleading guilty to violating U.S. anti-money laundering (AML) laws.
Source: ADGM
ADGM, the leading International Financial Centre (IFC) of the UAE’s capital, has signed a Memorandum of Understanding (MoU) with Chainlink, the standard for onchain finance, marking a major step in advancing compliant tokenisation frameworks.
A recent report by LayerX Labs has uncovered a sophisticated phishing campaign that initially targeted Windows users but has now shifted its focus to macOS users.
