The breach of Appleby law firm, now dubbed the “Paradise Papers”, which has since spilled out scandalous information from private documents of the rich and famous. The blueprint is similar to what we saw with the Panama Papers last year.
(Tokyo, 7 November 2017) Researchers at Keio University’s Haptics Research Center have developed a ‘real-time-avatar-robotic arm’ that transmits sound, vision, and highly sensitive feelings of touch to remotely located users. This innovative touch sensitive robotic technology was reported in the October 2017 issue of IEEE Transactions on Industrial Electronics and demonstrated at CEATEC (October 2017, Tokyo). The technology is expected to find applications in areas such as industrial manufacturing, harvesting farm produce, and nursing care.
Keio Research Highlights
Triumph Motorcycles has launched the brand new 2018 Tiger 1200 XC and XR line-up, the most advanced Tiger models ever. The all-new range is the latest addition to a legendary bloodline that began 80 years ago and has been purpose-built to handle the ultimate in on-road adventures and off-road challenges, with every single new technological innovation, engine enhancement, premium specification, and style update designed specifically to help deliver a perfect ride.
It’s been reported that For the second time in a year, private photos and WhatsApp conversations of WWE diva Paige have been leaked by unknown hackers. The British wrestler Saraya-Jade Bevis, who goes by the name Paige, was targeted by hackers earlier in March in what was dubbed as “Fappening 2.0”. Hackers have reportedly leaked explicit photos and selfies of the WWE star Paige, along with WhatsApp conversations with WWE wrestler Xavier Woods. The hackers have threatened to leak more content in the coming days, Hackread reported. Private photos of WWE ring announcer Jijo have also reportedly been leaked by the same hackers.
British Safety Council launches its new manifesto at a parliamentary reception
At a reception in Parliament, attended by MPs and peers from across the political spectrum, the British Safety Council launched its new manifesto, Combating risk in the digital age. Protecting people in the economy of the future that will set the direction for its activities in the future.
Steve Morgan, Managing Director of UK/Europe at Intelenet® Global Services, says banks can partner with external digital experts to tackle the problem of fraud
London, 03.10.17 – Today the European Banking Association closes its consultation on draft guidelines for reporting fraud under revised PSD2. Banking fraud is one of the most challenging issues facing the industry, with more than 5,000 cases of fraud reported every day in Britain in the first half of 2017.
According to research from Barclays’, a third of British adults have fallen victim to a scam, with an average theft of £893. The global banking sector is continuously updating its defences against all types of financial fraud, with criminals using increasingly sophisticated tactics to access personal or security data.
Customers seek the convenience and speed offered by digital banking, but fear exposing themselves to fraudsters who will steal information to gain rapid access to accounts. Technologies such as machine learning and predictive analytics can identify customers’ spending patterns and flag up suspicious transactions.
Steve Morgan, MD of UK/Europe at Intelenet® Global Services, comments: “Risks are shifting with every new digital banking innovation. As a result of this, banks are turning to digital means to reduce fraud. Technologies which provide interactive messaging combining speech synthesis and voice recognition, can help banks reach customers quickly and efficiently to determine if a suspect transaction is taking place. This can significantly lower average loss per account and loss per fraud.
“One leading bank saw a 50 percent reduction in anti-money laundering alerts and a 98 percent increase in fraud detection rate after being advised by a digital expert on how to best manage risk. This can be achieved through digital profiling, which examines customer data available from an existing information source, alongside determining how data can be stored and changed.
Steve continues: “Fraud aftercare is crucial in allowing banks to identify loopholes in the system and pick up the pieces for customers after criminal activity has taken place. Machine learning is increasingly being applied to help speed up the resolution process, resulting in improved customer support for those who have fallen prey to fraud.”
- British F1 driver Jenson Button has taken the wheel of Santander’s Phish & Chips van – serving fish and chips to the public in exchange for phishing emails and SMS phishing texts (smishing)1
- The Phish & Chips van has been touring the nation to raise awareness of scam messages – serving over 3,000 portions of fish and chips to the public2
- The Phish & Chips van was created after research3 revealed an estimated 600 million scam attempts were made in the UK over email, text and telephone in the last 12 months4 – the equivalent of over 1.6 million scam messages each day
Personal details of almost 50,000 Australian employees have been compromised in the country’s largest data breach since the Red Cross leaks. Reports state that up to 48,270 personal records from employees working in government agencies, banks and a utility have been exposed online by a third-party contractor — a misconfigured Amazon S3 bucket. Amazon S3 is a form of cloud storage where employees can store and retrieve data from websites and mobile apps.The files exposed include full names, passwords, IDs, phone numbers, and email addresses as well as some credit card numbers and details on staff salaries and expenses.
Commenting on this, Ian Ashworth, security consultant at Synopsys, said “Cloud computing is an increasingly popular way for centralizing storage and data access and often provides a cheaper more elastic and secure platform for enterprises to harness, however their configuration can often be more than simple. Being internet-connected and widely accessible should dictate a greater level of diligence in their setup and tailoring to ensure they appropriately manage accessibility and control. Authentication and correct levels of authorization are two such essential measures for granting user access to the most sensitive of data or services. When especially dealing with PII and payment details additional storage protection measures should be employed providing an overall layered security architecture.”
The closure of the consultation period on fraud reporting guidelines signals the home straight for banking and fintech firms
London 03.09.17 – Today marks a pivotal moment in banks’ and payment providers’ PSD2 preparations as the European Banking Authority (EBA) closes its consultation period on fraud reporting responsibilities.