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SWIFT Too Slow On Security Risks?

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The financial messaging service known as SWIFT — which operates as a bank-owned consortium and helps payments in the billions of dollars move globally — has been beset by security flaws, has known about those flaws and has done little to address those flaws. So reported Reuters on Wednesday (Aug.

Security 100
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Cybersecurity Firm Cybereason Snags Another $200M From SoftBank

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The new funding will be used to boost the company’s operations, with a focus on global growth. It also plans to build the world’s first full stack offering for truly autonomous security, as well as increase investment in its core organic R&D. Founded in 2012, Cybereason boasts distribution in all major global markets.

Boston 115
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Bitcoin Daily: The PIT Enables UK Faster Payments; Coinbase Chief Gets Patent For Emailing Bitcoin

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Coinbase has reportedly made over $2 billion in transaction fees since 2012, but the proposed system would not charge user fees. Digital currencies not in use would be kept in a secure vault that only an email address connected to a corresponding wallet can access. Yosef is reportedly still at large.

Bitcoin 132
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Huawei CFO Charged With Bank Fraud

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has been abusing the idea of ‘national security,’ slandering and striking down the normal commercial activities of Chinese enterprises,” foreign ministry spokeswoman Hua Chunying said at a briefing in Beijing this month. “The a Hong Kong-registered company with operations in Iran. China’s government defended the company.

Fraud 130
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Caesars Puts Stake In Online Betting Co DraftKings

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The access is exclusive to Caesars locations across select states where the company operates casino properties. ” Founded in 2012, Boston-based DraftKings offers daily fantasy sports contests across 11 professional sports and in eight countries, including the U.S., and Australia. . and Australia.

Online 108
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FTC Fines Two Telemarketing Companies For Making Robocalls

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The FTC is cracking down on robocall telemarketing businesses, announcing last week it cracked down on two such companies that have been making robocalls to consumers that have been on the National Do Not Call Registry since 2012 or even earlier. In July 2012, in one week alone, the FTC contends the defendants made more than 1.3

Company 100
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Deep Dive: An Automated Approach To The $2T Global Money Laundering Problem

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Approximately 2 percent to 5 percent of the world’s gross domestic product (GDP) – $800 billion to $2 trillion – is laundered each year, according to a report from the United Nations Office on Drugs and Crime (UNODC). Rethinking Security Strategies . Financial and Ethical Security Strategies.