dcsimg

Get a head start on defending against tax scams

It may not be tax season in your part of the world right now but you’ll no doubt be pleased to know a prolific tax scammer is on their way to jail for 20 years. If you’re annoyed by tax scam missives, or had the misfortune to hand money over, this is probably satisfying news. Between 2013 and 2016, Hitesh Patel ran a particularly sophisticated operation. His tax ring called from centers in … [Read more...]

RegTech explained: a crucial toolset for the financial industry

Every organization in the financial industry needs to meet certain regulatory obligations, even if it’s just filing a tax return or submitting an annual report. In certain industries, such as financial services, they’ve added their own additional sets of rules that must be adhered to. For example, organizations who take and process credit card payments have an obligation to meet the Payment … [Read more...]

Keeping ransomware cash away from your business

A ransomware gang has made headlines for donating a big chunk of stolen funds to two charities. Two separate donations given to Children International and The Water Project rang tills to the tune of $10,000 each. Their reason was that they’re targeting “only large profitable corporations, we think it’s fair that some of the money they’ve paid will go to charity. No matter how bad you think our … [Read more...]

Children and young adults: the next-generation money mules

According to Cifas, a nonprofit fraud prevention organization based in the United Kingdom, more than 8,500 cases of bank account misuse have been filed against 18- to 24-year-olds between January and September 2017. Cifas has linked the account abuse to an uptick in young people acting as money mules,  allowing their bank account to be used in order to facilitate the movement of criminal funds. … [Read more...]