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A leading UK high street bank has pleaded guilty to failing to stop a massive money-laundering operation carried out by a business customer. Criminal charges were brought against NatWest by regulator the Financial Conduct Authority (FCA) under the UK’s Money Laundering Regulations 2007. The lender, which is state-backed, entered a guilty plea at Westminster Magistrates Court in the first case of its kind. It covers four years between November 2012 and June 2016, during which the bank…

Cyber-attacks targeting UK firms are back on the increase, reaching a rate of one every 47 seconds over the summer, according to new data from Beaming. The business ISP had noted a 9% year-on-year drop in the second quarter, but it now appears that was a temporary blip. Attacks increased 4% between July and September over the same period last year. The firm claimed that this amounts to an average of 168,975 attacks per company in…

VMware users can now purchase third-party partner solutions from the VMware Marketplace and deploy these solutions directly to VMware endpoints. Plus, we are delighted to announce a host of upcoming VMware Marketplace portfolio capabilities and services that will accelerate our customers’ cloud adoption journeys and our partners’ go-to-market strategies with VMware. Recent innovations in digitization have had deep impacts in almost every aspect of our life, from food and healthcare to personal finance and manufacturing….

The security, portability, and agility of container technology complement the proven capabilities of the leading real-time operating system (RTOS), VxWorks®, now available for containerized deployments at the intelligent edge. As the complexity of applications and their supporting infrastructures create new potential attack vectors for increasingly sophisticated hackers to exploit, containers in embedded systems offer a means to deliver responsive, secure application delivery to the intelligent edge. With these capabilities, aerospace and defense organizations, energy providers,…

As an  Official Champion of National Cyber Security Awareness Month (NCSAM), the Council will be sharing educational resources on payment security best practices on the PCI Perspectives blog, and through our Twitter (@PCISSC) and LinkedIn pages. The Council will align these resources with the four weekly themes outlined by the National Cyber Security Alliance:

A new financial crime report by risk management tool developer Feedzai has found an increase in phishing scams perpetrated via text message, a practice known as smishing. The report analyzed over 1.5 billion global transactions completed in the second quarter of 2021 to paint a picture of the state of financial crime, consumer spending habits, and the top fraud trends. Purchase scams, where consumers pay for products or services that never arrive, topped the list of fraud scams, followed by…

Vulnerability scanners are not enough, according to an expert who champions an all-encompassing holistic approach to vulnerability management as a means to eliminate surprises. Image: Shutterstock/Sergey Nivens Cybercriminals have several options when it comes to plying their trade. Currently, ransomware and phishing appear to be the most popular methods. As a result, those responsible for a company’s cybersecurity are focusing on solidifying defenses against ransomware and phishing—and overlooking the fact that most cyberattacks rely on…