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Given the fact that the 21st century continues to become increasingly interconnected thanks to digital and internet-based technologies, it should come as no surprise that the rate of international money transfer has expanded in kind. The international money transfer industry has blossomed as both professional and personal use of these particular services has experienced healthy growth over the last
Read moreIn an effort to thwart the surge in cybercrime and various other forms of online fraud, the European Banking Authority has announced that internet-based payment service providers will be required to improve their general security procedures by August of 2015. As a follow-up to this statement, the EBA has published a series of ‘minimum security
Read moreIn what many experts are now considering to be the most serious and damaging cybercrime of all time, Russian hackers have allegedly stolen nearly £650 million from a series of international banks, including financial institutions in China, the United Kingdom, Japan and the EU at large. The crime was uncovered after it was discovered that
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