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Financial institutions see spike in threats linked to COVID-19 Almost three-quarters (74 percent) of banks and insurers have experienced a rise in cybercrime since the pandemic began according to a new report. The findings released today by by BAE Systems Applied Intelligence, the cyber and intelligence arm of BAE Systems, as part of The COVID Crime Index 2021 analyze the changing nature and impact of fraud, risk and cyber threats on UK and US financial institutions and consumers over the last 12 months The research, based on a survey of over 900 organizations in the financial sector, also s...

3 in 4 Financial Institutions Seeing Higher Threats Due to COVID-19 Financial institutions (FIs), such as banks and insurance providers, are reporting significantly increased threat levels from COVID-related cyber crime according to new research by BAE Systems Applied Intelligence, the cyber and intelligence arm of BAE Systems.  A huge jump in new pandemic-related threats, alongside a rise in challenges caused by enforced work from home guidance, is leaving open and insecure gaps in FIs’ networks. The findings released today within The COVID Crime Index 2021 analyses the changing nature an...

Accenture acquires Core Compete to boost its cloud offering Image: © Alexey Novikov/Stock.adobe.com The cloud analytics company is the latest in a long line of acquisitions made by Accenture in order to enhance its client offering. Global consulting giant Accenture has added another cloud services company to its growing list of acquisitions. Headquartered in North Carolina with offices in the UK and India, Core Compete is a cloud analytics services company that enables digital transformation with a particular focus on supply chain, retail and financial services. Accenture acquired the compan...

#COVID19 Fraud Surge Threatens to Overwhelm Banks Phil Muncaster UK / EMEA News Reporter , Infosecurity Magazine Surging levels of fraud and financial crime during the pandemic threaten to overwhelm banking teams working from home with disjointed internal systems, according to new research from FICO. The predictive analytics company commissioned Omdia to poll 110 senior executives supporting financial crime-fighting efforts in banks across the US, UK, Brazil, Germany, the Nordics and Canada. In the UK, the vast majority (79%) of respondents cited remote workin...

Accenture Acquires Core Compete Accenture has acquired Core Compete, a cloud analytics services firm headquartered in Durham, North Carolina, with additional offices in the UK and India. Core Compete enables digital transformations with cloud-native solutions that deliver artificial intelligence (AI) and machine learning-infused business outcomes, to serve a diverse client base across the US and UK, with particular focus on supply chain, retail and financial services. Terms of the transaction were not disclosed.  Founded in 2012, Core Compete’s team of more than 260 professionals will join...