The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

Travel and Leisure Industry is at Peril of Facing Data Breach

Data Breach

The travel and leisure industry is already facing a difficult time right now, they do not need to make it to the grave headlines now. Famous brands like Expedia, booking.com, and hotels.com have become a victim of cyberattacks and data breach. The breach includes the booking information, names, addresses, numbers, and credit card information of the customers. 

It’s a well-known fact that credit card information is a goldmine for fraudsters and hackers. It is important for businesses to fill any loopholes or vulnerabilities in their systems and they should take measures to prevent any possibility of fraudulent activities. They must also take measures to avoid financial penalties that global regulators enforce. 

Ticketmaster has been fined around £1.25 million by the UK’s Information Commissioner’s office They were fined due to their inability to keep the customers’ personal data safe. Data hacking has led to compromising the customers’ credit card information. 

In order to remove the risk, technology is being used by various to verify the identities and remove the sensitive credit information from the system so there is no data to steal. 

This proves that technology has ensured that organizations are taking their data breach issues seriously. 

Related Posts

News

Argentina Proposes VASP Registry as Part of Updated AML Law

Argentina is preparing to update its AML and CTF law and has proposed to include a registry for v...

Argentina Proposes VASP Registry as Part of Updated AML Law Explore More

News

The Chinese central bank confirms digital Yuan mobile app trials

According to a statement, the People’s Bank of China (PBoC) conducts internal tests for the natio...

The Chinese central bank confirms digital Yuan mobile app trials Explore More

News

UK Issues Crypto Framework for ICOs, Stablecoins, Exchanges and Regulators

The report covers crucial aspects of crypto regulation, aiming to foster growth in the sector wit...

UK Issues Crypto Framework for ICOs, Stablecoins, Exchanges and Regulators Explore More

News

SEC Warns Wall Street to Enhance AML Systems

US regulatory authority, the Security and Exchange Commission (SEC), warns Wall Street brokers of...

SEC Warns Wall Street to Enhance AML Systems Explore More

News

Monetary Authority of Singapore (MAS) Fines Four Financial Institutions for Breaching AML Laws

A fine of S$3.8 million (Singapore dollar) was handed down by the Monetary Authority of Singapore...

Monetary Authority of Singapore (MAS) Fines Four Financial Institutions for Breaching AML Laws Explore More

News

UK’s financial system claims to survive Coronavirus hit

Britain’s banks inform investors that they are optimistic that their balance sheets are strong en...

UK’s financial system claims to survive Coronavirus hit Explore More

News

US Sanctions Russian Crypto Firm Over Ransomware Payments

Suex, a Russian crypto OTC broker, was involved in facilitating ransomware payments and has been ...

US Sanctions Russian Crypto Firm Over Ransomware Payments Explore More

News

New Guidelines for Workers Will Deter Fraud in Nigeria’s Financial Sector – Says ASSBIFI

As per the Association of Senior Staff of Banks, Insurance, and Financial Institutions (ASSBIFI),...

New Guidelines for Workers Will Deter Fraud in Nigeria’s Financial Sector – Says ASSBIFI Explore More

News

UK watchdogs launch ad-scam alert system to control online fraud

The United Kingdom Advertising Standards Authority (ASA) and the Internet Advertising Office (IAB...

UK watchdogs launch ad-scam alert system to control online fraud Explore More

News

China Announces Anti-foreign Sanctions Law

Under the new law, China has introduced countermeasures against senior managers and actual contro...

China Announces Anti-foreign Sanctions Law Explore More

News

Singapore: MAS Preparing Data Sharing Platforms to Combat FinCrime

The Monetary Authority of Singapore (MAS) is creating a digital platform named Cosmic that will a...

Singapore: MAS Preparing Data Sharing Platforms to Combat FinCrime Explore More

News

ECOWAS Partners with Interpol to Tackle Money Laundering

ECOWAS (Economic Community of West African States) partners with INTERPOL (International Criminal...

ECOWAS Partners with Interpol to Tackle Money Laundering Explore More

News

A Brussel Led Crackdown to be Held in Britain if EU Demands are not Met

MEPs have ordered Brussels to black-list the city of London if it does not comply with the EU’s D...

A Brussel Led Crackdown to be Held in Britain if EU Demands are not Met Explore More

News

COVID at EURO 2020 Reinforced the Need for Digital COVID Pass

With 2 infected players infiltrating the entire stadium, many are fearing the spread of COVID-19 ...

COVID at EURO 2020 Reinforced the Need for Digital COVID Pass Explore More

News

Turkey Remains on the FATF Gray List for AML Regulations Failures

Turkey’s government has failed to comply with Anti-Money Laundering (AML) and Counter-Financing T...

Turkey Remains on the FATF Gray List for AML Regulations Failures Explore More

News

Albania Fails to Take Strict AML/CFT Measures

According to MONEYVAL, Albania has failed to take the necessary steps to improve measures on figh...

Albania Fails to Take Strict AML/CFT Measures Explore More

News

Indian Brokers Under Investigation for Alleged Money Laundering and Identity Theft

Three of the most prominent brokers in the country have come under scrutiny from numerous regulat...

Indian Brokers Under Investigation for Alleged Money Laundering and Identity Theft Explore More

News

Malta Claps Back To Allegations Of “Lax Crypto Oversight”

A business unit within Malta’s Chamber of Commerce has shut down all accusations that state that ...

Malta Claps Back To Allegations Of “Lax Crypto Oversight” Explore More

News

“Money Mule Crimes Double in Cork, Students are an Easy Target”, Says the Police

According to police investigations, the number of money mule activities in Cork city has doubled ...

“Money Mule Crimes Double in Cork, Students are an Easy Target”, Says the Police Explore More

News

Anonymous Report Reveals Indian Indiscriminate Targeting Against NGOs

According to the shadow report, India has been indiscriminately targeting non-governmental organi...

Anonymous Report Reveals Indian Indiscriminate Targeting Against NGOs Explore More

News

Personal Privacy Concerns Raised over FinCEN’s Proposed Crypto Rules

The advocacy group in their latest comment has disregarded the proposed regulatory requirements b...

Personal Privacy Concerns Raised over FinCEN’s Proposed Crypto Rules Explore More

News

Tech Analysts Say Elgin Data Breach May Prove “Devastating” for Those Vulnerable to Identity Fraud

Technology experts raise questions about the lack of transparency of the municipality in dealing ...

Tech Analysts Say Elgin Data Breach May Prove “Devastating” for Those Vulnerable to Identity Fraud Explore More

News

Bitcoin scam exposes thousands to a data breach

Fraud websites have successfully stolen the personal records of a number of individuals from the ...

Bitcoin scam exposes thousands to a data breach Explore More

News

Major US Twitter accounts hacked in Bitcoin scam

Billionaires Elon Musk, Jeff Bezos, Barack Obama, Joe Biden and Bill Gates are among the many US ...

Major US Twitter accounts hacked in Bitcoin scam Explore More

News

EU Parliament Committee Backs MiCA Deal to Effectively Manage Crypto

The MiCA deal has been approved by the economic committee of the EU Parliament. The committee has...

EU Parliament Committee Backs MiCA Deal to Effectively Manage Crypto Explore More

News

FCA Declares £147m Fine on Credit Suisse for Due Diligence Failings

Credit Suisse was fined £147,190,200 for breaching FCA’s Principle 2 and 3 for Businesses as it f...

FCA Declares £147m Fine on Credit Suisse for Due Diligence Failings Explore More

News

AUSTRAC Sues Star Casino for Alleged Anti-Money Laundering Breaches

AUSTRAC has sued Star casino group with more civil penalties for doing business with ‘high-risk c...

AUSTRAC Sues Star Casino for Alleged Anti-Money Laundering Breaches Explore More

News

South Africa Earmarked R265 Million to Get Off FATF’s Greylist

Finance Minister Enoch Godongwana announced on Tuesday that allocating R265 Million is one of sev...

South Africa Earmarked R265 Million to Get Off FATF’s Greylist Explore More

News

Dutch Central Bank Strikes Coinbase with €3.3 Million Fine over Anti-Money Laundering Failings

The Dutch Central Bank (DeNederlandscheBank) has charged Coinbase for having ineffective anti-mon...

Dutch Central Bank Strikes Coinbase with €3.3 Million Fine over Anti-Money Laundering Failings Explore More

News

South Kesteven Council Strengthens AML Controls for Right to Buy Scheme

South Kesteven council tightened the anti-money laundering controls over questions raised by buye...

South Kesteven Council Strengthens AML Controls for Right to Buy Scheme Explore More

News

Silly Season Scams to Rise as AFP Forewarns Fake Delivery Texts

The Australian Federal Police (AFP) has warned of fake delivery texts. Scammers use legitimate-lo...

Silly Season Scams to Rise as AFP Forewarns Fake Delivery Texts Explore More

News

Croatian Finance Ministry Proposes New Bill to Combat Money Laundering

The Croatian Finance Ministry has introduced a new bill for state institutions to monitor the ban...

Croatian Finance Ministry Proposes New Bill to Combat Money Laundering Explore More

News

Expanding Fraud in Digital Space—Florida’s Government Raises Awareness

The Florida Department of Agriculture and Consumer Services issued a newsletter to alert people r...

Expanding Fraud in Digital Space—Florida’s Government Raises Awareness Explore More

News

Home Office Reveals 20% of UK Businesses are Affected by Fraud

An extensive survey of thousands of businesses between 2018 and 2022 determined that one in five ...

Home Office Reveals 20% of UK Businesses are Affected by Fraud Explore More

News

Leaked Draft: EU Plans to Ban Privacy Enhancing Crypto Coins

CoinDesk has received a leaked draft of the money laundering bill, disclosing plans of the Europe...

Leaked Draft: EU Plans to Ban Privacy Enhancing Crypto Coins Explore More

News

Binance Expands Footprint in Europe as it Acquires License to Operate in Sweden

The Swedish financial supervisory authority (FSA) allowed Binance to operate in the country, whic...

Binance Expands Footprint in Europe as it Acquires License to Operate in Sweden Explore More

News

Hong Kong further strengthens its Cryptocurrency regulations

Paul Chan, the Financial Secretary of Hong Kong, stated that the country was considering to stren...

Hong Kong further strengthens its Cryptocurrency regulations Explore More

News

UAE Regulatory Authority Enforces Import Invoice Verification to Fight Trade-Based Money Laundering

United Arab Emirates (UAE) has implemented the latest compliance regulations for importing commod...

UAE Regulatory Authority Enforces Import Invoice Verification to Fight Trade-Based Money Laundering Explore More

News

MENAFATF Adopts Abu Dhabi Recommendations to Counter Money Laundering and Terrorism Financing

An international group based on the FATF format, MENAFATF, has adopted the Abu Dhabi recommendati...

MENAFATF Adopts Abu Dhabi Recommendations to Counter Money Laundering and Terrorism Financing Explore More

News

Dubai Sets up Special Court to Tackle Money Laundering

The new court of law has been established to combat money laundering and related financial crimes...

Dubai Sets up Special Court to Tackle Money Laundering Explore More

News

$8.6bn Lost to Cryptocurrency-based Money Laundering in 2021

‘The 2022 Crypto Crime Report’ by Chainalysis has revealed that a total of $8.6 billion was lost ...

$8.6bn Lost to Cryptocurrency-based Money Laundering in 2021 Explore More

News

US Attorneys Probe into Binance Money Laundering Violations

US federal prosecutors have reportedly issued subpoenas to several hedge funds connected with Bin...

US Attorneys Probe into Binance Money Laundering Violations Explore More

News

With Rising Fintech Adoption, FI’s are Investing in AI for AML Compliance: Report

Reduced rates of false positives and the resulting decline in operational costs have caused an in...

With Rising Fintech Adoption, FI’s are Investing in AI for AML Compliance: Report Explore More

News

TRS Requires Trusts to Meet Anti-money Laundering and CTF Compliance.

As per the new UK government requirements, anti-money laundering and counter-terrorist financing ...

TRS Requires Trusts to Meet Anti-money Laundering and CTF Compliance. Explore More

News

‘Money Laundering risk is higher in banks in Mexico than crypto firms’, says FIU report

According to the new report generated by the country’s financial intelligence unit (FIU), the ban...

‘Money Laundering risk is higher in banks in Mexico than crypto firms’, says FIU report Explore More

News

‘EU Has Fragmented Approach to Combat FinCrime’, Says ECA

The European Court of Auditors (ECA) has identified weaknesses in the Anti-Money Laundering polic...

‘EU Has Fragmented Approach to Combat FinCrime’, Says ECA Explore More

News

FSA Japan Considers Imposing Stricter Regulation on Cryptocurrency

The updated regulation will be designed to provide better protection to Japanese investors. Accor...

FSA Japan Considers Imposing Stricter Regulation on Cryptocurrency Explore More

News

New Study by NIST Reveals Biases in Facial Recognition Technology

The National Institute of Standards and Technology (NIST) recently did a study on the effects of ...

New Study by NIST Reveals Biases in Facial Recognition Technology Explore More

News

Phase One of the Crypto Regulatory Framework in Switzerland Begins

As of today, phase one of the regulatory framework regarding the cryptocurrency and blockchain in...

Phase One of the Crypto Regulatory Framework in Switzerland Begins Explore More

News

EU Confirms its Firm Stance on All Digital Currencies

The EU has confirmed its firm stance on all the digital currencies until the associated risks hav...

EU Confirms its Firm Stance on All Digital Currencies Explore More

News

WHO Warns about Online Job Scams during COVID-19 Pandemic

A message shared on WhatsApp and Facebook claims that the World Health Organization (WHO) is adve...

WHO Warns about Online Job Scams during COVID-19 Pandemic Explore More

News

Pinterest Enhances Age Verification Measures to Protect Users Under 16

Pinterest reveals a new series of security features to make its platforms secure for teens. These...

Pinterest Enhances Age Verification Measures to Protect Users Under 16 Explore More

News

Ransomeware gang demands $42M or it releases Trumps ‘Dirty Laundry’

A ransomware gang stole about 1TB of legal secrets from the most important names in the entertain...

Ransomeware gang demands $42M or it releases Trumps ‘Dirty Laundry’ Explore More

News

US Attorney General Warns about the Identity Theft this Holiday Season

The Federal Trade Commission states that more than 650,000 citizens’ identities have been comprom...

US Attorney General Warns about the Identity Theft this Holiday Season Explore More

News

Cambodia’s Presence on The Global Watchdog’s Hit List is a Threat to Country’s Reputation- States Deputy PM

Due to the enhanced ratio of financial crimes and human trafficking in Cambodia, the deputy prime...

Cambodia’s Presence on The Global Watchdog’s Hit List is a Threat to Country’s Reputation- States Deputy PM Explore More

News

Blockchain officially becomes part of China’s tech strategy

According to the National Development and Reform Commission (NDRC), China will use Blockchain to ...

Blockchain officially becomes part of China’s tech strategy Explore More

News

IMF Joins Hands with Philippines on Wholesale CBDC Project

IMF has announced the collaboration with BSP (Bangko Sentral ng Pilipinas) for the development of...

IMF Joins Hands with Philippines on Wholesale CBDC Project Explore More

News

Deepfakes on TikTok raise new security concerns

Deepfakes have started showing up on the popular video app TikTok, owned by ByteDance, a Chinese ...

Deepfakes on TikTok raise new security concerns Explore More

News

Vietnam Enhances Anti-Money Laundering Laws to Prevent Financial Crimes

Vietnam regulatory departments are redefining their AML compliance measures to supervise cryptocu...

Vietnam Enhances Anti-Money Laundering Laws to Prevent Financial Crimes Explore More

News

Clubs to Adopt Digital Wallets as NSW Reveals Money Laundering Via Machines

The clubs in Australia are to adopt the digital wallet for poker machines as the regulators disco...

Clubs to Adopt Digital Wallets as NSW Reveals Money Laundering Via Machines Explore More

News

North Korean bankers charged in $2.5 billion money-laundering scheme

The US Department of Justice recently revealed criminal charges against about twenty-four North K...

North Korean bankers charged in $2.5 billion money-laundering scheme Explore More

News

Pakistan Launches Contactless Biometric Verification for Banking

Pakistan has become one of the first countries in the world to implement biometric verification t...

Pakistan Launches Contactless Biometric Verification for Banking Explore More

News

Abu Dhabi Regulatory Authority Fines Pyypl $486,000 for Violating Money Laundering Laws

Abu Dhabi Global Market (ADGM) financial regulatory authority fined $486,000 to digital UAE bank ...

Abu Dhabi Regulatory Authority Fines Pyypl $486,000 for Violating Money Laundering Laws Explore More

News

Pakistan’s State Bank unveils new AML/CFT regulations for Forex Firms

State Bank of Pakistan on Tuesday amended Anti-money laundering (AML) and Counter Financing of te...

Pakistan’s State Bank unveils new AML/CFT regulations for Forex Firms Explore More

News

The market for Digital Identity Solutions expected to double by 2024

The market for Digital Identity Solutions is predicted to double between 2019 and 2024, as report...

The market for Digital Identity Solutions expected to double by 2024 Explore More

News

Hong Kong to Implement Background Checks for Accounting Students

Police will carry out a detailed background check of the students that plan on pursuing accountin...

Hong Kong to Implement Background Checks for Accounting Students Explore More

News

South Africa Introduces Biometric Child Registration To Stop ID Theft

The Department of Home Affairs (DHA) in South Africa recently introduced a new method of biometri...

South Africa Introduces Biometric Child Registration To Stop ID Theft Explore More

News

Regulators in Hong Kong Urge Banks to Accept Cryptocurrencies

Hong Kong banks are worried about regulatory repercussions for their crypto clients if money laun...

Regulators in Hong Kong Urge Banks to Accept Cryptocurrencies Explore More

News

UK Amends Corporate Act to Combat Economic Crimes

The UK government reformed the Economic Crime and Corporate Transparency Act to expand regulation...

UK Amends Corporate Act to Combat Economic Crimes Explore More

News

The UK’s largest mobile operator EE has announced its Digital Identity platform

EE, the UK’s largest mobile operator has announced its new Digital Identity platform to protect c...

The UK’s largest mobile operator EE has announced its Digital Identity platform Explore More

News

French Magazine XXI to Reveal ICIJ’s Take on Tax Havens

In an interview with ICIJ, XXI editor David Servenay says that the offshore world is more powerfu...

French Magazine XXI to Reveal ICIJ’s Take on Tax Havens Explore More

News

UKGC imposed EUR 3.8 Million Fine on Genesis Global for Social Responsibility and Money Laundering Violations

After the two-year investigation, the United Kingdom Gambling Commission (UKGC) imposed EUR 3.8 m...

UKGC imposed EUR 3.8 Million Fine on Genesis Global for Social Responsibility and Money Laundering Violations Explore More

Take the next steps to better security.

Contact us

Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

Contact us

Request demo

Get free access to our platform and try our products today.

Get started