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Banks and financial institutions are experimenting with AI technology to tackle the multi-trillion-pound problem of money laundering, thereby hitting the traditional funding sources of major criminal gangs. Money Laundering Money laundering is the process of concealing the origins of illegally obtained money by passing it through legitimate business or a sequence of banking transfers. According to…
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Security experts are warning companies with a Magento e-commerce site to make sure that it has the latest security patch and updates in order to avoid the risk of card skimming attacks. Magento Magento, originally developed by Varien Inc (now owned by Adobe) is a leading open-source, enterprise-class e-commerce platform written in PHP. Security concerns…
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In an attempt to be more transparent and give more control to its users, Facebook is about to roll-out a new “Why am I seeing this post?” tool, which will give users insights into their newsfeed algorithm. Algorithm Explained The new tool essentially goes some way to explaining how the algorithm that decides what appears…
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Research teams at Ca’ Foscari University of Venice and Tu Wien in Austria have discovered security vulnerabilities in the TLS browser encryption defence system of 5.5% of 10,000 HTTPS sites which could leave website visitors vulnerable to attack. What Is TLS? Transport Layer Security (TLS) is one of the two security protocols (the other is SSL)…
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After espionage chiefs from the ‘Five Eyes’ agreed last July that they would try to contain the global growth of Chinese telecom Huawei (over fears that it was spying for China), a new report from the Huawei Cybersecurity Evaluation Centre (HCSEC) says that the company is still not fixing previously identified security problems. Summary –…
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If you’d like to see what data your phone has been collecting about your movements here’s how: For iPhone: You can see what Apple refers to as your ‘Significant Locations’ by going to: Settings > Privacy > Location Services > Scroll down and select System Services > Significant Locations. You will need to prove it’s…
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Facebook is reported to be developing its own blockchain-based cryptocurrency that will enable its users to have a PayPal-like experience when purchasing advertised products, as well as providing authentication and an audit trail. What Is Blockchain? Blockchain’s Co-Founder Nic Carey describes blockchain as being like “a big spreadsheet in the cloud that anyone can use, but…
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The recent £35 billion takeover of Worldpay by US company FIS has boosted the share value of other European payments technology companies including Worldline, Ingenico and Wirecard. Worldpay Worldpay, formerly known as Streamline, was set up as a subsidiary of NatWest bank back in 1989. It was then bought by RBS in 2002 and re-christened…
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Microsoft is testing an in-browser ‘sandbox’ security extension for Chrome and Firefox that lets users access untrusted pages, safely. Windows Defender Application Guard The new browser extension, Windows Defender Application Guard, is already part of Microsoft’s Edge browser and will be rolled out as part of the next Windows 10 update ‘April 2019’ or 19H1…
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It was back in March 1989, 30 years ago, that the World Wide Web as we know it was created by a computer scientist at the CERN particle physics lab near Geneva, Sir Tim Berners-Lee. From Proposal To Reality Sir Tim Berners-Lee wrote a proposal in March 1989, entitled “Information Management: A Proposal” which was based…
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