by Paul White

There’s much that divides our industry. We’re competitors. We’re customers and providers. We’re based across the country. We’re businesses of different sizes. We’re leaders and followers. But there’s one powerful emotion that unites us all: worry. Like Atlas, we have the weight of the world on our shoulders. Although in the case of trust and corporate services, it’s the weight of regulations and the worry that we’ll fall foul of them. Which can lead to fines, client loss, reputational damage and even personal liability.   Continue reading…

by Nadir Izrael

The 2024 Paris Olympics promises to be a spectacle of athletic prowess and global unity. Millions of fans will travel to France or be glued to their screens to witness the Olympics this Summer. In fact, it’s expected that one billion people around the world1 will watch the opening ceremony alone. Despite the excitement, however, a growing threat to the Games lurks in the shadows: cyberwarfare. It’s a growing fear of many, with 53% of global IT decision-makers2 concerned about its impact. In the context of the Olympics, the director general of ANSSI, France’s cybersecurity agency3, believes, “The Games are facing an unprecedented level of threat.” A large part of that threat is cyberwarfare. Continue reading…

With support provided via the Western Balkans Criminal Justice Project, hosted by Eurojust, an alleged large-scale coin forger has been arrested in Kosovo*. The arrested person is an employee of the North-Macedonian Ministry of the Interior and is suspected of producing around 2 million fake EUR 2 coins, which were about to be circulated into the Kosovar economy. Continue reading…

Armis, the asset intelligence cybersecurity company, announced on 6 August that it has surpassed $200m in annual recurring revenue (ARR) doubling its ARR in less than 18 months and making it one of just a few companies that have achieved this rapid scale, not just in the cyber security market, but of any SaaS company worldwide. Continue reading…

Investigations into corruption, trading and the influencing and bribery of foreign public officials have led to 15 searches across France, Spain and the Netherlands. A multinational company is being investigated for possible corruption and money laundering involving civilian and military equipment. French authorities have started multiple investigations into the company. 

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The European Central Bank (ECB) and the European Banking Authority (EBA) has on 1 August published a joint report on payment fraud. The report assesses payment fraud data reported semi-annually by payment service providers across the European Economic Area (EEA) for a variety of payment instruments, such as credit transfers and card payments. Continue reading…

On 1 August, the European Artificial Intelligence Act (AI Act), the world’s first comprehensive regulation on artificial intelligence, entered into force. The AI Act is designed to ensure that AI developed and used in the EU is trustworthy, with safeguards to protect people’s fundamental rights. The regulation aims to establish a harmonised internal market for AI in the EU, encouraging the uptake of this technology and creating a supportive environment for innovation and investment. Continue reading…

The European Commission has approved, under EU State aid rules, a €2 billion Dutch measure to support the PALLAS project aimed at producing medical radioisotopes for cancer diagnosis and treatment. The measure contributes to ensuring security of supply of essential and live-saving medicines in line with the Pharmaceutical Strategy for Europe. Continue reading…

by Marie-Christine Diaz

Following a global trend, the EU’s Instant Payments Regulation mandates the adoption of instant payments in Euros across the entire region within the next two years1.This ambitious initiative promises instant and irrevocable money transfers and greater convenience for consumers and businesses on a 365/24/7 basis. Yet, these lightning-fast payments also create a critical challenge for financial institutions (FIs): outpacing fraudsters in a fraud sophistication race. Continue reading…

The Regional Court of Bamberg in Germany has sentenced fifteen members of a Dutch led organised crime group (OCG) that robbed a series of Automatic Teller Machines (ATMs) in Germany, causing massive damage. The OCG members have been served prison sentences of between one year and nine months and five years and eleven months for a series of violent robberies in southern Germany. Eurojust coordinated the investigations and judicial cooperation between the German and Dutch authorities. Continue reading…