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New UK Fraud Industry Body Will Highlight the Cost of Fraud

PKF Littlejohn and Experian to revive the government’s fraud cost estimate.  UK’s only indicator on the total cost of fraud to be launched this year.  A new industry body has been set up to highlight the cost of fraud to UK businesses, charities and the public. The UK Fraud Cost Measurement Committee will seek to revive and enhance the government’s previous Annual ... Read More »

Data Breaches Could Cost UK Businesses 20bn Pounds

New regulations will significantly raise reporting and financial stakes for companies.  Two thirds of customers affected say they would cease doing business with an affected organization.  New figures reveal that mid-sized and large businesses could be in line for fines totalling £20bn if they fail to protect their customers from data breaches.  Companies that suffer a breach could face serious ... Read More »

Cyber Security Breaches on the Increase in the UK

PWC have been commissioned by the Department for Business, Innovation and Skills (BIS) to survey companies across the UK on cyber security incidents and emerging trends. This survey aimed to provide greater awareness amongst UK business of the risks, insights on how companies are mitigating those risks (or not) and key trends. The survey results can also provide companies with ... Read More »

Financial Services Firms Stare into the Abyss as Data Breaches Rocket

According to a Freedom of Information request by Egress Software Technologies, the UK Information Commissioner’s Office notched up 791 breaches in this sector between 2012 and 2014, including 585 in 2014 alone. The company has clarified that not all of these were security-related – the figure for data security issues was 158: Institutions reporting breaches in these years included Barclays, HSBC, ... Read More »

UK Claims Portal retains CRIF as Tech Partner

Claims Portal Limited has concluded its tender process for the development and hosting of the Claims Portal (claimsportal.org.uk). In May the Claims Portal Board collectively approved of retaining CRIF Decision Solutions (CRIF) as its technology partner, rather than make an award under the tender. The Claims Portal has been supported by CRIF since its inception in 2010 under a five ... Read More »

Thomson Reuters Partners with NGOs to Fight Human Trafficking

Powerful data analytics will enable companies to identify sources of labor in their supply chains and avoid risk of involvement in exploitation Thomson Reuters announced new partnerships with two of the world’s premier anti-slavery organizations to turn the power of data analytics onto corrupt labor brokers and people traffickers.  Companies and financial institutions can become unwitting participants in slavery due ... Read More »

Linking Data is the Biggest Challenge for Global Marketers

Annual global research identifies linkage, technology and organizational structure as the three key challenges in digital marketing Digital marketers are facing an on-going battle getting to grips with the huge amounts of data they have to work with. The biggest hurdles and key priorities for marketers this year are dependent on having accurate, enriched data, linked together in a central location ... Read More »

Creditsafe Launches Debt Chaser and Debt Collection

Recovering debts made easy Creditsafe, the business intelligence experts, has announced that it has included two useful services for subscribers to its online platform: Debt Chaser and Debt Collection. It has developed the services in response to customer demand for additional services that can be used as part of the overall customer credit and debt management process. Creditsafe Debt Chaser ... Read More »

Arachnys Launches Brazil Country Audit

A practical guide to Brazil’s data and regulatory landscape As regulators demand greater sophistication from AML and compliance operations, global institutions are having to up-skill their teams and develop strategies to keep on top of developing regulatory and data landscapes. While many companies are able to build diverse teams of country specialists resembling a ‘mini United Nations’ within compliance departments, ... Read More »

Callcredit Launches DeviceRisk to Protect Customer Enrolments

Callcredit Information Group has launched DeviceRisk which will be immediately available via its flagship Fraud and ID solution, CallValidate.  Powered by the risk solution from anti-fraud company iovation, DeviceRisk captures information relating to the device used by a consumer during any interaction and returns critical information in real time to highlight any risk associated to that specific device. Devices such ... Read More »

Arachnys Has Raised $ 3.5 million in New Funding

Compliance technology provider Arachnys has raised $3.5 million in funding from UK and US investors including Tom Glocer (ex CEO of Thomson Reuters) and existing investor Martlet, the corporate venture arm of UK aerospace company Marshall Group. The company has developed software that trawls 16,000 public and private sources of data to help banks and other large companies conduct their ... Read More »

Encompass Announces Product Enhancements

The Gazette – now integrated and available to search. This month we deliver a number of updates to Encompass, this blog entry focuses on two: content from The Gazette and Workspace Refresh. One important and unique element of the Encompass offering is the range of information valued by insolvency professionals that we offer in one place. Nominated by our Pre-Release ... Read More »

Data Distrust Pits Consumers against Business

Consumers around the world are actively sabotaging business success every day by deliberately providing the wrong information when asked for personal details, scuppering organisations’ growth plans. A new study by GBG, the leader in identity data intelligence solutions, shows consumers are fed up with being asked for their details, with two in three admitting to deliberately giving incorrect information because they ... Read More »

Thomson Reuters Reports Q1 2015 Revenues Up 2% at Constant Currency

First quarter 2015 revenues were US$ 3.044 bn down 3% due to the negative impact of foreign currency (5%) Revenues grew 2% on constant currency.  Revenues from ongoing businesses increased 2% (before currency) from the prior-year period driven by the Legal, Tax & Accounting and Intellectual Property & Science businesses, which grew 5% in aggregate (4% organically).  Adjusted EBITDA decreased ... Read More »