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Risk management and fraud news from around the web: May 23 – 27, 2022

Written on May 27, 2022

Modern bank heists 5.0: The escalation from dwell to destruction 
There has been a fundamental restructuring of cybercrime cartels thanks to a booming dark web economy of scale. Cybercrime cartels are more organized than ever before and enjoy greater protection and resources from the nation-states that view them as national assets. 

What does the future hold for blockchain within third-party risk management? 
Big data, AI, robotic process automation and machine learning are just some of the technologies compliance teams are using to rise to the challenge. But there’s another much-feted kid on the block that’s causing quite a stir: blockchain. Here we ask: Is compliance one of the industries that will benefit?  

5 cybersecurity spending areas to evaluate 
As computing environments change and bad actors switch tactics, most organizations will need to increase or redirect their investment in cybersecurity. There are five areas in which companies should be shoring up their defenses and analyzing expenditures. 

The impact of the SEC’s proposed new rules in cyber risk management 
The SEC has announced a consultation process for how listed U.S. companies need to manage their cyber risk. The SEC consultation process aims to help develop a cyber risk management regulatory framework that is effective, practical and valuable to investors, companies and the broader market.