Telegraph (22/11/17) – Taking on the money launderers

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Great to have a full page in yesterday’s Telegraph Business Section on money laundering. It’s such a massive topic at the moment and such a huge problem around the world – but especially in the UK because of its reputation as a financial services centre.

Although money laundering has been around since the beginning of time, it’s now estimated to cost the UK government a whopping £80 billion a year in lost revenue – obviously money that could be spent on hospitals and schools.

While technology, especially cryptocurrencies like Bitcoin, may be helping money launderers hide their ill gotten gains, it’s also helping banks and governments spot suspicious transactions more easily using artificial intelligence/machine learning.

In this article I interview BAE Systems’ Rob Horton about how they are helping financial institutions to take a more proactive approach to detecting money laundering in their organisations.

You can read the full article by clicking on the link below:

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Daily Telegraph: Companies need to be more active in dealing with cyber security threat

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Too many companies take a compliance based view when it comes to IT. Rather than dealing with the potential cyber security threat, they are more concerned with putting in controls to protect their assets.

This needs to change, James Hatch, Director, Cyber Services, BAE Systems Applied Intelligence told me in a recent interview for The Daily Telegraph. He says that businesses, especially large businesses, need people in place who think more like attackers and the potential damage they could cause.

“We are still dealing with the same problem of how to protect the things we value in life,” he reckons. “People still want to want to steal from us, copy from us or disrupt our lifestyles; it’s just that technology has enabled them to do it more easily at scale.”

You can read the full interview here