In the wake of a Florida crackdown on cashless gambling operations, some large banks have begun reviewing their relationships with Internet sweepstakes parlors, say compliance officers.
A White House executive order calling for tighter national cybersecurity could result in substantially increased costs for financial institutions and other companies, the head of an Internet trade group said Wednesday.
If you detect even one case of cybercrime at your bank, it's likely that you've only begun to uncover a larger cyberattack, according to panelists at an anti-money laundering conference.
Internet businesses that allow individuals to move money rapidly and with relative anonymity are likely to be exploited by traditional and trade-based money launderers, according to a report issued by the Paris-based Financial Action Task Force.
Russian police have charged three men with being members of a gang that allegedly extorted money from British online gambling companies by overwhelming their computers with huge amounts of e-mail and demanding money to relent.
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