Banks have been warned to prepare for a new wave of more sophisticated fraud attacks from organised criminals. Fraudsters will start developing more sophisticated attacks as they move on from simple phishing frauds, according to John Meakin, group head of information security at Standard Chartered Bank. Speaking at the Financial Services IT Summit in London he said: “We don’t have a monopoly on the security expertise – the thing about organised crime is that they have the money and the leverage. Full Story
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