Barclays Faces $7.5 Million Bill as IT Problems Mount in the Banking Sector
2 months ago
In a significant development, Barclays Bank has found itself grappling with a costly IT issue that has resulted in a hefty $7.5 million bill. This predicament adds to the growing list of technological challenges that have beset financial institutions in recent months, bringing to light the vulnerabilities within the banking sector's infrastructure.
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UK's Ambitious Fraud Detection System Stumbles with Just 10 Cases Handled Since Launch
2 months ago
In a significant misstep for the UK government's efforts to combat fraud, the newly launched flagship fraud detection system has reportedly managed to process a mere ten cases since its debut. This alarming statistic raises questions about the effectiveness and implementation of a technology intended to mitigate financial crime across the nation.
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