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Recent Editions
Risk Channel
North America
The attempted attack aboard FlyDubai Flight 1073 has exposed apparent failures in aviation security and intelligence-sharing across Oman, the UAE and Israel. Co-pilot Hamam al-Hammami had previously been barred from flying by Oman Air after authorities became concerned about his interest in extremist ideology, yet those concerns were not widely shared. FlyDubai later hired him without contacting Oman to verify his record and assigned him repeatedly to Tel Aviv, despite restrictions affecting Omani nationals. Captain Smit Machchhar said Hammami attacked him with an emergency axe before passengers helped subdue him and recover the aircraft from a dive. Aviation security specialist Matthew Borie said there were “multiple levels of failure” before airport screening even became relevant. Investigations are examining hiring, vetting and information-sharing procedures.
Full Issue
Risk Channel
UK/Europe
New research by FICO has warned that financial institutions across EMEA are facing increasingly sophisticated fraud as criminals adopt generative and agentic AI for social engineering, synthetic identities and deepfake-enabled attacks. Among surveyed fraud, risk and technology professionals, 52% of EMEA institutions identified growing fraud complexity as their leading prevention challenge, while 48% highlighted effective AI integration. More than a third said fraud attempts had risen by over 25% in two years, while 51% reported false-positive rates above 15%. FICO’s Adam Davies said: “The next 24 months will be defined by orchestration, not by any single piece of technology.” FICO recommends moving AI from pilots into production, connecting models and intelligence sources across organisations, prioritising investments according to risk and financial impact, and treating fraud prevention and customer experience as interconnected.
Full Issue