Intelligent CISO Issue 77 | Page 10

London Heathrow transforms airport operations with Genetec
Fraudulent banking transactions in the UK to total 38 million over next five years

CISO news

London Heathrow transforms airport operations with Genetec

eathrow Airport ’ s multi-year investment in Genetec solutions

H is enabling it to continuously innovate and transform operations .

The partnership provides Heathrow with a unified view across large-scale airport operations to secure people and assets , bringing efficiency and enhancing the passenger experience while ensuring data privacy and cybersecurity compliance .
London Heathrow is Europe ’ s busiest airport , handling approximately 80 million passengers and 14 million tons of goods annually . Over 76,000 employees work around the clock to ensure the airport ’ s smooth operations across its 1,227-hectare site , including maintaining passenger flow , securing the premises , and managing over 1,300 daily take-offs and landings for 89 different airlines .
Heathrow initially deployed Genetec Security Center to bring all of its IP security systems onto one unified platform . What began as a 2,000-camera deployment in 2016 has since more than quadrupled in size , incorporating everything from video and access control to LIDAR , analytics and automatic license plate recognition ( ALPR ).
Genetec solutions are used to monitor over 150 km ( 93 miles ) of baggage belts and facilitate the daily entry and exit of over 150,000 vehicles .
“ The joy of working with London Heathrow is that the team is constantly striving to put our system through its paces and identify new areas where it can add value ,” said Simon Barnes , Director of Business Development , Genetec .

Fraudulent banking transactions in the UK to total 38 million over next five years

new study from Juniper Research has found the number of fraudulent banking and money transfer transactions in the

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UK will increase 111 % over the next five years – from 4.2 million in 2024 , to 8.8 million in 2029 .
The research also identified data sharing between stakeholders in the payments landscape as vital to maximising the value of FDP solutions , especially within faster payments where real-time fraud detection will be key .
Despite the UK being one of the most technologically developed FDP ( Fraud Detection & Prevention ) markets , it anticipates additional measures , such as AI-based real-time FDP , will be required to mitigate the growing threat of fraud .
Report author Cara Malone explained : “ The plethora of data collected throughout the payments processes will be utilised to develop several different FDP tools , ranging from behavioural biometrics to identification .”
The research predicts the UK ’ s upcoming PSR ( Payment Systems Regulator ) reimbursement regulation will significantly impact fintechs ’ adoption of FDP solutions .
The regulation aims to reduce fast-growing APP ( Authorised Push Payment ) fraud ; the act of fraudsters tricking their victims into willingly making large bank transfers . However , increasing concerns surround the regulation ’ s impact on faster payments ; potentially slowing them to ensure APPs are legitimate .
Therefore , AI needs to be implemented into FDP systems to enable financial institutions to quickly identify APP fraud without diminishing the value of faster payments .
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