Companies

Elon Musk will face a $258bn lawsuit from an investor of the Dogecoin cryptocurrency for defrauding him through a ‘crypto pyramid scheme’.

The Bank of International Settlements (BIS) Innovation Hub has announced new projects across its various centers spanning cybersecurity and green finance amongst others.

The European Banking Authority (EBA) has issued guidelines for the roles and responsibilities of anti-money laundering and countering the financing of terrorism (AML/CTF) compliance officers.

Interpol has conducted a global sweep of over 1,770 call centers suspected of telecommunications and email scams that has resulted in over 2,000 arrests.

The Financial Conduct Authority (FCA) has asked lenders to help consumers deal with the cost-of-living crisis as consumers continue to bear the brunt.

Founded in 2015 and spun out of ETH’s Laboratory for Software Technology, xorlab harnesses machine intelligence to defend organizations against never-been-seen-before cyber threats in email, and soon also in other services like Slack, Teams or Confluence. Its software understands human communication behavior and relationships to uncover even the most sophisticated attacks.

Data breaches are becoming increasingly costly. In 2021, the cost of a data breach reached $4.24m, up from $3.86m, according to data by IBM.

Sustainability ratings business EcoVadis has raised $500m in a funding round, which makes it the latest sustainability impact unicorn.

In an increasingly digital and connected world, the need to stay alert to new challenges has never been clearer.  

RegTech solution provider Regnology has acquired Tax Information Reporting (TIR) software from PwC UK.