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On July 19, 2024, cybersecurity giant CrowdStrike issued a routine software update. However, this time things went terribly wrong. The update, which was meant to enhance security, ended up causing major disruptions across industries worldwide. The faulty software quickly wreaked havoc on IT systems reliant on Microsoft’s operating system, with insurance firm Parametrix estimating $5.4bn in damages were done to Fortune 500 companies alone. Jeff Heine, Chief Revenue Officer of Novidea delved into why this calamity underscores the need for modern, sophisticated insurance management systems.

Why the CrowdStrike outage highlights a need for modern insurance management systems

On July 19, 2024, cybersecurity giant CrowdStrike issued a routine software update. However, this time things went terribly wrong. The update, which was meant to enhance...

Flagright welcomes First Digital as customer to enhance AML FinTech compliance

RegTech firm Flagright has welcomed First Digital Trust, known as First Digital, as its newest customer. 
PO Security

P0 Security secures $15m investment for pioneering cloud governance solution

P0 Security, a pioneer in cloud identity security, has recently secured $15m in a Series A funding round.
Darkhive

Darkhive raises $21m in Series A for advanced UAS security solutions

Darkhive, a trailblazer in defense technology, has announced the close of a $21m Series A funding round spearheaded by Ten Eleven Ventures.

Galileo introduces GIVE and GScore to enhance real-time fraud prevention

Galileo Financial Technologies, a subsidiary of SoFi Technologies, has introduced Galileo Instant Verification Engine (GIVE) and Transaction Risk GScore, coming as a response to the increasing need for advanced security measures in financial transactions.
Revolutionizing developer security: Arcjet secures $3.6m led by Andreessen Horowitz

Arcjet seucres $3.6m in seed funding

Arcjet, a trailblazer in developer security solutions, has successfully closed a seed funding round of $3.6m.

FCA introduces interim guidelines for sustainable investment marketing

The FCA has unveiled a set of temporary measures for firms involved in sustainable investment, part of their broader SDR and investment labels regime.
Venminder

Ncontracts expands third-party risk solutions with acquisition of Venminder

Ncontracts, a provider of integrated compliance, risk, and vendor management solutions, has acquired Venminder, a third-party risk management platform.
Absolute

Absolute Security boosts cyber resilience with Syxsense acquisition

Absolute Security has expanded its capabilities by acquiring Syxsense, a noted innovator in automated endpoint and vulnerability management.
Quod Orbis and Archer forge partnership to revolutionise risk management strategies

Quod Orbis and Archer forge partnership to revolutionise risk management strategies

Quod Orbis, a Continuous Controls Monitoring (CCM) firm based in London, has announced a strategic partnership with Archer, a global pioneer in integrated risk management.

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