Cyber insurance market to exceed $20bn value by 2025, report finds
A report by GlobalData has found the cyber insurance industry is predicted to exceed a $20bn gross written premium (GWP) value by 2025.
r2c reels in $27m to scale its security-focused code analysis service
r2c, a startup building a SaaS service around the Semgrep open-source project, secured $27m in Series B funding, led by Felicis Ventures with participation from previous investors Redpoint Ventures and Sequoia Capital.
Signicat bolsters RegTech footprint with Electronic IDentification acquisition
Norwegian digital identity firm Signicat has purchased identity software specialist Electronic IDentification (eID) for an undisclosed fee.
Blockpit nets $10m to support international expansion of crypto tax reporting service
Blockpit, which offers tax reporting and portfolio tracking services for cryptocurrency, has scored $10m in its Series A.
Deep Instinct bags an additional $67m in an extension to its Series D
Cybersecurity company Deep Instinct has secured an $67m investment from Chrysalis Investments as an extension to its Series D, which closed on $100m just months ago.
Moneyhub said to close $18m funding round to aid expansion efforts
Open finance hub Moneyhub has reportedly collected $18m in a funding round to support its expansion into new markets.
KYC Portal deploys technology into ARIE Finance to accelerate onboarding
KYC Portal has deployed its compliance tools into ARIE Finance to accelerate the onboarding of corporate clients, whilst meeting global regulatory compliance.
US will act on cybercriminals if Russia doesn’t, White House Press Secretary warns
US White House Press Secretary Jen Psaki has warned the Russian government that the US will take action against cybercriminal groups if the Russian government fails to do so.
Regulatory trio unveil plan to bolster diversity and inclusion in financial services
The Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA) and the Bank of England (BofE) has launched a paper aiming to boost diversity and inclusion in finance.
Financial consortium calls for new social, environmental reporting rules for banks
A financial group has called for the adoption of impact-reporting standards that account for social and environmental factors to speed up a sustainable transition for banks.
