Security and fraud detection trends to watch out for in 2022
In an age where more and more people are moving online spurred by pandemic restrictions, the importance of security and fraud detection in expanding dramatically.
Europol to delete data not crime-related following EU watchdog demand
Europol has been ordered by the European Data Protection Supervisor (EDPS) to remove any information related to people with no link to crime.
Starling pulls advertising on Facebook and Instagram for fraud concerns
Starling Bank has pulled all of its paid advertising on Facebook and Instagram due to concerns regarding fraudsters on the platforms.
France whacks Google and Facebook with $210m in fines
France’s data privacy and protection body has slapped Facebook with a €60m fine and Google with a €150m penalty following misdemeanours around internet cookies.
NCSC and DoS unveil guidance on surveillance tool attacks
The US National Counterintelligence and Security Center and the Department of state have issued guidance on protecting against attacks that use commercial surveillance tools.
Cost of fraud for US, Canadian banks increases up to 10%
The cost of fraud in the US has increased by between 6.7% and 9.9% compared with before the pandemic, LexisNexis Risk Solutions report claims.
Cryptocurrency-based crime reached a new high in 2021
A report by Chainalysis has found illicit addresses received $14bn in deposits during 2021, which was almost twice the amount they collected in 2020.
Deutsche Bank slapped with €8.6m fine for Euribor control deficiencies
Deutsche Bank has been fined €8.6m by BaFin due to weaknesses relating to controls of Euribor, the Euro Interbank Offered Rate benchmark used in the financial industry.
iProov secures $70m backing from Sumeru Equity Partners
Biometric face authentication company iProov has landed $70m in growth investment from Silicon Valley-based Sumeru Equity Partners.
Security intelligence firm Recorded Future snaps up SecurityTrails
Recorded Future, the largest global provider of intelligence for enterprise security, has acquired attack surface monitoring provider SecurityTrails for an undisclosed fee.