Financial Crime/Fraud Prevention

RegTech firm PassFort and identity verification company Trulioo have partnered to offer regulated businesses a way to digitally transform their KYC and KYB processes.

Google Cloud has acquired security orchestration, automation and response (SOAR) provider Siemplify in a $500m deal.

Anti-bot and fraud detection company Human Security has concluded a $100m funding round led by WestCap.

As another challenging year comes to an end, the task for organisations to remain compliant in new working environments is still ongoing. Despite firm efforts by many to avoid penalties, some institutions were unable to duck fines last year. Here are the top five compliance failure fines from the year of 2021.

With the last two years witnessing a vast global move online due to Covid-19 restrictions, cybersecurity is rapidly climbing up the agenda of important priorities for companies. Going into 2022, will we see cybersecurity become a more important priority than ever?

Santander is attempting to regain £130m after the bank sent out payments by accident to 75,000 accounts on Christmas Day.

A report by Group-IB has found threat actors are making $80m a month by impersonating known brands asking people to participate in phoney surveys and giveaways.

The Prudential Regulation Authority (PRA) has slapped Metro Bank with a fine of £5,376,000 for deficiencies related to the governance and controls of its regulatory reporting.

A recent blogpost by PassFort has summarised what is driving the increased adoption of RegTech solutions and what trends the industry may see in 2022.

The Belgian defence ministry has been hit by a cyberattack after threat actors exploited the Log4Shell vulnerability.