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Financial Crime/Fraud Prevention

UK’s CMA warns Monzo over banking order breach

The UK’s Competition and Markets Authority (CMA) has warned Monzo over a breach of retail banking regulations.

FCC revokes Chinese telecom provider licence due to security risks

The Federal Communications Commission (FCC) has revoked China Unicom Americas’ licence due to ‘serious national security concerns’.

Americans lost $770m from social media scams in 2021

Reports received by the Federal Trade Commission have found US citizens were scammed to the tune of $770m through social media cons during 2021.

industry-first data risk intelligence NVISIONx closes seed

NVISIONx, which claims to be one an industry-first data risk intelligence platform, has raised $4.6m in seed funding.

Why ironclad security is vital for any financial super app

In an age where the proliferation of financial mobile applications in increasing on a huge scale, the rise of financial ‘super apps’ may seem the logical conclusion of such a rise.

HackerOne snares $49m in Series E financing raise

Hacker-directed bug bounty platform HackerOne secured $49m from a Series E funding round headed by GP Bullhound.

Cybersecurity firm Portnox snaps up $22m Series A

Endpoint security solution provider Portnox has bagged $22m from a Series A round of growth financing.

US unveils federal zero trust strategy to solidify cybersecurity standards

The White House has released its federal zero trust strategy, which will require agencies to meet certain cybersecurity standards and objectives by the end of fiscal 2024.

Crypto money laundering activity hits $8.5bn in 2021

The total cryptocurrency value in money laundering activity reached $8.5bn in 2021, a 30% increase on the previous year, according to a report from Chainalysis.

Supply chain security firm Scribe bags $7m seed funding

Software supply chain security company Scribe Security has raised $7m from a seed funding round headed by Elron Ventures.

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