Metro Bank fined £5.4m for regulatory reporting failings
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.
The ongoing rise of RegTech
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.
Belgian government suffers second damaging cyberattack of 2021
The Belgian defence ministry has been hit by a cyberattack after threat actors exploited the Log4Shell vulnerability.
Security automation firm ContraForce inks $2m seed
No-code security automation company for SMEs ContraForce has raised $2m from a seed funding round.
PlainID secures $75m from Insight Partners-led Series C
Cybersecurity firm PlainID has raised $75m from a Series C funding haul headed by US VC and private equity company Insight Partners.
Acuminor unveils updated ThreatView platform
Financial crime prevention firm Acuminor has updated its ThreatView platform to bolster its financial crime support offering.
Why 2021 was a red-letter year for RegTech
After a tough 2020, the world looked to 2021 with the optimism of a new beginning and hoped for respite from the Covid-19 pandemic. While the pandemic still looms large, businesses globally are learning how to operate in this new normal. With in-person interactions still a stretch for many, RegTech solutions are being given their time to shine.
FinCEN eyes modernised regulatory regime for AML/CFT in the US
The Financial Crimes Enforcement Network (FinCEN) has issued a consultation that is seeking comments on ways to modernise, streamline and update the US AML/CFT regulatory regime.
Young and old people found to be most prone to falling victim to phishing
A large-scale phishing study by ETH Zurich has found that the youngest and oldest people are most likely to click on phishing links.
ZeroFox to go public, joins forces with IDX for cybersecurity
Cybersecurity firm ZeroFox has entered into an agreement with special purpose acquisition company (SPAC) L&F Acquisition Corp to become a publicly traded company and will also acquire digital privacy company IDX.
