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Financial Crime/Fraud Prevention

Cyber black hole in US property insurance market could trigger over £12bn in losses

A study by CyberCube, AM Best and Aon has found a hidden cyber risk in the US property insurance market could trigger over $12.5bn in losses for the industry.

Appetite for biometric payment cards growing in France

A survey by biometrics company Fingerprints has found there is a growing desire amongst French consumers for biometric payment cards.

Iran-linked hackers found to have targeted US, Israeli maritime and defence firms

Microsoft have shared hackers sympathetic to Iranian national interests have been targeting US and Israeli defence technology and global maritime businesses.

NatWest could face £340m fine following money laundering neglect

NatWest has pleaded guilty to money laundering failings amounting to £365m from UK-based jeweller Fowler Oldfield.

Contractors who fail to report breaches can be sued under new US DOJ initiative

A new initiative will allow US government contractors to be accountable in a civil court if they fail to report breaches or maintain required cybersecurity standards.

Security firm Gabriel nets $12m from SoftBank-led Series A

Sao Paulo-based company Gabriel has snagged $12m from a Series A funding round led by the SoftBank Latin America Fund.

European Parliament votes for ban on AI-powered mass surveillance

The European Parliament has voted for a resolution that calls for the ban of AI-powered biometric mass surveillance technologies such as facial recognition across the continent.

Gretel.ai inks $50 Series B to bolster privacy engineering platform

Privacy engineering firm Gretel.ai has secured $50m from a Series B funding round led by Anthos Capital.

DevOps security firm Mondoo rakes in $15m funding

Security tool developer Mondoo has pulled in $15m in funding from Series A and seed financing rounds.

Visa boosts anti-fraud measures with Callsign

Payments giant Visa has chosen RegTech company Callsign to be its proffered behavioural biometric digital and device intelligence identity provider.

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