Communities of colour found to be more likely to suffer cyberattacks
A survey by internet security firm Malwarebytes has found that black, indigenous and people of colour (BIPOC) are more likely to suffer from identity theft.
KYC Portal underlines benefits of perpetual know-your-customer approach
A blogpost by KYC Portal has detailed how an ongoing know-your-customer (KYC) approach can help firms reduce their risk exposure to hours instead of weeks or months.
PPRO forms agreement with Sentinels to bolster AML controls
Local payments infrastructure provider PPRO has established a strategic partnership with Sentinels to improve its own anti-money laundering (AML) controls.
China bans all cryptocurrencies in huge virtual currency crackdown
The People’s Bank of China (POB) has officially announced that all transactions including cryptocurrencies are illegal with immediate effect.
FCA to team with BofE to develop blockchain-based regulatory reporting initiative
The Financial Conduct Authority (FCA) is teaming with the Bank of England (BofE) to launch a blockchain-based regulatory reporting solution to tackle rising compliance costs.
Cogévie teams with FRISS for anti-fraud services
Cogévie, a group health and welfare contract management firm, has teamed up with fraud prevention software developer FRISS to bolster its protections.
Majority of UK firms attribute recent cyberattacks to tech vulnerabilities
A study by cybersecurity firm Tenable has found that 72% of UK firms have attributed recent cyberattacks to vulnerabilities in technology put in place during the pandemic.
CaixaBank teams with Revelock to create anti-fraud solutions
Spain’s CaixaBank has collaborated with anti-phishing company Revelock to build an AI-powered solution to counter fraud in digital banking.
Saviynt seeks bolstered R&D footprint following $130m investment
US identity solutions provider Saviynt has secured $130m in investment from PNC Bank and HPS Investment Partners.
How banks can strengthen their risk-based approach to financial crime
A recent case study by financial crime prevention firm Acuminor has detailed how banks can improve their stance of tackling the financial crime threats they face through its risk-focused technology.