US set to sanction crypto wallets and exchanges in ransomware crackdown
The Biden Administration is expected to begin issuing sanctions against crypto exchanges, wallets and traders used by ransomware groups to crackdown on cyberattacks.
Zūm Rails unveils new anti-fraud tools to strengthen payment security
Open banking firm Zūm Rails has introduced a new set of anti-fraud tools to bolster the security of its Instant Deposit feature on its platform.
Digital currency compliance platform Coinfirm hits Series A close on $8m
Coinfirm, an AML compliance solution for digital currencies and blockchain-based financial ecosystems, has closed its Series A funding round on $8m.
Hong Kong’s SFC unveils consultation conclusion on AML/CFT guideline amendments
Hong Kong’s Securities and Futures Commission (SFC) has published the conclusion of a consultation to amend its anti-money laundering and counter terrorism financing guidelines.
South Africa’s Justice Department suffers significant ransomware hack
The global spread of ransomware attacks has continued after South Africa’s Justice Department saw its network encrypted.
Envelop Risk concludes SoftBank-led Series B with $130m
Cyber and speciality (re)insurance firm Envelop Risk has secured $130m from a Series B funding round led by SoftBank Vision Fund 2.
Almost half of on-premises databases worldwide vulnerable to attacks
A five-year study by cybersecurity firm Imperva has found up to 46% on-premises databases globally contain at least one vulnerability that could expose them to attacks.
REvil ransomware group returns following short period offline
The REvil ransomware gang – also known as Sodinokibi – has fully returned following a period in the darkness since July this year.
LGBTQ+ community being targeted for extortion on dating apps, US FTC warns
The US Federal Trade Commission (FTC) has warned that extortion scammers are targeting the LGBTQ+ community through dating apps such as Feeld and Grindr.
RegTech company PassFort closes its Series A
PassFort, which automates financial crime and compliance processes, has closed its Series A round on $16.2m.