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Financial Crime/Fraud Prevention

Will cyberspace be a battlefield for financial institutions?

The cyberspace race is heating up. Over the past year, the number of ransomware and general cyberattacks have increased dramatically, with more companies, individuals and even governments falling into digital bear traps. How will this growing problem impact financial institutions?

How to ensure security and compliance when using tools such as Zoom, MS Teams?

Communication tools have saved the day for businesses after the Covid-19-induced lockdown. Therefore, organisations must fully understand the regulatory guidance on security and privacy...

How financial firms can detect and prevent fraud by using network analytics

The proliferation of internet banking and digital sharing have made it easier than ever for fraudsters to attack financial institutions and organisations must use sophisticated...

SEC fines Poloniex $10m for operating unregistered crypto exchange

The US Securities and Exchange Commission (SEC) has slapped a $10m fine on crypto firm Poloniex for operating an unregistered cryptocurrency exchange.

Antivirus firm NortonLifeLock set to snap up Avast in $8.6bn deal

Consumer antivirus company NortonLifeLock has entered an agreement to purchase competitor Avast in a deal valued between $8.1bn and $8.6bn.

Israeli cybersecurity firm SIGA snares $8.1m in Series B round

Operational technology cybersecurity business SIGA OT Solutions has secured funding of $8.1m from a Series B capital raise.

US Senate report finds government agencies failing to improve cyber posture

A report published by US Senate Committee has found only one of eight federal agencies showed improvements in strengthening their cybersecurity programs.

US to bolster cyber synergies with new defence center launch

The US government has revealed it is introducing a new cyber defence center focused on strengthening collaboration between the public and private sector.

SentiLink closes Series B to support launch of new products

Identity verification technology developer SentiLink has collected $70m in its Series B round as it looks to enhance its product suite.

Most security professionals believe remote workers face weak security risk

A survey has found a majority of IT security professionals believe remote workers face bigger security risks due to being isolated from their companies’ security teams.

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