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Financial Crime/Fraud Prevention

Transactive bolsters internal AML with Sentinels Global partnership

Open banking software developer Transactive has bolstered its internal AML transaction monitoring platform through the integration of Sentinels Global.

Global cyber study finds US remains dominant power, China continues ascent

A study by the International Institute for Strategic Studies (IISS) has found the US continues to lead the way as the number one cyber power worldwide.

EU unveils plans for cyber unit to tackle large scale attacks

The European Commission (EC) has launched its strategy to build a Joint Cyber Unit to tackle large scale cyberattacks, according to the BBC.

Honeywell report finds external malware is rising challenge for industrial firms

Honeywell has found the number of cyber threats that use USB sticks and other external media devices as a launch point doubled during 2021.

More depth needed to protect against cyberattacks, US Attorney General claims

US Attorney General Merrick Garland has said the country’s private industry needs to enact better safeguards to avoid consequences in the event of a cyberattack.

Illumio bolsters unicorn status with Thoma Bravo-backed $225m Series F

Cybersecurity company Illumio has grown its valuation to $2.75bn after it raked in $225m in a Series F funding round.

Brazilian healthcare firm Grupo Fleury suffers significant ransomware attack

Sao Paulo-based medical diagnostics company Grupo Fleury has revealed it has suffered a ransomware attack that has led to it taking its systems offline.

Hawk AI secures $10m in its Series A as it eyes international expansion

Hawk AI, an AI-powered anti-fraud solution, has closed its Series A on $10m, which it hopes will foster its international growth.

Study finds AML compliance costing UK firms over £28bn a year

A study by LexisNexis Risk Solutions has found anti-money laundering (AML) compliance is costing UK financial institutions £28.7bn and will raise to £30bn by 2023.

Cyber firm SentinelOne eyes IPO price as it gears up for offering

Cybersecurity firm SentinelOne has revealed it intends to raise up to $928m on its initial public offering (IPO) as it anticipates an IPO price range of between $26 to $29 per share.

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