China bolsters regulatory oversight with new data security law
China’s National People’s Congress (NPC) has passed its first data security law aimed at strengthening the government’s hand over the data produced and stored in the country.
Stripe launches AI-based identity verification tool for online businesses to reduce payment fraud
Stripe goes beyond its payment products, launches Stripe Identity, an ID verification system for online businesses as a means of reducing fraud, preventing account takeovers...
nSure AI picks up $6.8m to reduce fraud in digital goods sector
Israel-based predictive AI fraud protection company nSure AI raised $6.8m in seed funding led by DisruptiveAI, Phoenix Insurance, AXA-backed venture builder Kamet, Moneta Seeds and private...
Immersive Labs inks $75m to help businesses beef up their cyberskills
Immersive Labs, a platform which teaches cybersecurity skills to corporate employees by using real, up-to-date threat intelligence in a gamified way closed a $75m Series C funding round.
RSA spins out fraud and risk intelligence unit, Outseer
RSA Security is spinning out its fraud and risk intelligence business into a new standalone company dubbed Outseer which will be led by CEO...
GroupSense and CipherTrace join forces to combat cryptocurrency cybercrime
Digital risk protection services company GroupSense and cryptocurrency intelligence firm CipherTrace have teamed up to help businesses identify threat actors and groups and thwart ransomware attacks.
JBS Foods pays multimillion ransom to end global ransomware cyberattack
Food processing company JBS Foods has confirmed it has paid an $11m million ransom payment to end a ransomware cyberattack on its global operations.
SentinelOne: Chinese hackers likely behind Russian government agency breach
Endpoint protection firm SentinelOne has claimed Chinese hackers were ‘likely’ behind a series of intrusions on Russian government agencies last year.
How financial firms can close the gap between regulatory compliance and efficiency using technology
In the face of increasing regulatory demands, financial institutions are struggling to manage their compliance obligations and continue to face millions in fine. However, they can mitigate these risks by embracing RegTech solutions.
US Department of Justice recovers most of Colonial Pipeline ransom payment
The US Department of Justice (D.O.J) has revealed it has recovered the majority of the $4.4m ransom payment paid by Colonial Pipeline to the DarkSide ransomware variant.