ThetaRay nets $31m in fresh capital to help grow its market reach
ThetaRay, which claims to accelerate cross-border payments between banks whilst protecting them from financial crime, has netted $31m in funding.
FBI report finds staggering cybercrime complaint increase over 2020-2021
A report by the FBI’s Internet Crime Complaint Center (IC3) has found cybercrime complaints hiked by 100% over a 14-month period.
DarkSide ransomware shuts down on back of US pressure, lost server access
The DarkSide ransomware variant that was responsible for bringing operations at a US pipeline to a standstill last week has allegedly shut down.
Is data the silver bullet in tackling financial crime?
As the world continues the shift to digital, getting to grips with the threat of financial crime looms large in the minds of banks. But data could be the key solution.
Significant ransomware attack causes Irish healthcare IT shutdown
Ireland’s healthcare service has temporarily been forced to shut down its computer systems as a precaution following a significant ransomware attack.
Verizon report finds 85% of data breaches in 2020 involved human interaction
A report by Verizon has found that over 85% of data attacks in 2020 involved some form of human interaction.
N26 under BaFin scanner for inadequate measures against money laundering
German financial regulator BaFin has ordered challenger bank N26 Bank to implement appropriate controls and safeguards to prevent money laundering and terrorist financing.
UK Foreign Secretary calls on Russia to do more against state-backed cybercrime
The UK Foreign Secretary Dominic Raab has said Russia must do more to tackle cybercriminals operating from within their national borders.
Biden signs cybersecurity executive order in wake of pipeline hack
President Joe Biden has signed an executive order aimed at bolstering US cybersecurity defences following the Colonial Pipeline.
How automation technology can help banks stop increasing their spend on compliance
The current way banks are handling money laundering alerts is not sustainable. If they do not want to continue rapidly expanding compliance teams each...