DarkSide ransomware behind Colonial Pipeline incident, FBI claims
The FBI has declared that the cybercriminal behind the recent Colonial Pipeline was a ransomware variant known as DarkSide.
Largest US pipeline operations halted following ransomware attack
Operations at the Colonial Pipeline have been brought to a standstill following a ransomware cyberattack that affected some of its IT systems.
EBA launches consultation on money laundering, terrorism financing in the EU
The European Banking Authority (EBA) has introduced a public consultation on a database on anti-money laundering and countering terrorism financing (AML/CFT) in the EU.
More vigorous action needed on money laundering, BaFin tells Deutsche Bank
German financial regulator BaFin has told banking giant Deutsche Bank it needs to introduce stronger action on money laundering.
French, EU cybersecurity heads stress greater cooperation, resources importance
The heads of the European and the French cybersecurity agencies have called for a greater level of cooperation and more resources to compete in the cybersecurity spending race.
ClearBank partners with Napier to boost its AML and screening capabilities
Cloud-based clearing bank ClearBank tied up with AML/CTF and trade compliance tech provider Napier for its advanced transaction screening system in a bid to boost its security.
AI-driven fraud protection company for InsurTechs Shift Technology earns the horn after $220m round
SaaS provider of AI-driven decision automation and optimisation solutions for the insurance industry Shift Technology closed a $220m fundraising bringing its valuation to over $1bn.
Keeper Tax nets $13m to support build out of its tax platform for gig...
Keeper Tax, a tax filing software platform for gig workers, creators and freelancers, has closed its Series A round on $13m.
BAE survey details steep hike in cybercrime during pandemic
A BAE Systems survey has found nearly three-quarters of financial organisations have experienced a rise in cybercrime since the beginning of the Covid-19 pandemic.
Ecommerce fraud losses of $20bn expected in 2021, China to be key fraud market
A new study by Juniper Research has highlighted it expects over $20bn in ecommerce losses this year due to online payment fraud – a rise of 18% compared to 2020.