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Identification/Background checks

Saviynt seeks bolstered R&D footprint following $130m investment

US identity solutions provider Saviynt has secured $130m in investment from PNC Bank and HPS Investment Partners.

Why financial institutions may need tools to understand Portuguese for due diligence

To ensure financial institutions understand the risks of doing businesses around the world, having a due diligence and adverse media screening tool that understands Portuguese is vital.

US set to sanction crypto wallets and exchanges in ransomware crackdown

The Biden Administration is expected to begin issuing sanctions against crypto exchanges, wallets and traders used by ransomware groups to crackdown on cyberattacks.

Zūm Rails unveils new anti-fraud tools to strengthen payment security

Open banking firm Zūm Rails has introduced a new set of anti-fraud tools to bolster the security of its Instant Deposit feature on its platform.

Entersekt releases new FIDO authentication tool

Entersekt, which has built a mobile-based authentication and app security software, has enabled FIDO authentication on its platform.

TransUnion to bolster identity capabilities in $3.1bn acquisition

TransUnion, which claims to foster trust between consumers and organisations, has stepped up its efforts around identification verification with $3.1bn acquisition of Neustar.

South Africa’s Justice Department suffers significant ransomware hack

The global spread of ransomware attacks has continued after South Africa’s Justice Department saw its network encrypted.

Persona becomes the latest RegTech unicorn following Series C close

Identity infrastructure company Persona is the latest RegTech company to join the coveted unicorn status, after its Series C puts its valuation at $1.5bn.

Almost half of on-premises databases worldwide vulnerable to attacks

A five-year study by cybersecurity firm Imperva has found up to 46% on-premises databases globally contain at least one vulnerability that could expose them to attacks.

REvil ransomware group returns following short period offline

The REvil ransomware gang – also known as Sodinokibi – has fully returned following a period in the darkness since July this year.

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