UK financial institutions spend an average of £374k annually on preventing financial crime, study...
Financial crime prevention costs UK financial institutions an average of £374k every year, according to new research from global legal company, DWF.
Nearly half of financial institutions to spend SCA extension time on improving roll out
UK banks welcome the six-month extension to implement strong customer authentication (SCA) for e-commerce transactions, with 42% planning to use the time to improve and enhance their roll out plans.
Decentralised ID authentication platform Magic lands $27m for its ‘plug and play’ passwordless tech
Magic Labs (formerly Fortmatic), a decentralised identity startup that provides passwordless login solutions, has raised $27m in a Series A funding round.
Chinese hackers breached US pipelines between 2011 and 2013, joint advisory reveals
An advisory by the FBI and the Cybersecurity and Infrastructure Security Agency (CISA) has revealed Chinese state-backed hackers breached 13 US pipelines between 2011 and 2013.
FBI warns of potential cyberthreats to 2020 Olympic Games
The FBI has warned of potential cyber threat actors targeted the upcoming Olympic Games in Tokyo this summer.
GetID unveils new identity verification flow builder
Estonian identity verification firm GetID has launched a know-your-customer (KYC) flow builder to help customers set up and deploy personalised online verification procedures.
Why Revolut and the CyberTech industry stand out from the 42 funding rounds raised...
FinTech companies continue to rake in millions of dollars with a slew of startups graduating to the unicorn club. The 42 ventures in the...
US introduces ransomware safety site, offers incentives for hacker tips
The US government has unveiled a new website designed to provide businesses with greater knowledge of the threat posed by ransomware to their companies.
US launches inter-agency task force to tackle ransomware wave
The US government has introduced a new interagency task force aimed at combating the increasing challenge of ransomware on the United States.
Nethone secures $6.7m in Atmos-backed Series A round
Polish fraud protection firm Nethone has bagged $6.7m from a Series A funding round co-led by ARIA and Atmos Ventures.