LGBTQ+ community being targeted for extortion on dating apps, US FTC warns
The US Federal Trade Commission (FTC) has warned that extortion scammers are targeting the LGBTQ+ community through dating apps such as Feeld and Grindr.
Banks believe London will remain global financial center despite Brexit
A recent Lloyds Bank survey has found that banks believe London will maintain its leading global financial center status despite the regulatory uncertainty posed by Brexit.
RegTech company PassFort closes its Series A
PassFort, which automates financial crime and compliance processes, has closed its Series A round on $16.2m.
Tenable set to acquire security firm Accurics for $160m
Cyber exposure firm Tenable is planning to purchase cloud-native security company Accurics for a total fee of $160m.
57% of big corporates experienced significant impact from illicit activity in 2020
Big corporates around the world are still impacted by heavy illicit activity, with over half of respondents in a new survey stating a significant impact during 2020.
Evolon Technology reels in $16m from Series A round
Security company Evolon Technology has secured $16m from a Series A funding round to help it further accelerate growth.
European regulators highlight vulnerabilities to FIs
The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) have issued a joint statement on the increasing vulnerabilities in the financial sector.
The UK’s FCA drafts new power to help remove outdated permissions
The UK’s Financial Conduct Authority (FCA) has issued a draft for a new power that would help it accelerate the process of removing regulatory permissions no longer used by financial services firms.
Intel 471 receives strategic investment from private equity firm
Cyber threat intelligence platform Intel 471 has scored a strategic investment from private equity firm Thoma Bravo.
ADVANCE.AI seeking $200m to put it in the unicorn club
Singapore-based ADVANCE.AI, which develops digital identity verification tools, is reportedly looking to raise $200m in funding.