China bans all cryptocurrencies in huge virtual currency crackdown
The People’s Bank of China (POB) has officially announced that all transactions including cryptocurrencies are illegal with immediate effect.
Majority of UK firms attribute recent cyberattacks to tech vulnerabilities
A study by cybersecurity firm Tenable has found that 72% of UK firms have attributed recent cyberattacks to vulnerabilities in technology put in place during the pandemic.
ECB stress test reveals potential climate peril for European banks
A climate stress test by the European Central Bank (ECB) has found firms based in areas most open to physical risk could see their creditworthiness impacted by climate change.
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.
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.
China set to introduce digital yuan by early 2022
The People’s Bank of China (PBOC) has revealed it aims to fully launch the e-CNY digital currency by February 2022.
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.
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.
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.
