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.
Cybersecurity platform Huntress lands $40m as it pursues to help SMEs tackle online threat
Threat detection and mitigation company Huntress scored a $40m Series B investment round led by JMI Equity.
Vanta closes $50m funding round to launch new products, expand footprint
San Francisco-based cybersecurity firm Vanta has closed a $50m funding round led by Sequoia Capital with participation from Y Combinator.
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.
Cybercrime cases continue to rise as Belgium becomes most recent victim
The company that provides internet services for Belgium’s parliament, government departments, universities and scientific institutions has suffered a cyberattack.
Companies spending more on cybersecurity to combat threats, report finds
A report conducted across the US, UK and mainland Europe has found many firms are spending more on cybersecurity to combat growing threats in cyberspace.
Threat detection startup Vectra AI enters the unicorn club after latest cash injection
San Jose-based threat detection and response company Vectra AI raised $130m in a funding round that valued the company at $1.2bn.
The round, which brought...
Stripe eyes bolstered internet firm tax compliance through TaxJar purchase
Payments giant Stripe has entered into an agreement to purchase sales tax software enterprise TaxJar to improve tax compliance rates for internet firms.
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.
