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Singapore tables bill to close scam loopholes
Singapore's Ministry of Home Affairs has introduced the Scams (Countermeasures) and Other Matters Bill, tabling it for its first reading in parliament on Tuesday...
Cybersecurity firm Unit 221B secures $5m seed funding
Unit 221B, a threat disruption company specialising in actionable threat intelligence and cyber solutions, has closed a $5m seed funding round.
The financing was led...
ThreatMark secures $23m to bolster online fraud prevention
ThreatMark, a cybersecurity company focused on fraud prevention for financial institutions, has secured $23m in a funding round led by Octopus Ventures, Riverside Acceleration Capital, and Springtide Ventures.
UK’s Trust & Safety titan Pasabi nets multi-million-dollar investment
Pasabi, the UK Trust & Safety platform, is primed to expand its global footprint, having successfully secured a multi-million-dollar investment.
Online payment fraud losses to exceed $343bn over next 5 years
Global online payment fraud losses are expected to exceed $343bn over the next five years, according to Juniper Research.
Over three-quarters of retailers have seen fraud increase during the pandemic
A survey by fraud prevention solutions provider Riskified has found 82% of retailers believe they have seen a climb in fraud attempts since the start of the Covid-19 pandemic.
Over £20m worth of fraud averted by banking industry-funded police unit
A specialist policing unit funded by the banking and finance industry revealed that £20m worth of fraud was prevented in 2020 – a figure up by £1m compared to 2019.
Cybersecurity company NS8 closes $28m funding round led by Edison Partners
US-based e-commerce security and website performance company NS8 has closed a $28m funding round which was led by Edison Partners.
CashShield collects $20m to fight fraud with AI
CashShield, an online fraud management solution, has closed a $20m Series B funding round.
