A recent whitepaper by cybersecurity firm Yobah has explored the importance of cybersecurity and threats for financial services firms.
According to FinTech Finance, Yobah is a cybersecurity and cloud specialist that delivers security solutions specifically designed to defend the financial services industry.
One of the findings of the whitepaper included the fact the financial sector falls victim to cyber incidents approximately 300 times more than other industries.
The report – titled Cyber Security Solutions That Just Add Up’ explored the importance of cybersecurity for companies in the financial services industry, as well as the five key threats facing the industry and how businesses can create a solid defence.
The paper – which brings together specialist financial services and FinTech expertise and cyber knowledge – addresses threats including phishing, ransomware and crypto-jacking as well as the importance of deploying cybersecurity defences.
Yobah CEO and Principle Security Consultant Paul Sanders said, “It is essential that financial services organisations establish the right protections to defend their businesses from the negative consequences of an attack. In this guide, we highlight the risks but critically we address how to remove them and arm businesses with the knowledge and support they need to tackle financial services targeted cyber threats head-on”.
Fiscozen, a provider of an accounting software platform for freelancers, previously landed €8m in a Series A funding round.
The round was led by Keen Venture Partners and was supported by existing investor United Ventures. This builds on a €3m seed funding round raised in 2020.
According to EU Startups, Fiscozen is a startup on a mission to elimate tax bureaucracy in Italy and aims to become the go-to solution for SMEs. The company is set to launch its tested product in 2023.
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