Accenture hit by ransomware attack by LockBit 2.0 group
IT consultancy giant Accenture has suffered a ransomware hack at the hands of ransomware group LockBit 2.0.
Vesttoo reels in $6m Series A to grow its insurance-linked programme
Israel-based alternative reinsurance and investment platform Vesttoo has raised $6mn in a Series A funding round led by Hanaco Ventures.
US making cybersecurity progress but work still needed, congressional report details
A report by the US Cyberspace Solarium Commission has found the US has made significant progress in shoring its cyber defences but that its work is not over yet.
Retail firms popular target for ransomware and data-theft, survey finds
A survey by cybersecurity company Sophos has found that retail organisations have become a popular target for ransomware and data stealing during the pandemic.
Breeze banks $10m to boost its disability and critical illness insurance offering
InsurTech Breeze closed a $10m Series A funding round led by Link Ventures with participation from Northwestern Mutual Future Ventures, Silicon Valley Bank, M25, Fiat Ventures and Invest Nebraska.
Cybavo looks to speed up global expansion with $4m pre-Series A raise
Singapore-based blockchain security solution provider Cybavo has bagged $4m in pre-Series A funding.
FCA receives over 2,700 financial misconduct complaints over 2020/21
The Financial Conduct Authority (FCA) has revealed it received a total of 2,754 allegations of financial misconduct over the 2020/21 financial year.
Reserve Bank of New Zealand underlines rising bank resilience from stress tests
Recent stress tests by the Reserve Bank of New Zealand (RBNZ) have shown increasing resilience in the banking sector and the benefit of continue to build capital buffers.
OwnBackup to expand market reach after snaring $240m in Series E round
US data protection solutions provider OwnBackup has secured $240m from a Series E funding round at a valuation of $3.35bn.
Will cyberspace be a battlefield for financial institutions?
The cyberspace race is heating up. Over the past year, the number of ransomware and general cyberattacks have increased dramatically, with more companies, individuals and even governments falling into digital bear traps. How will this growing problem impact financial institutions?
© FinTech Global © Copyright 2024. All rights reserved.
