Report finds suspected Chinese state-backed group targeting Asian telecoms
A cybersecurity report has found an alleged Chinese state-sponsored faction is attempting to hack telecommunications organisations in Taiwan, Nepal and the Philippines.
Weavr bags £7m funding to speed up internalisation, product development
Banking and payments software startup Weavr has secured £7m in a seed funding round led by VC firm Headline.
What are the money laundering and fraud concerns around electronic funds transfers?
As more and more people rely on cashless systems to move money around, there is a pressing need to understand how electronic funds transfers (EFTs) – specifically – wire transfers and automated clearing house (ACH) transfers – could be at risk from financial crime.
US court gives fraudster 7-year jail sentence following attempted $2m scam
A US federal judge has sentenced a Houston-based man to a 7-year jail sentence for his role in trying to steal over $2m from victims through romance scams and spoofed emails.
NanoLock Security eyes expanded footprint following $11m Series B
Israeli device protection and management firm NanoLock Security has raised $11m from a Series B funding round.
EU plans to introduce AML authority following financial crime uptick
The European Commission has announced plans to create a new Anti-Money Laundering Authority (AMLA) following a flurry of recent financial crime scandals.
Quantexa unveils latest version of risk detection tool to aid financial crime fight
Data and analytics software company Quantexa has introduced the latest updated version of its contextual monitoring and investigations solution Quantexa Syneo
Study anticipates over half of global population to use mobile wallets by 2025
A study by US mobile payments firm Boku gr has found that more than one in two people globally will use a mobile wallet by 2025.
FinTech fidomoney unveils business account offering in UK market
York-based FinTech startup fidomoney has launched its business current account service to consumers in the UK.
Cyber insurance market to exceed $20bn value by 2025, report finds
A report by GlobalData has found the cyber insurance industry is predicted to exceed a $20bn gross written premium (GWP) value by 2025.
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