RegTech

Cyber risk management InsurTech KYND has launched a rewind feature, within its KYND ON cyber risk flagship product, which provides instant visibility into an organisation’s cyber risk history.

As the world treads towards an increasingly digitised ecosystem, cyber threats are not uncommon but SMEs may not be aware of the devastating consequences of a cyberattack, according to KYND.

VISO Trust, a provider of third-party cyber risk management solutions, has snared $11m in Series A funding.

German financial regulator BaFin has ordered challenger bank N26 Bank to implement appropriate controls and safeguards to prevent money laundering and terrorist financing.

A recent webinar led by Alessa by Tier 1 Financial Solutions examined the objectives and fundamentals of customer risk scoring as well as a logical way to categorise types of risks.

Food processing company JBS Foods has confirmed it has paid an $11m million ransom payment to end a ransomware cyberattack on its global operations.

A major digital cash heist has led to cryptocurrency valued at over $600m being stolen from a digital ledger used by players of the Axie Infinity online game.

With the ever-changing regulatory framework and the proliferation of threats, every business – irrespective of the sector it is in - needs effective and updated policies and procedures. To ensure policy management, it is key to embed the culture of compliance within the organisation.

The European Commission has unveiled the EU Digital Finance Platform, which is designed to help create a dialogue between FinTech market players and supervisors.

Transformative risk and compliance solution developer LogicGate has raised $113m in its Series C funding round.