Identity & Access Management

Digital identity service OneID raises £1 million from ACF Investors

OneID, the UK’s only provider of bank-verified digital identification services, has secured £1m in new funding from ACF Investors.
SpyCloud secures $110m funding to bolster identity threat protection tech

SpyCloud secures $110m funding to bolster identity threat protection tech

SpyCloud, described as "the leader in operationalising identity analytics to automate the protection of digital identities", has successfully closed a significant growth round. The Austin-based company managed to secure a whopping $110m.
Grip Security's SaaS identity risk platform secures $41m Series B investment

Grip Security’s SaaS identity risk platform secures $41m Series B investment

Grip Security, a distinguished leader in SaaS identity risk management, is celebrating a major achievement as it announces the procurement of $41m in its Series B fundraising endeavour.
Astrix Security garners $25m Series A to enhance non-human identity security

Astrix Security garners $25m Series A to enhance non-human identity security

Astrix Security, a trailblazer in non-human identity security, has announced the successful raise of $25m in a Series A funding round.
Filigran secures €5m Seed Funding for next-gen threat management solutions

Filigran secures €5m Seed Funding for next-gen threat management solutions

Founded in September 2022, Filigran, the rising star in the cybersecurity arena, has recently raised an impressive €5m in seed funding.
Stack

CyberTech enterprise Stack Identity lands $4m in seed financing

Stack Identity, a startup automating identity and access management governance, has come out of stealth mode and raised $4m.
Indiana

Google to pay Indiana $20m to settle privacy suit

Google will pay Indiana $20m to resolve a lawsuit the state initiated against the company over allegedly deceptive location tracking practices.
Sphere

Sphere Technology bags $31m in Edison-led Series B

Sphere Technology Solutions, a New Jersey-based firm building tech to help defenders manage identities and access to sensitive data, has scored $31m in a Series B.
Why cyber risk is a core part of ESG

Why cyber risk is a core part of ESG

As COP27 takes place, it is a reminder of how interweaved ESG will be in the future of the financial marketplace. KYND, a cyber risk technology developer, has released a report exploring the unsung hero of ESG – cyber risk.
Oort collects $15m for its identity-centric security

Oort collects $15m for its identity-centric security

Oort, an identity-centric enterprise security platform, has raised a total of $15m through its seed and Series A rounds.
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Diverse week for FinTech as $1.1bn raised across 17 deals

Diverse week for FinTech as $1.1bn raised across 17 deals

It was a diverse week for FinTech funding, with deals closing across nine different countries.  There were a total of 17 FinTech funding rounds covered...
Sift enhances fraud insights with new metrics in industry benchmark tool

Sift enhances fraud insights with new metrics in industry benchmark tool

Sift, a leading AI-powered fraud prevention platform, has introduced significant updates to its Fraud Industry Benchmarking Resource (FIBR), a free online tool designed to provide key fraud metrics across various industries, geographies, and timeframes.
Bitsight acquires Cybersixgill in $115m deal to enhance cyber threat intelligence

Bitsight acquires Cybersixgill in $115m deal to enhance cyber threat intelligence

Bitsight, a global leader in cyber risk management, has announced its $115m acquisition of Cybersixgill, a prominent cyber threat intelligence (CTI) provider. This strategic move...
FinCEN issues alert on deepfake fraud schemes targeting financial institutions

FinCEN issues alert on deepfake fraud schemes targeting financial institutions

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a critical alert to assist financial institutions in identifying and addressing fraud schemes involving deepfake media created with generative AI (GenAI) tools.
change communication methods during a verification check.Some identity verification solutions may also flag possible attempts to circumvent verification checks, such as the use of third-party webcam plugins, which can let a customer display previously generated video rather than live video. Use of Deepfake Media in Phishing Attacks and Scams Criminals may also target financial institution customers and employees through sophisticated, GenAI-enabled social engineering attempts in support of other scams and fraud typologies, such as business email compromise (BEC) schemes, spear phishing attacks, elder financial exploitation, romance scams, and virtual currency investment scams.24For example, in family emergency schemes, scammers may use deepfake voices or videos to impersonate a victim’s family member, friend, or other trusted individual.25Similarly, criminals have reportedly used GenAI tools to target companies by impersonating an executive or other trusted employee and then instructing victims to transfer large sums or make payments to accounts ultimately under the scammer’s control.26 Financial Red Flag Indicators of Deepfake Media Abuse FinCEN identified the following red flag indicators to help financial institutions detect, prevent, and report potential suspicious activity related to the use of GenAI tools for illicit purposes.As no single red flag is necessarily indicative of illicit or suspicious activity, financial institutions should consider the surrounding facts and circumstances before determining whether a specific transaction is suspicious or associated with illicit use of GenAI tools. A customer’s photo is internally inconsistent (e.g., shows visual tells of being altered) or is inconsistent with their other identifying information (e.g., a customer’s date of birth indicates that they are much older or younger than the photo would suggest). A customer presents multiple identity documents that are inconsistent with each other.

Folks Finance secures $3.2m in Series A to advance crosschain DeFi solutions

Folks Finance, a DeFi platform specialising in lending, borrowing, and managing digital assets across multiple blockchains, has announced it raised $3.2m in an oversubscribed Series A funding round.
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