Security Technology

It is no secret that regulators around the world are becoming increasingly tougher on financial services companies. There is an unrelenting level of regulation being drafted and fines are hitting eyewatering sums. A report from Finbold pegged fines for non-compliance with AML, KYC and data privacy regulations at a total of €12bn in 2020.

ZEDEDA, which provides a scalable cloud-based orchestration solution that delivers visibility, control and security for distributed edge computing, has raised $26m in Series B funding.

Halborn, a cybersecurity platform for traditional finance and blockchain-based companies, has completed a $90m funding round.

AI-powered cybersecurity platform Darktrace has launched its PREVENT product, which is an interconnected set of AI products that deliver proactive cybersecurity capability to help organisations preempt future cyberattacks.

Zero trust cybersecurity company Xage has raised additional funding from Chevron Technology Ventures.

UK-based Cybersecurity platform for SMEs Melius Cyber has reportedly raised £350,000 in funding.

Singapore-based cybersecurity platform watchTowr has collected $8m for its pre-Series A funding round.

Much like the initial scepticism to credit cards when they were first introduced, there has been some apprehension over the use of e-trust solutions. However, the industry is proving they are secure and effective, and their use is on the rise. Electronic IDentification is on a mission to make digital identity solutions the norm.

Inspectiv, a vulnerability detection platform, has closed its Series A round on $16m.

oak9, a developer of infrastructure as code security software, has collected $8m in a funding round from Cisco Investments and Morgan Stanley’s Next Level Fund.