Anti-Fraud

US Attorney General Merrick Garland has said the country’s private industry needs to enact better safeguards to avoid consequences in the event of a cyberattack.

A review by the Financial Conduct Authority (FCA) on the practices of debt packager companies has led to six firms stopping providing regulated debt advice.

Singapore-based blockchain security solution provider Cybavo has bagged $4m in pre-Series A funding.

Britain’s watchdog Financial Conduct Authority (FCA) warned banks to be vigilant about the risk of being used for criminal operations such as terrorist financing or money laundering in Afghanistan as the Taliban completes its takeover of the country.

The Commodity Futures Trading Commission (CFTC) has imposed a $1m fine on Citibank and Citigroup Global Markets for failing to comply with certain swap dealer requirements.

Smart security camera startup Rhombus Systems has secured $10m in capital from a Series A funding round.

Mass-scale IoT and IIoT network cybersecurity firm Shield-IoT has raised $7.4m from a Series A financing raise.

Founded in 2015, Know Your Customer provides digital onboarding solutions to financial institutions and regulated organisations globally. The company builds its KYC platform as an interconnected set of web apps, APIs, databases and pre-trained machine learning models – and is helping to change the game in digital corporate onboarding.

Trellix, an extended detection and response (XDR) solutions provider, has been officially launched as a result of the merger of McAfee Enterprise and FireEye.

Israeli cybersecurity startup Astrix Security has raked in $15m in early-stage funding to develop technology to help firms secure third-party app integrations.