Australians lost record $2bn to scams in 2021
Australians lost a record amount of over $2bn to scams in 2021, according to the annual report from the Australian Competition & Consumer Commission (ACCC).
How payment companies struck gold among the 51 rounds raised last week
Our weekly roundup of the big FinTech trends from the past seven days is all you need to keep yourself updated on what’s happening in the industry.
Check Point set to bolster cloud security expertise with Avanan acquisition
Israeli cybersecurity firm Check Point Software Technologies has entered an agreement to buy cloud email security company Avanan for an undisclosed fee.
Sigma Ratings welcomes new US anti-money laundering law
Following the intense scrutiny of the FinCEN Files, US lawmakers have introduced new legislation to fight money laundering.
US authority accuses French banker of deceiving bond issuer on behalf of an investment...
A trader at a global investment bank is accused of deceitfully manipulating a deal between a bond issuer and the investment bank he was working at.
BANK OF AFRICA picks NetGuardians to combat payment fraud
NetGuardians, an enterprise risk platform to combat financial fraud, has been selected by BANK OF AFRICA to safeguard its assets in Morocco.
Kooperativa partners with Resistant AI to revolutionise fraud detection in insurance claims
Kooperativa, a leading insurer part of the Vienna Insurance Group, has embraced Resistant AI's Document Forensics technology to combat fraudulent insurance claims.
US regulators encourage institutions to be innovative with AML/BSA compliance
The Federal Reserve Board has made a joint statement with four other US regulators to encourage depository institutions to explore innovative ways to meet compliance.
House of Representatives pass bills aimed at improving small business cybersecurity
The US House of Representatives has passed two bills that are focused on improving the cybersecurity protections for small businesses in the United States.
Ransomware DarkSide made $90m in ransom payments, blockchain firm finds
Blockchain analysis firm Elliptic has discovered the DarkSide ransomware variant made an estimated $90m in ransomware payments since October 2020.
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