The ai Corporation reels in $2.5m for fraud & risk offering
The ai Corporation, an FCA approved payments, fraud and risk management business, has landed $2.5m in funding.
Significant ransomware attack causes Irish healthcare IT shutdown
Ireland’s healthcare service has temporarily been forced to shut down its computer systems as a precaution following a significant ransomware attack.
North Korean cybercriminals stole almost $400m worth of digital assets in 2021
Research by Chainalysis has found North Korean cybercriminals stole close to $400m worth of digital assets across at least seven cyberattacks last year.
Global cyber study finds US remains dominant power, China continues ascent
A study by the International Institute for Strategic Studies (IISS) has found the US continues to lead the way as the number one cyber power worldwide.
The need to make data ethics a priority in the fight against insurance fraud
For as long as insurance has been around, criminals have been committing insurance fraud. With increasingly sophisticated fraud activity, insurers are turning to artificial intelligence and machine learning. However, they must develop standards to prevent unfair discrimination and remove any bias in these technologies.
Bitsight, March McLennan team to aid firms in bolstering cyber risk performance
Security ratings firm BitSight has partnered with Marsh McLennan to support companies in better understanding, measuring and manage their cybersecurity risks.
Bermuda launches crypto regulation, lands investment from Binance
Bermuda has launched legislation to regulate cryptocurrency and initial coin offerings, with Binance investing $15m in the country.
Speaking at a joint press conference on...
Flagright joins forces with ATII: A bold step in the fight against human trafficking
Flagright, renowned as a global force against financial crime, has formally announced its collaboration with the Anti-Human Trafficking Intelligence Initiative (ATII).
Markel joins Vesttoo bankruptcy case over $127.75m fraudulent LOCs
Markel Bermuda Limited (MBL) has been appointed to the statutory committee of unsecured creditors in the U.S. Chapter 11 bankruptcy of InsurTech Vesttoo.
US Homeland Security unveils bug bounty program to aid with flaw discovery
The Department of Homeland Security is launching a bug bounty program aimed at finding cybersecurity flaws in its system.
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