Ecommerce fraud losses of $20bn expected in 2021, China to be key fraud market
A new study by Juniper Research has highlighted it expects over $20bn in ecommerce losses this year due to online payment fraud – a rise of 18% compared to 2020.
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.
Fingerprint and Oscilar unite to enhance fraud prevention in FinTech
Fingerprint, known as the world's most accurate device intelligence platform, is partnering with Oscilar, a leader in AI-driven risk and fraud management.
Quantifind unveils AI-driven risk discovery tool to revolutionise threat assessment
Palo Alto-based company, Quantifind, known for providing AI-powered risk intelligence automation to the world's foremost organisations, has unveiled its ground-breaking AI solution designed to enhance the proactive screening for potential threats.
Inside the rise of open banking
In recent months open banking has gained serious traction and customers are no longer hesitant to embrace it. With the long-term debate surrounding open banking seemingly settled, a handful of RegTech industry experts gave their views on the growth of the offering.
How advanced analytics can solve the growing problem of lending fraud
As the pandemic rages on, crime and money laundering risks continue to evolve at a rapid pace in the commercial lending space. However, firms can mitigate these risks by applying advanced technologies and using a data-driven approach.
RegTech 100 company BehavioSec raises $17.5m in Trident-led round
RegTech 100 company BehavioSec, which uses behavioural biometrics to verify and confirm a user’s identity, has raised a $17.5m Series B investment.
QuintessenceLabs reels in A$25M to expand quantum cybersecurity reach
Quantum cybersecurity firm QuintessenceLabs has secured A$25m in financing as it pushes forward its aim to take quantum cybersecurity global.
The west is facing a moment of reckoning on cybersecurity, GCHQ chief warns
The head of GCHQ has claimed the UK and its allies face a moment of reckoning where the global direction of cybersecurity may not be shaped and controlled by the west.
US teams with Singapore to tackle cybersecurity, sustainable finance challenges
The US and Singaporean governments have entered into a new cooperation agreement to partner in the key areas of cybersecurity, the economy and the climate.
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