Alessa whitepaper outlines key crypto know-how for financial institutions
Alessa by Tier 1 Financial Solutions has published a whitepaper detailing how financial institutions (FIs) can deal with the cryptocurrency market and manage its associated risks.
Chinese spies posed as Iranians to breach Israeli networks, cyber firm FireEye claims
Security company FireEye has claimed that Chinese spies pretended to be Iranian hackers for two years to break into Israeli government and telecommunication networks.
WhatsApp slapped with $267m GDPR fine for user privacy shortcomings
WhatsApp has been hit with a $225m fine by Ireland’s Data Protection Commission after it failed to disclose enough information to users about the data shared with other Facebook companies.
How can firms assess the risks associated with a politically exposed person?
A recent webinar by Alessa has examined what constitutes a politically exposed person (PEP) and why relationships with certain PEPs may offer increased financial crime threats.
2021 set to be costliest year on record for ransomware attacks
Ransomware threat intelligence firm SonicWall has found 2021 will be the most expensive and dangerous year on record for ransomware attacks, with 495 million logged already.
UR Islamic Bank’s new partnership to combat money laundering in Iraq
UR Islamic Bank will implement Capital Banking Solutions integrated compliance platform to help prevent money laundering and tax evasion in Iraq.
Noname Security joins the cyber unicorn club following Series C
US-based API security firm Noname Security has secured the unicorn horn after a recent $135m Series C pushed its valuation over $1bn.
Red Cross suffers huge cyberattack with over half a million people exposed
The International Committee of the Red Cross (ICRC) has fallen victim to a big cyberattack which led to 515,000 people having their data seized by hackers.
Economic sanction RegTech startup Silent Eight pockets $40m
Silent Eight, an AI-powered economic sanctions enforcement and financial crime prevention solutions, has bagged $40m in its Series B.
Titanium Blockchain pleads guilty to crypto fraud scheme
The CEO of Titanium Blockchain Infrastructure Services (TBIS), Michael Alan Stollery, has pleaded guilty for his role in a cryptocurrency fraud scheme.
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