Suffolk Building Society picks TruNarrative for anti-fraud
RegTech platform TruNarrative has been picked by Suffolk Building Society to improve the firm’s financial crime and fraud prevention processes, as well as digitise customer onboarding.
North Korea stealing millions through cyber-attacks, claim UN experts
North Korea is continuing to steal hundreds of millions of dollars from financial institutions, exchanges and crypto firms, according to UN experts.
US unveils cyber safety review board in public-private collaboration
The Department of Homeland Security (DHS) have launched the first ever cyber safety review board with the goal of boosting cybersecurity in the US.
Passage arises from stealth with $4m and beta product launch
Cybersecurity company Passage has secured $4m from a funding raise after emerging from a period of stealth.
CyberTech firm PlexTrac scores $70m Series B
Cybersecurity firm PlexTrac has secured $70m from a Series B funding round headed by Insight Partners.
Why dynamic risk assessments are a must for AML/KYC
As pressures continue to rise for financial institutions to meet mounting anti-fraud regulatory requirements, dynamic risk assessments will become more vital.
FCC revokes Chinese telecom provider licence due to security risks
The Federal Communications Commission (FCC) has revoked China Unicom Americas’ licence due to ‘serious national security concerns’.
Americans lost $770m from social media scams in 2021
Reports received by the Federal Trade Commission have found US citizens were scammed to the tune of $770m through social media cons during 2021.
Myanmar to seek ban on digital currencies, VPNs in new cyber law
The military junta leading Myanmar has drafted a cybersecurity law that would ban the use of VPNs and digital currencies.
Why ironclad security is vital for any financial super app
In an age where the proliferation of financial mobile applications in increasing on a huge scale, the rise of financial ‘super apps’ may seem the logical conclusion of such a rise.
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