Identification/Background checks

Security giant Akamai to acquire Guardicore in $600m deal

Edge security and content deliver firm Akamai Technologies is set to purchase micro-segmentation company Guardicore for a total of $600m.

Majority of UK cyber professionals intend to automate more over the next year

A recent report by security firm ThreatQuotient has found an overwhelming majority of UK senior cybersecurity professionals intend to automate more in the next 12 months.

Cyber insurer Coalition enhances unicorn status with $205m Series E

Cyber insurance and security firm Coalition has raised $205m from a Series E funding round, lifting its valuation to $3.5bn.

Communities of colour found to be more likely to suffer cyberattacks

A survey by internet security firm Malwarebytes has found that black, indigenous and people of colour (BIPOC) are more likely to suffer from identity theft.

KYC Portal underlines benefits of perpetual know-your-customer approach

A blogpost by KYC Portal has detailed how an ongoing know-your-customer (KYC) approach can help firms reduce their risk exposure to hours instead of weeks or months.

EU officially links Russia to Ghostwriter hacking operation

The European Union has linked Russia to Ghostwriter, a hacking operation that has targeted several high-profile EU officials, journalists and members of the general public.

cheqd said to secure investment ahead of debut product launch

Identity verification platform cheqd has reportedly raised $2.6m in a funding round to support the launch of its platform later this year.

Majority of UK firms attribute recent cyberattacks to tech vulnerabilities

A study by cybersecurity firm Tenable has found that 72% of UK firms have attributed recent cyberattacks to vulnerabilities in technology put in place during the pandemic.

Saviynt seeks bolstered R&D footprint following $130m investment

US identity solutions provider Saviynt has secured $130m in investment from PNC Bank and HPS Investment Partners.

Why financial institutions may need tools to understand Portuguese for due diligence

To ensure financial institutions understand the risks of doing businesses around the world, having a due diligence and adverse media screening tool that understands Portuguese is vital.

News Stories

85% of banks rely on ESG ratings for financial strategy, reveals CDP report

A recent report from CDP has illuminated the growing centrality of ESG ratings in the strategic frameworks of financial institutions (FIs).
AI

How AI is driving transformation in the financial services space

Since the onset of AI adoption, the financial services market has been rapidly adjusting to new opportunities and challenges posed by the technology. As...
Bank of London

The Bank of London announces leadership overhaul with Stephen Bell as CEO

The Bank of London, a rapidly growing financial institution, today announced a significant leadership transition.

The high cost of cybersecurity breaches on corporate reputation

Cybersecurity breaches pose a grave threat not only to immediate data security but also to the long-term reputation and financial stability.

IFC launches ClimaLab to bolster climate risk management in European FIs

The International Finance Corporation (IFC) has launched ClimaLab, a comprehensive initiative designed to empower European financial institutions in effectively managing climate-related risks.

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