Identification/Background checks

Magic Labs (formerly Fortmatic), a decentralised identity startup that provides passwordless login solutions, has raised $27m in a Series A funding round.

An advisory by the FBI and the Cybersecurity and Infrastructure Security Agency (CISA) has revealed Chinese state-backed hackers breached 13 US pipelines between 2011 and 2013.

The FBI has warned of potential cyber threat actors targeted the upcoming Olympic Games in Tokyo this summer.

Estonian identity verification firm GetID has launched a know-your-customer (KYC) flow builder to help customers set up and deploy personalised online verification procedures.

FinTech companies continue to rake in millions of dollars with a slew of startups graduating to the unicorn club. The 42 ventures in the sector that topped up their accounts last week are proof of that.

The US government has unveiled a new website designed to provide businesses with greater knowledge of the threat posed by ransomware to their companies.

The US government has introduced a new interagency task force aimed at combating the increasing challenge of ransomware on the United States.

Despite banks investing countless resources to counter cybercriminals, social engineering attacks and phishing schemes are still rampant. However, with OneSpan's Cronto transaction signing solution, banks can not only mitigate fraud risks but also boost user experience.

Polish fraud protection firm Nethone has bagged $6.7m from a Series A funding round co-led by ARIA and Atmos Ventures.

US cloud-native identity governance firm SecurEnds has closed a $21m Series A funding round led exclusively by venture capital company Elephant.