Identification/Background checks

The DarkSide ransomware variant that was responsible for bringing operations at a US pipeline to a standstill last week has allegedly shut down.

Getting to grips with the threat of financial crime looms large in the minds of banks, especially as more of the world goes online. Not being able to manage modern financial crime could be terminal for them, but data could be the key to the solution.

Ireland’s healthcare service has temporarily been forced to shut down its computer systems as a precaution following a significant ransomware attack.

While KYC and onboarding verification have traditionally been a manual process, embracing automation and modern technology is the way ahead.

Payments juggernaut Stripe has acquired card authentication technology company Bouncer for an undisclosed amount.

Insurance juggernaut AXA has suffered a cyberattack which saw it lose 3 TB of sensitive data from its Asian operations.

A report by Verizon has found that over 85% of data attacks in 2020 involved some form of human interaction.

German financial regulator BaFin has ordered challenger bank N26 Bank to implement appropriate controls and safeguards to prevent money laundering and terrorist financing.

US enterprise security firm BluBracket has closed a $12m Series A round led by Evolution Equity Partners.

Authomize, an identity and security management platform, has scored $16m in its Series A round, alongside its launch out of stealth.