Category: cyber criminals

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Why Prioritizing Cybersecurity Makes Compliance Easier

Every month in 2019, a new high-profile data breach made headlines. More than a billion customers of various companies had their private information stolen by hackers or exposed to unsecured servers. This poor management of private data angered many – including lawmakers. New data privacy laws in California and New York take effect this year– and…
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15th January 2020 0

Spotting suspicious transactions: Why automation is the future of compliance

The compliance side of Fintech is Regtech, and the same automation technology can drive the growth of safe, legal digital payments. Southeast Asia’s Internet economy—the fastest and largest growth in the world—is primed for explosive growth. A report by Google, Temasek and Bain & Company found the region’s Internet economy to have crossed the US$100…
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9th January 2020 0

Kaspersky Eyes to Tackle Crypto Crimes That Are Costing the Industry Billions

With the total market capitalization of cryptocurrencies estimated to be more than US$200 billion, it’s evident to industry observers that the crypto industry has been rapidly on the rise in recent times. Inevitably, with the rise, comes bad actors who see it as an opportunity profit from it in unscrupulous ways. In the first half…
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3rd December 2019 0

Coinfirm partners with Kroll to help users recover lost or stolen crypto

Pawel Kuskowski, CEO at London-based Coinfirm, a company focused on developing regulations technology, or Regtech, for blockchain-based financial assets, estimates that there’s $10 billion in stolen cryptocurrencies. In order to help victims recover their funds, Coinfirm has partnered with cybersecurity firm Krollwire to launch ReclaimCrypto.com. There’s usually no recourse for people who’ve lost their crypto…
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4th November 2019 0

National Cyber Security Centre stops over 600 cyber-attacks in the UK across the year

The National Cyber Security Centre (NCSC) has revealed it has protected the UK from more than 600 cyber-attacks in the past year This announcement comes as the NCSC releases its third annual review where it also explains other actions it has taken to protect the public. This includes an initiative to stop hundreds of thousands of people…
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25th October 2019 0

GDPR non-compliance worse than feared

Over half of UK businesses do not yet appear to be fully GDPR-compliant, and many have de-prioritised their compliance efforts  As the European Union General Data Protection Regulation (GDPR) legislation nears its 18 month anniversary, research by security software supplier Egress has suggested that 52% of UK businesses are not fully compliant with the rules,…
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17th October 2019 0

Axonius nets $20m to support of cybersecurity asset management platform

Cybersecurity Asset Management company Axonius has netted $20m in its Series B round which was led by new investor OpenView. Existing backers of Axonius including Bessemer Venture Partners, YL Ventures, Vertex, WTI, and Emerge, also contributed funds to the round. The new proceeds bring Axonius’ total equity raised to $37m. The funding comes just months…
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30th August 2019 0

Paychex launches cyber liability product

Paychex has launched cyber liability protection which will help companies with costs from data breaches, hackers, ransomware and banking fraud. The new policy helps businesses mitigate the potential financial impacts of cyberattacks, with access to 24/7 crisis management. Policyholders get protection for potential fines or penalties from state or federal agencies if they are found…
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15th August 2019 0

Few UK firms are cyber insured despite financial losses

More than one-fifth of UK firms have been impacted financially by cyber attacks, yet potentially more than three-quarters of companies polled have never been insured for cyber-related losses  Some 22% of UK businesses have suffered a cyber attack that has cost them financially, according to a survey of more than 1,000 senior decision-makers from UK…
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8th July 2019 0

TypingDNA partners with XTN Security to help banks comply with PSD2

TypingDNA has partnered with cybersecurity startup XTN Security to help banks better defend themselves from fraud threats. As part of the deal, TypingDNA’s typing biometrics will integrate with XTN’s behavioural fraud prevention software to passively recognise users based on their typing patterns. With increased threats of cybercrime and regulations such as PSD2 and its strong…
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26th June 2019 0