The cost of data breaches globally is growing, with the average cost of a data breach in 2021 totalling a staggering $4.24 million, according to the latest IBM report - a 10% increase from the previous year and the largest single-year cost increase in the last seven years. Data leaks also likely accounted for a majority of breaches with the most common attack vector being compromised credentials.

The rapid advancement of technology has made our lives easier in countless ways. Unfortunately, with these advances has come an increase in cybercrime as online fraudsters adapt their strategies to reach new victims.

In the past, criminals used manual processes to scam victims by mailing letters, sending faxes, and making phone calls, but modern tech has put a new spin on old fraud schemes, and today’s fraudsters are using email, messaging platforms and social media to reach targets inexpensively and easily.

OTC Markets Group Inc., operator of regulated markets for 12,000 U.S. and international securities, announced that Invest Securities, a multi-expert investment services provider, has been designated as an OTCQX sponsor.

UK-based multinational banking giant Barclays has reportedly bought into crypto custody firm Copper’s latest raise, concluding long-standing talks with investors in the round which had been delayed since November.

Moove, the world’s first mobility fintech and Uber’s largest vehicle supply partner in EMEA, is announcing its launch in India as a part of its global expansion. Moove, which provides revenue-based financing to mobility entrepreneurs, has expanded from its African roots to Mumbai, Hyderabad, and Bangalore to provide accessible vehicle financing to driver partners on Uber’s platform. 

Better Opinions, a Y-Combinator-backed company, has raised $2.5Mn from investors including Metaplanet VC and Goldwater Capital. The investors participating in the seed round include YCombinator, Taurus VC, Original Capital, Tremis Capital, Super Capital,  and other investors, including angel investors.

The Government Blockchain Association (GBA) has published the Blockchain Maturity Model (BMM) Assessment Requirements. This is the second published document in the BMM Series. Why is the GBA establishing the Blockchain Maturity Model?

Over more than a decade, OctaFX has managed to accomplish numerous achievements. Today, clients from over 150 countries have opened more than 12 million trading accounts with the broker. To become even closer to its clients, OctaFX decided to adopt a fresh new look: with refined colours, space-inspired elements, and a new logo.

The concept

Officially supported by NITI Aayog, the 10th edition of Big BFSI Future Tech Show & Awards is convening top-tier CXOs in India; to exchange information and effective techniques as they prepare for the next phase of tech-powered growth in India. Big BFSI Show and Awards is set to take place on 27 July 2022 at the Taj Lands End in Mumbai.

Neon Raises $80M to Expand Product Access