Cohesity Research Finds UK Organisations Risk Rise in Ransomware by Rewarding Criminal Gangs
- 3 months 2 weeks ago
- Cybersecurity
Cyber resilience research commissioned by Cohesity, a leader in AI-powered data security, reveals the true cost of ransomware to finances and business operations and why overconfidence may be the cause. The Cohesity Global Cyber Resilience Report 2024 surveyed over 3100 IT and Security decision-makers in eight countries on the impact of cybercrime and their abilities to withstand attack, showing an increase in th
Mastercard Invests in Continued Defense of Global Digital Economy with Acquisition of Recorded Future
- 3 months 3 weeks ago
- Cybersecurity
Mastercard today expanded its cybersecurity services with an agreement to acquire global threat intelligence company Recorded Future from Insight Partners for $2.65 billion. The acquisition bolsters the insights and intelligence used to secure today’s digital economy – in the payments ecosystem and beyond. Recorded Future is the world’s largest threat intelligence company, with more than 1,900 clients across 75 countries, including the... more
Binance Teams Up With Macau Judiciary Police to Launch Joint Anti-Scam Campaign
- 4 months 2 weeks ago
- Cybersecurity
Binance is committed to enhancing the security of the crypto ecosystem by working closely with law enforcement agencies worldwide to combat and deter financial crime. As part of this commitment, Binance has partnered with the Judiciary Police of Macau to launch a joint anti-scam campaign designed to increase user awareness of online fraud and reduce the risk of scams through tailored anti-fraud alerts integrated into its system. An Anti-Fraud... more
Coincover Launches Protected Co-Signing for Ultimate Transaction Protection
- 8 months 2 weeks ago
- Cybersecurity
Coincover, the blockchain protection company, today announces the launch of its Protected Co-Signing product to reduce the risk in digital asset transactions further.
Barclays Urges Action as Investment Scams Rise by 29 Per Cent – With 6 in 10 Falling Victim on Social Media
- 8 months 2 weeks ago
- Cybersecurity
Investment scams accounted for a third (33 percent) of all money customers lost to scammers in 2023, up 23 percent year-on-year, according to Barclays data. Of all scam types, investment scams made up the greatest share of total claim values, with the volume of investment scams increasing by almost a third (29 percent).
Cytora and DynaRisk Partner to Help Insurers Understand and Reduce Cyber Risk
- 8 months 2 weeks ago
- Cybersecurity
Cytora, the leading digital risk processing platform, has partnered with cybersecurity company DynaRisk.
MAS and Mastercard Sign MoU to Enhance Cooperation in Cybersecurity
- 8 months 3 weeks ago
- Cybersecurity
The Monetary Authority of Singapore (MAS) and Mastercard today signed a Memorandum of Understanding (MoU) to enhance cooperation in cybersecurity, to strengthen cyber resilience in the financial services sector in Singapore. The strategic partnership aims to further cement the collaboration between MAS and Mastercard in:
PXP Financial Leverages Mastercard Tech to Fight Fraud
- 8 months 4 weeks ago
- Cybersecurity
PXP Financial, the expert in global acquiring, payment, fraud, and data analysis services, today announced it has received accreditation to become a Token Service Provider by global technology company Mastercard.
Blackberry Reports 1 Million Attacks on Global Financial Sector in 120 Days
- 9 months 3 weeks ago
- Cybersecurity
Silent Eight Announces Expansion of Partnership with HSBC To Provide Transaction Screening Solutions
- 10 months 2 weeks ago
- Cybersecurity
Silent Eight, a leading Regtech firm specializing in partnering with major financial institutions to drive efficiency, increased accuracy, and adaptability within their financial crime programs, today announced the expansion of its relationship with HSBC to implement Automated Alert Closure for Transactions automated investigation, and resolution of alerts in real-time.
Banks Can Tackle Financial Fraud by Using New Homomorphic Encryption Technology
- 10 months 2 weeks ago
- Banking, Cybersecurity
Criminals successfully stole over half a billion pounds over a period of just six months in 2023 through fraud, according to new research from UK Finance. The threat of fraud, coupled with the various regulatory demands placed on banks and financial institutions, means protecting customers and their data from outside threats is an increasingly tall challenge.
Nexo Partners with Sift to Protect Against Digital Risk & Streamline User Experience
- 10 months 3 weeks ago
- Cybersecurity
Nexo, the leading institution for digital assets, announced a partnership with Sift, the Leader in Digital Trust & Safety.
Revolut Launches AI Feature to Protect Customers from Card Scams and Break the Scammers "Spell"
- 10 months 3 weeks ago
- Artificial Intelligence, Cybersecurity
Revolut, the UK’s leading fintech with more than 35 million customers worldwide, has today announced the launch of an advanced scam detection feature to help protect customers from card scams. Revolut customers can now experience an added layer of security protection, on top of the technology already in place, to detect APP (Authorised Push Payment) scams, where criminals trick the user to get them to transfer money to another account.
FCA Stops Thousands of Misleading Ads and Promotions
- 10 months 3 weeks ago
- Cybersecurity
Over 10,000 financial adverts and other promotions were withdrawn or changed in 2023 following intervention from the Financial Conduct Authority (FCA), an increase of 17%, year-on-year. The FCA also published 2,285 alerts to help prevent consumers from losing their money to scams, up from 1,800 in 2022.
