DeFi related hacks account for 76% of all major hacks in 2021
- 4 years 6 months ago
- Security, Cybersecurity
Decentralized finance (DeFi) is a system that allows for financial products to become available on a public decentralized blockchain network.
FiVerity Launches Cyber Fraud Network to Enable Financial Institutions to Securely Share Information on Fraudulent Identities
- 4 years 6 months ago
- Cybersecurity, Fraud Detection
First Ever Communications Network Brings Banks and Law Enforcement Together to Fight Back Against Fraudsters
UK Bank Account Fraud Soars During First Half of 2021
- 4 years 6 months ago
- Banking, Cybersecurity
Fraudsters targeting general accounts to facilitate criminal behaviour New technologies such as Machine Learning helping businesses identify more fraud New research from Experian has revealed that bank account fraud is now tracking at its highest level for more than three years. Drawing on the latest data from the National Hunter Fraud Prevention Service, the analysis uncovered an alarming surge in fraudulent activity targeting British... more
Radiflow’s New CIARA Release Revolutionizes Cybersecurity with OT Risk Platform
- 4 years 6 months ago
- Security, Cybersecurity, Risk Management
Recognized by Gartner as a Leading Vendor in the innovative Cyber-Physical Systems (CPS) risk management category, Radiflow’s ROI-driven OT risk assessment and management platform offers multi-site prioritization based on attack simulations, keeping teams better protected and within budget.
Blockchain Security Firm CYBAVO Raises $4 million in Pre-Series A Funding Round
- 4 years 7 months ago
- Blockchain, Security, Cybersecurity
Singapore-based blockchain security firm CYBAVO announces that it has raised $4 million USD in its Pre-Series A funding round. The round, completed in June, was co-led by global venture capital firm 500 Startups, Taiwan's H&D Asset Management Company and New Economy Ventures. Other investors from Taiwan, Silicon Valley, Singapore, Hong Kong and Japan also participated in the round.
40% of Businesses Feel Threatened by Cyber Incidents in 2021
- 4 years 7 months ago
- Security, Cybersecurity
Over the years, cyber attacks and data breaches became one of the biggest risks in the business sector, compromising sensitive data and causing a massive financial hit to companies and organizations worldwide.
SGT Capital Purchases Utimaco, the Global Leader in Cybersecurity Solutions
- 4 years 7 months ago
- Investment, Cybersecurity
- SGT Capital to purchase Utimaco, the global leading provider of mission-critical professional cybersecurity and data intelligence solutions for regulated critical infrastructures - Co-headquartered in Aachen, Germany, and Campbell, CA, US, Utimaco provides on-premises and cloud-based hardware security modules, as well as key management solutions and compliance solutions for governments and corporations globally
UK Reports £5.7m In Cyber Crime Financial Loss so Far this Year – with One Third Coming from Businesses
- 4 years 7 months ago
- Cybersecurity
From the start of 2021, the UK has reported a total of 14,883 instances of cyber crime, with the total losses of £5.7m Despite 90% of offences being made against the public, UK businesses have reported £1.9M of losses - a third of the total figure Offences involving hacking, social media and email account for 6.3k of reported incidents Primary targets for cyber crime appear to be tech-savvy individuals under 40
Crédit Agricole, Facebook, and Microsoft are the Most Impersonated Brands in URL Phishing Attacks
- 4 years 7 months ago
- Payments, Cybersecurity
Criminals continue to impersonate well-known brands to trick people into giving up their personal information.
Financial Services yet to Grasp Risk Management & ESG Opportunities
- 4 years 7 months ago
- Cloud, Cybersecurity, Risk Management
Half of Financial Services and Insurance (FS&I) businesses are missing the opportunity to implement technology which is vital to supporting risk management and compliance in line with regulatory standards, new figures from Atos reveal.
Cybercriminals Narrow their Focus on SMBs According to the Acronis Cyberthreats Report Mid-year Update
- 4 years 7 months ago
- Security, Cybersecurity
Despite the perception they are too small to target, SMBs are increasingly vulnerable due to supply-chain attacks and greater use of automation by ransomware groups
Increased Risk For Cyberattacks On Businesses Since Start Of The Pandemic
- 4 years 7 months ago
- Covid-19, Cybersecurity, Security
Avast Global Risk Report shows businesses in the United Kingdom have a monthly risk ratio of 11% of getting attacked by any type of PC malware
Google Play Protect Detects Only 31% of Android Stalkerware
- 4 years 7 months ago
- Security, Cybersecurity
Venari Security Raises Series A Funding to Help Organisations Fight Back Against Rapidly Growing Encrypted Traffic Threat
- 4 years 7 months ago
- SaaS, Security, Cybersecurity
Biggest names in security invest in ground-breaking solution to detect encrypted malware threats in real-time
Global FinTechs can Get Powerful Encryption Technology with Cloud-based Security
- 4 years 7 months ago
- Cloud, Security, Cybersecurity, Compliance
FinTech has been an incredible boon to people around the world during the recent pandemic, and has allowed millions of people who previously had no access to banking or lending to leave the 1.7 billion unbanked.
