Tagged: cyber

September 3, 2025 @ 6:14 pm By Omar Faridi  |  

In a recent cyberattack, hackers recently infiltrated the systems of Sinqia S.A., the Brazilian subsidiary of fintech Evertec, in an audacious attempt to siphon off $130 million. The breach, which has sent shockwaves through the financial technology sector, underscores the growing threat of cyberattacks on… Read More

August 29, 2025 @ 3:18 pm By Omar Faridi  |  

In a new cybersecurity incident, TransUnion (NYSE: TRU), one of the three major credit bureaus in the United States, has revealed a data breach compromising the personal information of more than 4.4 million consumers. The breach, disclosed on August 28, 2025, underscores the growing vulnerabilities in… Read More

August 15, 2025 @ 9:00 am By JD Alois  |  

Recently, the UK government announced plans to tackle rampant ransomware, proposing a solution that bans certain entities from paying the perpetrators. Ransomware costs the UK economy millions of pounds each year due to cyber extortionists. According to Chainalysis, the total value of payments made to… Read More

August 9, 2025 @ 10:07 am By Omar Faridi  |  

In the cybercrime, ransomware space, there remains a persistent and growing threat, with new groups emerging to exploit vulnerabilities and extort organizations worldwide. A report from TRM Labs provides a detailed analysis of the Embargo ransomware group, its sophisticated tactics, techniques, and procedures (TTPs), and… Read More

August 7, 2025 @ 4:40 am By Omar Faridi  |  

In a report released by TRM Labs, titled Shadow Bankers: Illicit Actors in Crypto Networks, the blockchain analytics firm delves into the clandestine world of cryptocurrency-enabled financial crime. The document provides a comprehensive analysis of how illicit actors exploit decentralized finance (DeFi), centralized exchanges, and… Read More

July 30, 2025 @ 8:34 am By JD Alois  |  

Legion, a browser-native AI Security Operations Center (SOC), is reporting a $38 million Seed round while emerging from stealth mode. The company notes that it has previously raised an early seed round. According to a note from the company, funding was led by Coatue, with… Read More

June 20, 2025 @ 8:38 am By Omar Faridi  |  

A Kaspersky study found that 7% of industrial organizations tackle vulnerabilities only when necessary. This leaves them exposed to unplanned downtime, production losses and the reputational and financial damages “that can result from possible cyber breaches.” This alarming trend was highlighted in a survey conducted… Read More

June 6, 2025 @ 1:02 pm By Omar Faridi  |  

ThetaRay, a global firm focused on Cognitive AI financial crime compliance, and Spayce, a cross-border payments platform, announced a partnership to combat evolving financial threats and enhance global payment security. The announcement comes at a time “when the financial crime landscape is undergoing a transformation.”… Read More

May 29, 2025 @ 9:13 am By JD Alois  |  

Coinbase (NASDAQ:COIN) recently revealed that it had been the target of a hack that was enabled by certain insiders. The event embarrased the crypto exchange as it has long sought to lead the sector in security and safety. Today, Irdeto, a Dutch cybersecurity firm, says it has… Read More

May 23, 2025 @ 10:14 am By Michael Wong  |  

StackHawk, a shift-left API security platform, has raised $12 million in additional funding from Sapphire and Costanoa Ventures to accelerate its efforts in securing software built with AI-assisted development tools. The latest investment brings the company’s total funding to $47.3 million. The funding will be… Read More

May 20, 2025 @ 11:30 am By Nikolay Mironenko  |  

Fraud has escalated into a major threat within the fintech sector. In 2024, global financial crime losses—including scams, cyberattacks, and identity fraud—are estimated to have reached $485.6 billion, according to Nasdaq’s Global Financial Crime Report. This surge is largely fueled by the rise of AI-driven… Read More

April 28, 2025 @ 12:01 pm By JD Alois  |  

Adyen (ADYEN:AMS), a multi-faceted payments provider, was hit by a Distributed Denial of Service (DDoS) attack last week. In a blog post, Adyen said the attacker was targeting their European data centers, with certain services experiencing degraded service or outages. The attack was marked as “resolved”… Read More

April 8, 2025 @ 12:06 pm By JD Alois  |  

Cybersecurity for crypto firm Octane has announced a $6.75 million seed round as it emerges from stealth mode. Winklevoss Capital and Archetype led the funding round. Other investors include Gemini, Circle, Legion Capital, Druid Ventures, Duke Capital Partners, and strategic angels Balaji Srinivasan, Sina Habibian,… Read More

December 18, 2024 @ 8:43 pm By Omar Faridi  |  

CyberCube, the provider of cyber risk analytics for the insurance industry, has signed a multi-year partnership with Mathison Insurance Partners. The collab marks a key milestone in empowering Mathison to deliver “cyber risk solutions to its retail partners and clients.” Mathison Insurance Partners, a specialist… Read More

October 28, 2024 @ 2:20 pm By Omar Faridi  |  

Infosec VC (venture capital) funding in North America and Europe is in the midst of a “rebound,” according to a report from PitchBook which noted that that the ecosystem is driven primarily by late-stage rounds. PitchBook pointed out that they have tracked $8.8 billion in… Read More

October 27, 2024 @ 8:14 pm By Omar Faridi  |  

Kaspersky’s Global Research and Analysis Team (GReAT) uncovered a sophisticated malicious campaign by the Lazarus Advanced Persistent Threat (APT) group, targeting cryptocurrency investors worldwide. The attackers allegedly used a “fake” cryptogame website that exploited a zero-day vulnerability in Google Chrome to “install spyware and steal… Read More

October 1, 2024 @ 10:43 am By JD Alois  |  

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning individuals and entities affiliated with Evil Corp, a cybercriminal operation based in Russia. OFAC is taking the action in partnership with the United Kingdom’s Foreign, Commonwealth & Development Office (FCDO) and… Read More

May 13, 2024 @ 7:44 am By Omar Faridi  |  

Cloudflare, Inc. (NYSE: NET), the connectivity cloud company, announced a partnership with the United States Department of Treasury and Pacific Northwest National Laboratory (PNNL) under the US Department of Energy in order “to improve the cyber resilience of the financial services industry by sharing an… Read More

May 7, 2024 @ 12:18 pm By JD Alois  |  

Wiz is reporting a $1 billion funding round that delivers a $12 billion valuation for the firm. In total, Wiz reports that it has raised $1.9 billion in funding. According to the company, the funding was led by big-name investors, including Andreessen Horowitz, Lightspeed Venture… Read More

May 2, 2024 @ 10:18 am By JD Alois  |  

Artificial Intelligence (AI) firm Apex is reporting a $7 million Seed round led by big-name investors. According to Apex, which has just emerged from stealth, Sequoia Capital and Index Ventures led the funding. Other prominent investors included Sam Altman, CEO of OpenAI. Apexi is a security… Read More