Tagged: cybersecurity

September 8, 2024 @ 6:37 pm By Tony Zerucha  |  

SMB lending fraud has increased by a double-digit percentage year over year, with most lenders expecting fraud levels to increase in the coming months. This is one finding in the LexisNexis Risk Solutions Small and Midsize Business Lending Fraud Study. More than 80% of respondents… Read More

September 8, 2024 @ 4:13 pm By Michael Wong  |  

National legislatures will play a pivotal role in shaping the future of artificial intelligence (AI) and enhancing cybersecurity, according to a statement released by representatives of the Group of Seven (G7) countries. The statement was issued at the conclusion of the G7 Speakers’ Meeting held… Read More

September 8, 2024 @ 4:12 pm By Omar Faridi  |  

With the increasing reliance on digital processes, tools, and the economy itself, the financial services sector faces heightened exposure to operational risks, particularly Information and Communication Technology (ICT) risks. The latest volume of the Malta Financial Services Authority (MFSA)’s publication, “The Nature and Art of… Read More

September 6, 2024 @ 4:48 pm By Omar Faridi  |  

Kaspersky’s Global Research and Analysis Team (GReAT) has discovered a new Advanced Persistent Threat (APT) campaign carried out by the Tropic Trooper group. This operation has been targeting a governmental entity in the Middle East “for over a year, aiming to conduct cyberespionage.” To gain… Read More

September 2, 2024 @ 12:50 pm By Omar Faridi  |  

Uppsala Security, a provider of tools and services for crypto AML/CTF, transaction risk management, regulatory compliance, transaction tracking, and cybersecurity, is pleased to announce the collaboration between Chainkeeper, its Crypto AI-powered Investigator, and the Burrito Wallet. The joint venture between Chainkeeper and Burrito Wallet is… Read More

August 27, 2024 @ 2:39 pm By Omar Faridi  |  

Immunefi, the blockchain cybersecurity platform protecting over $190 billion in assets, has just released its Hacks & Token Prices Report, which is said to be the most comprehensive overview of the impact of hacks on the prices of protocols’ native tokens. This research report from… Read More

August 11, 2024 @ 4:22 pm By Michael Wong  |  

EQT AB has unveiled plans to acquire a majority stake in Acronis, a cybersecurity and data protection platform, as part of its strategic initiative to bolster the company’s growth and enhance its market footprint. The transaction, facilitated through the EQT X fund, will see EQT… Read More

August 5, 2024 @ 11:47 pm By Omar Faridi  |  

The research study, shared by cybersecurity firm Kaspersky, and entitled ‘Excitement, Superstition and great Insecurity – How global Consumers engage with the Digital World’ discloses controversial views among users regarding the protection of their personal information. For instance, 49% of respondents “consider covering the webcam… Read More

July 24, 2024 @ 1:13 pm By JD Alois  |  

Dazz, a cybersecurity firm, reports having closed a $50 million funding round. Greylock led the round, which included Cyberstarts, Insight Partners, and Index Ventures. In total, Dazz has raised $110 million in funding. Launched in 2021, Dazz focuses on “legacy vulnerability management” and addressing these… Read More

July 23, 2024 @ 10:36 pm By Omar Faridi  |  

With the development of this new project, Telefónica Tech has become one of BBVA‘s main strategic partners in cybersecurity. The bank will incorporate the latest advances of the technology company, “supported by its global experience and the advantages offered by intelligence to detect, identify and… Read More

July 16, 2024 @ 8:00 am By Omar Faridi  |  

The details of more than 600,000 bank cards around the world have been leaked on the dark web, according to a new report by cybersecurity company NordVPN. The research report uncovered that financial information “is being harvested from users through malware.” This malicious software is… Read More

July 15, 2024 @ 4:30 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) announced a significant shift in security protocols for major retail banks. Over the next three months, banks will gradually discontinue using One-Time Passwords (OTPs) for customers who use digital tokens, a… Read More

July 13, 2024 @ 8:56 am By Michael Wong  |  

Exein, a Rome, Italy-based company specializing in embedded IoT cybersecurity, announced it has secured €15 million (about $16.4 million) in a Series B funding round led by 33N, a firm focused on cybersecurity and infrastructure software investments. The round also included contributions from Partech and… Read More

July 8, 2024 @ 10:45 am By Omar Faridi  |  

Evolve Bank & Trust has provided detailed updates on its widely reported cybersecurity incident. Evolve Bank & Trust claims that it is on schedule “to commence individual notifications starting July 8, 2024.” These notifications will include “an offer of two years of comprehensive credit monitoring… Read More

June 5, 2024 @ 10:03 am By Omar Faridi  |  

Nowadays, cybersecurity has become a paramount concern for organizations of all sizes and industries. As cyber threats continue to evolve in complexity and sophistication, businesses are increasingly turning “to cybersecurity vendors for innovative solutions to safeguard their sensitive data.” However, in the ever-changing world of… Read More

June 3, 2024 @ 11:27 pm By Omar Faridi  |  

Uppsala Security, a provider of tools and services for crypto AML/CTF, transaction risk management, regulatory compliance, transaction tracking, and cybersecurity, announced a partnership with AhnLab Blockchain Company. Signed on April 30, 2024, the MoU focuses “on cooperation in next-generation virtual asset anti-money laundering (AML) security… Read More

May 23, 2024 @ 6:22 am By Omar Faridi  |  

Kaspersky has released its new sustainability report for H2 2022 and 2023, revealing the key results of the company’s most recent sustainable development initiatives and projects. The report encompasses five strategic areas “identified as the company’s ESG priorities: safer cyberworld, future tech, safer planet, people… Read More

May 11, 2024 @ 5:30 pm By Omar Faridi  |  

Widespread concerns are growing among US employees about escalating cybersecurity threats in the workplace, with 53% worried their organization will be the target of a cyber attack and a third (34%) worried that they may be the ones leaving their organization vulnerable due to their… Read More

April 15, 2024 @ 5:49 pm By Omar Faridi  |  

More than half of all devices (55%) targeted by password-stealer attacks in 2023 were infected with the Redline malware, Kaspersky Digital Footprint Intelligence has found. As the malware development market continues to flourish with new stealers, such as Lumma, for the last three years Redline… Read More

April 14, 2024 @ 10:40 pm By Omar Faridi  |  

Cyberattacks have more than doubled since the pandemic, according to a recent update shared by the International Monetary Fund (IMF). While companies have historically suffered relatively modest direct losses from cyberattacks, some have “experienced a much heavier toll,” the IMF report notes. US credit reporting… Read More