Tagged: security

September 1, 2020 @ 9:13 am By Omar Faridi  |  

Ethereum Classic (ETC), which only has about 3% of the total hashpower (computing resources securing blockchain networks) that’s currently being used to secure the much larger and arguably more secure Ethereum (ETH) network, recently experienced another serious 51% attack. These types of attacks can occur… Read More

July 13, 2020 @ 9:58 pm By Omar Faridi  |  

The US Secret Service, a federal law enforcement agency operating under the Department of Homeland Security and responsible for conducting criminal investigations and protecting the country’s leaders and their family members, has established the Cyber Fraud Task Force (CFTF). The CFTF has been formed after… Read More

July 8, 2020 @ 10:32 am By Samantha Hurst  |  

  Kangaroo, a smart home security company, is now seeking funds through its regulation crowdfunding (Reg CF) campaign through funding platform Republic.  Founded in 2018, Kangaroo states its security systems have a singular aim of making the world safer. The company notes it wants to… Read More

July 7, 2020 @ 12:59 pm By Samantha Hurst  |  

Blockchain security and analytics firm Chainalysis announced on Tuesday it raised an additional $13 million to expand its Series B round to $49 million with an investment from Ribbit Capital and Sound Ventures.  Founded in 2014, Chainalysis claims it offers cryptocurrency investigation and compliance solutions to global law enforcement… Read More

July 1, 2020 @ 1:31 pm By Samantha Hurst  |  

Keevo, U.S.-based next-gen crypto hardware wallet provider, announced on Wednesday announced a strategic partnership with Iron Mountain (NYSE: IRM), the storage and information management services company enabling digital transformation, to deliver advanced backup and beneficiary services for users of its crypto wallet, the Keevo Model… Read More

June 10, 2020 @ 1:41 pm By Samantha Hurst  |  

NS8, a U.S.-based online fraud detection and prevention for small-and-medium-sized businesses (SMEs), announced on Wednesday it secured $123 million through its Series A funding round, led by Lightspeed Venture Partners with additional backing from AXA Venture Partners. Founded in 2016, NS8 stated it safeguards online businesses… Read More

May 20, 2020 @ 3:02 pm By Samantha Hurst  |  

Coalition, the leading cyber insurance and security company, announced on Wednesday it has raised $90 million through its Series C funding round, which was led by Valor Equity Partners with participation from Felicis Ventures, Greyhound Capital, and Coalition’s existing investors. Founded in 2017, Coalition states… Read More

May 7, 2020 @ 12:30 pm By Omar Faridi  |  

Canada has decided to postpone its upcoming Open Banking review due to the COVID-19 outbreak. The Canadian government-led Open Banking policy review was scheduled to consult stakeholders on applicable standards, in order to provide better consumer data protection. The review was supposed to take place… Read More

April 10, 2020 @ 8:50 am By Samantha Hurst  |  

MoonPay, a U.S. fintech company that builds develop tools for fiat-to-crypto connectivity, announced on Thursday it has appointed Nils Puhlmann as its new security advisor. According to his Linkedin profile, Puhlmann has held various positions in the cybersecurity industry, including being named Chief Trust and … Read More

April 9, 2020 @ 12:32 pm By Samantha Hurst  |  

Keyno, a U.S.-based startup that created CVV2 code technology that integrates with already-issued credit cards to prevent fraud, announced it will seeking funding through equity crowdfunding platform Wefunder. Founded in 2019 by Robert Steinman, Keyno describes itself as a dynamic security code that can easily… Read More

March 24, 2020 @ 7:58 am By Omar Faridi  |  

Chainalysis, a leading blockchain analytics and security company, has teamed up with Paxful, a major peer-to-peer (P2P) digital asset exchange. The partnership involves Chainalysis helping  Paxful with enhancing its compliance and KYC processes. Paxful will reportedly be using Chainalysis’ know your transaction (KYT) and “reactor”… Read More

January 31, 2020 @ 10:15 am By Samantha Hurst  |  

UK-based challenger bank Monzo announced earlier this week it has up’ed its security measures by upgrading its 3D Secure feature, which is a payment standard that aims to reduce e-commerce fraud by adding two-factor authentication to online transactions. The upgraded version of 3D Secure will… Read More

January 3, 2020 @ 8:39 am By Omar Faridi  |  

JPMorgan Chase, the largest US bank and the sixth-largest in the world, will reportedly be enforcing stricter security policies and measures by preventing third-party Fintech applications from gaining access to user passwords. The current method of data sharing offers (with permission) several external Fintech apps… Read More

November 12, 2019 @ 1:20 am By Omar Faridi  |  

Immersive Labs, a UK-founded cybersecurity skills platform, raised $40 million through a Series B investment round led by Summit Partners, a growth equity investor. New York-based investment bank Goldman Sachs also took part in Immersive’s latest funding round. Established in 2017, the company noted that… Read More

October 18, 2019 @ 9:42 pm By Samantha Hurst  |  

IdentityMind Global, a SaaS RegTech platform that builds, maintains and analyzes digital identities worldwide, announced on Thursday it has formed a new partnership with Acuant, a global provider of identity verification solutions, to strengthen digital identity proofing.  IdentityMind reported that through the partnership Acuant’s identity… Read More

October 16, 2019 @ 3:14 pm By Omar Faridi  |  

CipherTrace, the leading provider of cryptocurrency intelligence and blockchain security, announced on October 15 the launch of a comprehensive virtual asset tracing capability.  According to a press release shared with Crowdfund Insider, CipherTrace customers can trace Bitcoin (BTC) transactions and over 700 digital tokens following… Read More

September 20, 2019 @ 9:23 am By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com announced on Friday it has officially achieved Level 3 compliance with the Cryptocurrency Security Standard (CCSS). According to Crypto.com, Level 3 is considered the highest and strictest level achievable. After rigorous security audits by a team of cybersecurity and compliance… Read More

September 10, 2019 @ 3:47 pm By Samantha Hurst  |  

Blockchain security company CipherTrace announced on Tuesday the launch of its open-source Travel Rule Information Sharing Architecture (TRISA) solution. According to CipherTrace, TRISA enables cryptocurrency exchanges to comply with new funds Travel Rule requirements. CipherTrace revealed that Virtual Asset Service Providers (VASPs) may immediately begin… Read More

August 27, 2019 @ 10:21 am By Samantha Hurst  |  

 TD Bank announced on Tuesday its latest survey reveals cyber fraud and technological solutions are top of mind for finance and treasury professionals. According to TD Bank, 42% of respondents cited organizations’ struggles to improve legacy systems as the greatest challenge facing payments professionals. Last… Read More

August 21, 2019 @ 11:05 am By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com announced on Wednesday a range of enhanced security measures including Two Factor Authentication (2FA) for certain transactions and insurance of digital assets. The crypto portal also launched of a new Security Page, which outlines its commitment to maintaining industry-leading security… Read More