04/14/2023
Bank fraudster jailed
Cyber crime investigators found Kupcevich was using stolen identities to commit fraud and open bank accounts through which he would launder the illicit earnings.
Cyber Security
04/12/2023
Latitude Financial refuses to bow to ransomware demands
The firm has responded defiantly to the demands, saying that it will not pay a ransom, a position that is in line with Australian government policies.
04/11/2023
US says crooks using DeFi to launder illicit proceeds
Other issues being exploited by crooks are that some DeFi services are out of scope for existing AML/CFT obligations, weak controls in other countries, and poor cybersecurity controls by providers.
04/11/2023
DeNexus launches new version of its cyber platform
This helps (re)insurers and ILS investors commit appropriate risk capacity and develop better solutions to cover cyber risk.
04/06/2023
Cybercrime marketplace shut down
The bots would give criminals access to all the data pertaining to an individual identity, such as cookies, saved logins and autofill form data.
03/21/2023
Mastercard acquires Swedish cyber-security firm Baffin Bay
The acquisition further strengthens Mastercard’s broader services offerings beyond the payment transaction as it moves to integrate its solutions into an all-ecompassing cyber service.
03/20/2023
FERC Approves New Cybersecurity Standards for Low-Impact Electric Assets
This directive expands upon, and replaces, a previous cybersecurity standard, Reliability Standard CIP-003-8, which applied only to high- and medium-impact BES assets.
03/20/2023
AXA XL backs new cyber-MGA Intangic
Intangic MGA has worked with Axa XL for its cyber policy, CyFi, which is underwritten by Axa XL Insurance Company UK Ltd.
03/17/2023
Hashkey and Slowmist partner for digital assets play
The goal of the partnership is to explore and develop comprehensive security standards and solutions that will safeguard HashKey Group's various business lines.
03/16/2023
Banks take action as more than $2bn is lost to crypto investment scams
As the FBI reveals scams are on the rise, banks are taking action to protect customers from fraud.
03/16/2023
SEC proposes tighter cybersecurity rules
Cybersecurity risk also can be caused by the errors of employees, service providers, or business partners.
03/13/2023
How is Cybersecurity Awareness in Africa Putting Companies in Danger?
Cybersecurity awareness company KnowBe4 revealed in its latest poll that significant work needs to be done before citizens of Africa can be considered safe against online threats.
03/07/2023
Westpac adds anti-scam feature
Chris de Bruin, chief executive, consumer and business banking, Westpac, says: "Our latest customer scam data revealed customer losses reached a new record high in December, doubling from the year prior.
03/07/2023
What is Ransomware infection and Can ransomware be removed?
Once the victim clicks on the link or downloads the attachment, the ransomware is downloaded onto the computer.
03/07/2023
Cyber Tec Security launch operations in Crown Dependencies
Louise Ralston, Director of Operations commented: “This is a great move for Cyber Tec Security for a number of reasons; we’ve got considerable experience and the knowledge that comes with it to offer something new and different across the crow
03/06/2023
How to protect your business from the most common cyber threats
Why Multi-Factor Authentication is a vital security feature
03/03/2023
Cyber firm Darktrace hires EY for review of finances
The company is headquartered in Cambridge and San Francisco – while it is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
03/02/2023
Sure Business secures two cybersecurity partnerships
The partnerships expand Sure Business’s portfolio of cybersecurity products to provide customers with high-level protection from cyber threats.
02/27/2023
Mastercard, Vesta to Offer Fraud Management Solutions for APAC Merchants
The combination of the cyber security solutions include behavioral biometrics, pre-dispute resolution, and identity verification, and Mastercard’s market expertise.
02/24/2023
HSC reprimanded over data protection shortcomings
In this case, staff had not completed the mandated training required and poor follow-up procedures failed to identify the disconnect.