05/19/2023
Hudson partner launches cyber broker, plots MGA
Before joining HSCM, Von Herberstein was a senior underwriter at Ariel Re.
Cyber Security
05/17/2023
Avetta Launches Cyber Risk Solution to Give Companies 24/7 Visibility of Cybersecurity Risks in Their Supply Chain
New Avetta One tool identifies potential cybersecurity vulnerabilities and offers ongoing monitoring so suppliers can take actions to protect against cyberattacks
05/16/2023
Facctum launches anti-fincrime technology for Nigerian banks
Facctum uses a combination of cloud and state-of-the-art parallel processing technology
05/16/2023
ComplyAdvantage takes on payment fraud using machine-learning algorithms
Fraud Detection identifies over 50 of the most prevalent payment fraud scenarios faced by banks and other financial institutions through the millions of transactions they process every day.
05/15/2023
Cyber risk: Can banks win the arms race?
Constantly under threat from cyber criminals, the sector needs to be alert and react to new challenges
05/12/2023
Add another fraud fighter for the financial services sector list as ThreatFabric nets €11.5 million
The Amsterdam-based startup aims to use the seed funding to further expand its technical capabilities and expand its user base.
05/10/2023
Tide says UK’s anti-fraud strategy is “nowhere near enough”, calls for an industry levy
CEO Oliver Prill wants the government to rethink its decision to reimburse victims of authorised push payment fraud.
05/05/2023
Customer loses £60,000 to criminal posing as Santander's head of fraud
The imposter thanked the customer for confirming the £500 payment was fraudulent, but claimed further payments were being attempted.
05/05/2023
Modera Wealth Management LLC Invests in Cybersecurity Leader CrowdStrike Holdings, Inc.
CrowdStrike offers cloud-delivered protection across endpoints, cloud workloads, identity and data, along with threat intelligence.
05/03/2023
Three Partners Recognized As “Best of the Best” in Cyber Incident Response Work
Jennifer Archie, Tony Kim, and Serrin Turner again named to Cybersecurity Docket’s 2023 Incident Response 50 list.
04/24/2023
Identity fraud is costing banks big, and it’s burdening small banks the most
Document forgery was the most common type of identity fraud banks reported, with 54% of those surveyed saying they’d dealt with incidents involving modified documents in the past year.
04/24/2023
NCR reports cyber security incident
NCR is working with its own cybersecurity experts, external forensic cybersecurity experts, and federal law enforcement to investigate the incident.
04/24/2023
JMMB warns customers of cyberattacks
Look for the padlock symbol at the beginning of the address.
04/21/2023
CFPB fires employee who sent consumer data to personal email
The CFPB discovered the breach in February and informed lawmakers in March but the incident became public this week when it was reported by the Journal.
04/20/2023
‘Unprecedented’ warning over cyber threat to UK critical national infrastructure
This is particularly the case for those organisations key to CNI.
04/19/2023
A&O's U.S. IP team secures appeal victory for cybersecurity technology on behalf of Unified Patents
“Allen & Overy is committed to ensuring that our client’s mission to prevent unproven and illegitimate patent claims continues to succeed,” said David Tennant, partner in A&O’s Intellectual Property practice.
04/17/2023
574 cybercrime cases in Sharjah during 2022
The official said that electronic extortion is one of the most serious crimes at present, and it may push the victim to the brink of suicide.
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.
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.