Evolve Bank Shares Data Breach Details as Fintech Firms Report Being Hit

Fintech companies Wise and Affirm are impacted by the data breach at Evolve Bank, which has shared additional details on the recent ransomware attack.
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Airwallex raises $200M at a $4B valuation to double down on business banking

Business, now more than ever before, is going digital, and today a startup that’s building a vertically integrated solution to meet business banking needs is announcing a big round of funding to tap into the opportunity. Airwallex — which provides business banking services both directly to businesses themselves, as well as via a set of […] Continue reading Airwallex raises $200M at a $4B valuation to double down on business banking

Revil hackers hit State Bank of Chile with ransomware attack

By Sudais Asif
REvil hackers (aka Sodinokibi group) was also behind several other ransomware attacks.
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Give a Man a Phish, and You Entertain Him For a Day

With millions of phishing attempts happening daily, we’ve probably all had our fair share of coming across one. For the trained or naturally suspicious eye, it’s usually easy to spot them — maybe get a good chuckle out of the ridiculously bad ones along the way — and simply ignore …read more

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Copied master key forces South African bank to replace 12 million cards

Fraudsters stole more than $3.2 million from the banking division of South Africa’s post office, after – in a catastrophic breach of security – employees printed out the bank’s master key. According to South African media report… Continue reading Copied master key forces South African bank to replace 12 million cards

Eigen nabs $37M to help banks and others parse huge documents using natural language and ‘small data’

One of the bigger trends in enterprise software has been the emergence of startups building tools to make the benefits of artificial intelligence technology more accessible to non-tech companies. Today, one that has built a platform to apply power of machine learning and natural language processing to massive documents of unstructured data has closed a […] Continue reading Eigen nabs $37M to help banks and others parse huge documents using natural language and ‘small data’

UniCredit leaks 3 million customer records in data breach

Italian banking giant UniCredit has suffered a “data incident” that exposed 3 million customer records, including full names, phone numbers and email addresses. UniCredit issued an urgent security notice yesterday announcing that a file con… Continue reading UniCredit leaks 3 million customer records in data breach