Collaborate Disseminate
The global Wi-Fi market is projected to grow from $9.437 million in 2020 to reach $25.244 million by 2026, at a Compound Annual Growth Rate (CAGR) of 17.8% during the forecast period, according to ResearchAndMarkets. The major growth drivers for the ma… Continue reading Worldwide Wi-Fi market to reach $25.244 million by 2026
On the heels of Jumio announcing a $150 million injection this week to continue building out its AI-based ID verification and anti-money laundering platform, another startup in the space is levelling up. Feedzai, which provides banks, others in the financial sector, and any company managing payments online with AI tools to spot and fight fraud […] Continue reading Feedzai raises $200M at a $1B+ valuation for AI tools to fight financial fraud
While total combined fraud losses climbed to $56 billion in 2020, identity fraud scams accounted for $43 billion of that cost. Traditional identity fraud losses totaled $13 billion, Javelin Strategy & Research reveals. With traditional fraud, cons… Continue reading Total combined fraud losses climbed to $56 billion in 2020
While banks have been successful in reducing card fraud in recent years, a new and rising threat has emerged: synthetic identity fraud. By combining real and falsified information on digital platforms, financial criminals have been able to commit this … Continue reading How to stay ahead of the rise of synthetic fraud
A study of 117 organizations in the second half of 2020 showed that compliance department spending was projected to plateau in 2020 after several years of rapid growth, according to Gartner. In the period from 2017-2019 total compliance spend per 1,000… Continue reading Compliance department spending plateaued in 2020
Cybersecurity vulnerabilities among credit unions and their vendors create the potential for large financial impacts to the credit union industry, according to a Black Kite report. The research analyzed the cybersecurity posture of 250 NCUA credit unio… Continue reading The financial impact of cybersecurity vulnerabilities on credit unions
Low-code and no-code tools have been a huge hit with enterprises keen to give their operations more of a tech boost, but often lack the resources to handle more complex integrations. Today, one of the startups that has been building low-code finance tools is announcing funding to tap into that trend and expand its business. […] Continue reading Genesis raises $45M to expand its fintech-focussed low-code platform to more verticals
70% of financial services organizations are taking a strategic approach to identity verification to combat financial crime and stay one step ahead of fraudsters according to Trulioo. The research was conducted in the UK and the U.S. to explore how orga… Continue reading A strategic approach to identity verification helps combat financial crime
A financially-motivated hacking group that appeared to drop off the map a year-and-a-half ago is back with a new and improved backdoor, according to BitDefender research published Wednesday. Over the last year the criminal hacking group, known as FIN8, has primarily targeted companies in retail, technology, chemical and insurance industries with its updated point-of-sale malware, and has compromised organizations in the U.S., Canada, South Africa, Puerto Rico, Panama and Italy, according to the research. FIN8, which FireEye researchers first observed in operation in 2016, has historically targeted organizations in the retail, restaurant and hospitality industries with emails containing malicious Microsoft Word documents. The updated backdoor, known as BADHATCH, has incorporated screen capturing, proxy tunneling and fileless execution, the researchers write. The backdoor has also likely added in credential-stealing capabilities, according to the research. BitDefender does not identify which organizations have been compromised. An earlier version of BADHATCH, which researchers at […]
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Continue reading FIN8 cybercrime group resurges with improved hacking tool
Wrapbook, a startup that simplifies the payroll process for TV, film and commercial productions, has raised $25 million in Series A funding from noteworthy names from both the tech and entertainment worlds. The round was led by Andreessen Horowitz, with participation from Equal Ventures and Uncork Capital, as well as from WndrCo (the investment and […] Continue reading Entertainment payroll startup Wrapbook raises $27M round led by A16Z