Security

Lloyds Invests £10Million in Digital ID Firm Yoti

Lloyds Banking Group has invested £10 million in digital identity company Yoti to develop its new digital identity solution that will be launched later this year. Yoti offers a range of digital identity solutions that make it simple for people

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Biometric Attacks Proliferate; Become More Sophisticated

Biometric attacks are surging globally as threat actors are developing ever more sophisticated ways to circumvent security systems to commit fraud, a new report by iProov, a biometric authentication and identity verification provider, says. The iProov Biometric Threat Intelligence Report

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OneSpan Inks Deal to Acquire Aussie Blockchain Tech Provider ProvenDB

Cybersecurity technology company OneSpan has inked a deal to acquire Australia-based blockchain technology provider ProvenDB for an undisclosed sum. The transaction is anticipated to close during the first quarter of 2023 and is subject to customary closing conditions. Through this

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G+D Doubles Its Stake in Netcetera to 60%

Munich-based security technology group Giesecke+Devrient (G+D) is further expanding its stake in Swiss digital payments company Netcetera from 30 to 60 percent. Netcetera will still remain as an independent company following the share transfer that is planned for February 2023. Together

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Mastercard & Vesta Join Forces to Offer Enhanced Fraud Management Solutions

Mastercard and Vesta, an end-to-end fraud prevention platform for digital purchases, announced a new strategic partnership to provide a state-of-the-art fraud management platform for merchants across Latin America and the Caribbean. As the need and interest from consumers to shop

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UBS Leverages iProov’s Face Verification Technology for Bank Account Opening

UBS has partnered with London-based identity verification company iProov to offer automated identity verification during the account opening process. UBS launched the UBS key4 banking app earlier in the year to enable clients to carry out their banking transactions entirely

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CYBERA Raises Additional US$5M to Disrupt Financial Cybercrime

CYBERA Global Inc. has secured an additional US$5 million in what it says was an oversubscribed equity round led by Converge VC and New North Ventures. Founder Collective, Swiss venture capital firms Serpentine Ventures and CV VC, as well as

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Financial Crimes in the Metaverse

Business executives are bullish on the prospect of the metaverse, predicting sizeable commercial opportunities in taking part in immersive virtual environments. But despite the high level of interest, industry stakeholders are also growing increasingly concerned over the possible risks brought

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Hackers Tap Cross-Chain Bridges Vulnerabilities; Whopping US$2B Worth of Crypto Stolen

Hackers and cybercriminals are exploiting vulnerabilities found in cross-chain bridge protocols to siphon billions of dollars worth of cryptocurrencies out of wallets and smart contracts, a new report by blockchain analytics firm Chainalysis claims. A total of 13 separate cross-chain

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OneSpan’s Mobile Security Solution Snags the 2022 SC Award

Digital agreements security company OneSpan announced its Mobile Security Suite (MSS) has earned the coveted title of “Best Mobile Security Solution” for the 2022 SC Awards. Held by the CyberRisk Alliance and its flagship brand SC Media, the SC Awards

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