Security
European Financial Services Providers, Banks Embrace Biometric Authentication
In Europe, financial services companies and banks are embracing biometrics, actively partnering with tech vendors and software developers to improve digital onboarding experiences, strengthen compliance functions, and enhance fraud prevention. Biometric authentication techniques, which use a person’s unique biological characteristics
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Biometric Startup iProov Announces $70M Investment
iProov, a leader in online biometric face authentication announced a $70 million (USD) growth investment from Sumeru Equity Partners. Headquartered in Silicon Valley, Sumeru invests in technology firms with the potential to change the world, with a particular emphasis on
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Acronis Appoints New Chief Marketing Officer
Acronis, a global leader in cyber protection, announced the appointment of Michael Callahan as its new Chief Marketing Officer. Callahan joins the team with extensive sales and marketing experience, serving in senior leadership roles at companies such as McAfee, HP,
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How Can Financial Institutions Put a Stop to Account Takeover Attacks
Financial Institutions (FI’s) can detect and prevent account takeover attacks using continuous monitoring and adaptive multi-factor authentication. Account takeover (ATO) fraud is one of the top causes of fraud losses for banks and financial institutions. An account takeover occurs when
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SafeBreach Secures US$53.5 Million in Series D Funding Round
Breach and attack simulation startup SafeBreach announced that it has raised US$53.5 million in Series D funding, bringing the company’s total funding to over US$106 million. Led by Sonae IM and Israel Growth Partners (IGP), the round was also joined
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Socure Secures US$450 Million Series E Fundraise at US$4.5 Billion Valuation
Socure, a provider of digital identity verification and fraud solutions, announced its significantly oversubscribed US$450 million Series E funding round at a US$4.5 billion valuation. The company achieved a US$4.5 billion valuation just seven months after its US$1.3 billion Series
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4 Priorities for Banks to Secure Digital and Mobile Channels
During the pandemic, the number of data breaches has increased drastically: cyberattacks targeting banks have even grown by 238 percent. This fraud surge goes hand in hand with the growing use of the mobile and digital banking channels. While this trend
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Sensible Daten mit Penetration Tests schützen
Der Begriff Cybersecurity ist nicht mehr wegzudenken für alle, die sensible Daten auf ihrem Computer oder in ihrem Netzwerk haben. Das geht im besten Fall weiter, als bloß ein gutes Antiviren-Programm und sichere Passwörter einzuführen. Ein guter Schutz vor Angriffen
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Stronger Mobile Application Security Is the Key to Revenue Growth
Financial institutions have been moving towards expanding digitisation for years, offering remote banking services, and prioritising the customer experience in digital platforms. In 2020, however, the COVID-19 pandemic has dramatically accelerated this shift. With less access to bank branches, the
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Swiss National Bank, SIX Launch the Secure Swiss Finance Network for Data Sharing
The Swiss National Bank (SNB) and SIX Swiss Exchange are launching the Secure Swiss Finance Network (SSFN) communication network to further improve the resilience of the financial system against cyber risks. It is aimed at secure, flexible and resilient data
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