Security News
Founded by seasoned compliance veterans, DigiPli is transforming Anti-Money Laundering and Know Your Customer protocols for FinTechs and other financial services firms. DigiPli announces the official launch of its holistic Onboarding-as-a-Service solution, which addresses a financial institution's complete onboarding and KYC needs.
Entrust has announced a partnership with Netcetera to help financial institutions combat fraud associated with card-not-present transactions. The combined solution allows issuing banks to perform real-time risk analysis of online transactions based on a wide range of factors, and then to challenge the user with Strong Customer Authentication if a CNP transaction surpasses the risk threshold.
LexisNexis Risk Solutions published survey results of U.S. and Canadian compliance professionals on the range of challenges that financial institutions have experienced during the COVID-19 pandemic. The survey outlines the issues that many financial institutions encounter today and finds that the pandemic continues to test the resilience and agility of businesses across every market.
SWIFT is the world's largest provider of secure financial messaging services to banks and other financial institutions. To help financial institutions detect, defend and recover from cyberthreats, SWIFT designed its Customer Security Program in 2016.
The finance veteran joins VGS on the heels of a monumental year for the company as it secured $60 million in new funding and more than doubled its customer base. VGS' Zero Data approach to security and compliance eliminates organizations' need to store sensitive information within their own systems.
In the industry's five-year outlook, hybrid cloud is the only IT model showing positive growth among financial company respondents, and it is expected to increase by 39% in that timeframe. 43% of financial services companies plan to increase their investment in private cloud over the next year, 10% higher than the global average - pinpointing that private cloud adoption is crucial to creating a modern hybrid cloud.
Lacework announced the appointment of Mike Staiger as Chief Financial Officer. Staiger brings more than 25 years of executive leadership in public and venture-backed private technology companies.
The United States Department of the Treasury's Financial Crimes Enforcement Network has issued an alert to warn financial institutions of fraud and cyberattacks related to COVID-19 vaccines. In its newly released alert, FinCEN tells financial institutions to be wary of "Potential for fraud, ransomware attacks, or similar types of criminal activity related to COVID-19 vaccines and their distribution."
Xerox announced Xavier Heiss as chief financial officer, a role he's filled on an interim basis since the end of September. He reports to John Visentin, Xerox vice chairman and chief executive officer.
Financial cybercrime in 2021 is set to evolve, researchers say, with extortion practices becoming more widespread, ransomware gangs consolidating and advanced exploits being used more effectively to target victims. According to Kasperky, ransomware - above all - will continue to be a main scourge in the year ahead. "Due to their successful operations and extensive media coverage this year, the threat actors behind targeted ransomware systematically increased the amounts victims were expected to pay in exchange for not publishing stolen information," researchers said in a Monday posting.