ESMA slaps €408,000 penalty on derivatives firm due to EMIR data breaches
The European Securities and Markets Authority (ESMA) has fined DTCC Derivatives Repository for seven breaches of the European Market Infrastructure Regulation (EMIR).
Report finds suspected Chinese state-backed group targeting Asian telecoms
A cybersecurity report has found an alleged Chinese state-sponsored faction is attempting to hack telecommunications organisations in Taiwan, Nepal and the Philippines.
What are the money laundering and fraud concerns around electronic funds transfers?
As more and more people rely on cashless systems to move money around, there is a pressing need to understand how electronic funds transfers (EFTs) – specifically – wire transfers and automated clearing house (ACH) transfers – could be at risk from financial crime.
US court gives fraudster 7-year jail sentence following attempted $2m scam
A US federal judge has sentenced a Houston-based man to a 7-year jail sentence for his role in trying to steal over $2m from victims through romance scams and spoofed emails.
NanoLock Security eyes expanded footprint following $11m Series B
Israeli device protection and management firm NanoLock Security has raised $11m from a Series B funding round.
EU plans to introduce AML authority following financial crime uptick
The European Commission has announced plans to create a new Anti-Money Laundering Authority (AMLA) following a flurry of recent financial crime scandals.
Quantexa unveils latest version of risk detection tool to aid financial crime fight
Data and analytics software company Quantexa has introduced the latest updated version of its contextual monitoring and investigations solution Quantexa Syneo.
Cyber insurance market to exceed $20bn value by 2025, report finds
A report by GlobalData has found the cyber insurance industry is predicted to exceed a $20bn gross written premium (GWP) value by 2025.
Signicat bolsters RegTech footprint with Electronic IDentification acquisition
Norwegian digital identity firm Signicat has purchased identity software specialist Electronic IDentification (eID) for an undisclosed fee.
US will act on cybercriminals if Russia doesn’t, White House Press Secretary warns
US White House Press Secretary Jen Psaki has warned the Russian government that the US will take action against cybercriminal groups if the Russian government fails to do so.
