Tagged: security

July 17, 2023 @ 9:09 am By Omar Faridi  |  

German regulatory authority BaFin has reportedly extended measures at digital bank N26 in an effort to prevent illicit activities. In 2019, BaFin issued an order targeting N26, telling the Fintech to “take appropriate internal safety measures” for the prevention of money laundering and terrorist financing…. Read More

July 12, 2023 @ 7:29 am By Omar Faridi  |  

Veriff, a global identity verification provider, today announced it has achieved certification against the UK government’s Digital Identity and Attributes Trust Framework (UKDIATF), a government initiative aimed at “establishing a secure and trustworthy digital identity ecosystem in the region as a part of its digital… Read More

July 9, 2023 @ 12:55 pm By Omar Faridi  |  

Multichain has reportedly halted its network on a suspected $130 million hack, a move that has come just a month after the initiative’s CEO disappeared. The Multichain service stopped currently, and all bridge transactions will be stuck on the source chains. There is no confirmed… Read More

July 8, 2023 @ 10:45 am By Omar Faridi  |  

The Bank for International Settlements (BIS) recently shared its seven-point plan developed to assist nations with preventing cybersecurity incidents/hacks as a response to the new wave of digital national currencies (or CBDCs) currently under development. Approximately 130 different countries are currently exploring the feasibility of… Read More

July 2, 2023 @ 2:20 pm By Omar Faridi  |  

With a focus on technology, efficiency, and security for fleets and drivers, PURE Freight Lines LTD, a logistics and transportation firm, is announcing new partnerships with Relay Payments and Amous TMS. The three-way collaboration reflects PURE’s focus “on modernizing operations and reducing diesel fuel fraud… Read More

July 1, 2023 @ 6:59 am By Omar Faridi  |  

In efforts to further strengthen its online banking ecosystem and protect its customers, Maybank announced that it has successfully completed the migration to Secure2u for online banking services including bill payments and DuitNow, FPX and IBG transactions. Maybank is fully supportive of and has “completed… Read More

June 28, 2023 @ 2:22 pm By Omar Faridi  |  

Resistant AI, an artificial intelligence (AI) and machine learning security company that protects financial services from financial crime, announced it has “expanded its Series A funding to $27.6 million, having raised an additional $11 million investment from Notion Capital.” This adds to the existing funding… Read More

June 25, 2023 @ 7:12 pm By Omar Faridi  |  

Amidst all the bank failures, web3 hacks, and custodian collapses of the last year, “one thing is clear: self-custody is the only security model you can truly count on,” the team at Casa noted in a recent update. The best defense for your ether against… Read More

June 23, 2023 @ 11:24 am By Omar Faridi  |  

Monero’s encryption tech, which makes use of signatures from several different users to conceal who has carried out a monetary transfer, has reportedly not been hacked by any nation (at least it has not been widely reported). As reported by Fast Company, analysts with the… Read More

June 23, 2023 @ 8:34 am By Omar Faridi  |  

Uppsala Security, a global cybersecurity pioneer headquartered in Singapore, announced the relaunch of ChainKeeper, their security platform, which now includes a brand new SaaS model. With this update, the company further “cements its commitment to providing robust, comprehensive, and user-friendly cybersecurity tools for the ever-evolving… Read More

June 22, 2023 @ 2:29 pm By Omar Faridi  |  

Genesis Global, the low-code application development platform purpose-built for financial markets organizations, announced it has “been certified as SOC 2 Type 2 compliant and adheres to the highest industry standards for data security.” The Systems and Organization Controls (SOC) standards are “governed by the American… Read More

June 19, 2023 @ 11:26 pm By Omar Faridi  |  

As the world of blockchain continues to evolve, innovative applications and new kinds of collaboration are “emerging to tackle various challenges.” Frac, a platform in the high-value fractional asset trading market, has adopted vechain’s propriety technologies “to increase security and add immutable authentication to their… Read More

June 12, 2023 @ 12:47 pm By Omar Faridi  |  

Immersive Labs, a firm focused on people-centric cyber resilience, and Accenture (NYSE: ACN) are working together to launch the Cyber Million program that aims “to solve the cybersecurity talent deficit by increasing access to one million entry-level cybersecurity operations jobs over the next decade.” The… Read More

June 11, 2023 @ 6:40 pm By Omar Faridi  |  

Plaid is introducing an all-new identity verification experience that allows consumers to fast track verifications across Plaid-powered apps and services. Just as commerce providers have delivered on the promise of “one-click” checkout, Plaid claims it is “creating the standard for a ‘verify once, verify everywhere’… Read More

June 9, 2023 @ 3:23 pm By Omar Faridi  |  

Snyk, which claims tobe the leader in developer security, announced it agreed to acquire Enso Security, “pioneers” of the industry’s first Application Security Posture Management (ASPM) solution. The acquisition is “subject to customary closing conditions and is expected to close in Q2 2023.” Together, with… Read More

May 25, 2023 @ 8:32 pm By Omar Faridi  |  

As part of Kraken’s commitment to client security, they have reportedly completed and passed an independent auditor’s examination over internal controls as defined by the American Institute of Certified Public Accountants (AICPA) SOC 2, Type I compliance standard. Kraken has shared details “about this process… Read More

May 23, 2023 @ 11:17 pm By Omar Faridi  |  

Ontology, a blockchain network focused on enhancing trust, privacy, and security in Web3 by offering decentralized identity and data solutions, has formed a partnership with Alchemy Pay to integrate its on and off ramp solution. Through Alchemy Pay’s plugin, dApps and platforms on Ontology “can… Read More

May 23, 2023 @ 1:19 am By Omar Faridi  |  

In one more step to increase security for customers, Nubank (NYSE: NU) announces two new tools: the Reporting Channel, which allows “the reporting of fraud or attempted fraud involving the company, and the Me Roubaram (I was robbed) feature, a site that Nubank customers can… Read More

May 17, 2023 @ 4:52 pm By Omar Faridi  |  

CertiK, the New York-based blockchain security company, and Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced the signing of a partnership to provide blockchain security services to cloud-based Web3 projects. Web3 developers can now “accelerate their development process and secure their… Read More

May 16, 2023 @ 12:14 am By Omar Faridi  |  

Hyphe, the digital asset liquidity provider for financial institutions, has received a certificate of compliance to ISO 27001 Information Security Management by internationally-recognized certification body, BSI Group. The certification “reinforces Hyphe’s commitment to the highest security standards ahead of Europe’s new Markets in Crypto Assets… Read More