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Financial Risk Management Platform Feedzai becomes Portugal’s first tech unicorn

Feedzai, the cloud-based financial risk management platform, today announced a $200 million Series D investment round led by leading global investment firm KKR, with participation from existing investors Sapphire Ventures, and Citi Ventures. The company states that the new investment will be used to accelerate its global expansion, further develop its product offerings, and boost its partner strategy to strengthen its position as one of the most comprehensive financial crime prevention and risk management solution...

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Oracle EBS Critical Flaws affects Thousands of Enterprises

Feedzai, a cloud-based financial risk management platform, has announced Feedzai Fairband, the world's most advanced AI fairness framework. The new AutoML algorithm automatically discovers machine learning models with zero additional model training cost while increasing model fairness by up to 93%, on average. With this new technology, Feedzai allows financial institutions across the world to make better and fairer decisions.   The company notes how the world has witnessed widespread reports of AI bias in...

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Jim D Lookout CipherCloud

Mobile cybersecurity specialists, Lookout, has acquired CipherCloud, a cloud-native security company that operates in the emerging Secure Access Service Edge (SASE) market. Through this acquisition, which combines the Lookout Mobile Endpoint Security with the CipherCloud SASE technologies, Lookout believes it is in the best position to provide industry’s first end-to-end platform that secures an organisation’s entire data path from endpoint to cloud.    Given the rise in the number of remote users and the rapid adoption of cloud technology, the need for...

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AT&T Cybersecurity Launches Managed SASE Solution with Fortinet

AT&T has announced it is expanding its portfolio of Managed Security Services through its alliance with Fortinet to make Secure Access Service Edge (SASE) a reality for enterprises. AT&T SASE with Fortinet is the first, global managed SASE solution at scale that unifies software-defined wide-area network (SD-WAN) with essential network security functions of the SASE framework and 24x7 management. The company notes that this powerful combination of people, processes, and technology will help enterprises to...

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A new study has revealed that women hold only 10 percent of board positions and 16 percent of management positions within the world’s leading cybersecurity companies. The study was carried out by cybersecurity specialists Eskenzi PR and Marketing, and looked at the websites of 138 companies from the Cybersecurity Ventures Hot 150 to understand the ratio between males and females in senior positions. It uncovered that out of 609 board positions, only 60 are taken...

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Malaysia Airlines

Malaysia Airlines has notified its frequent flyer members of a security incident via a third-party IT service provider. According to an email sent to Enrich members on Monday 1 March, the airline advised that the incident took place over a nine-year period between March 2010 and June 2019. They did not, however, disclose the number of individuals impacted. The breached data includes Enrich member names, date of birth, gender and contact details, in addition to...

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Fraud attempts skyrocketed in 2020 according to latest Financial Crime Report from Feedzai

Feedzai, a cloud-based risk management platform, has announced its Financial Crime Report Q1, 2021. Feedzai’s data from financial transactions across the world shows a stark difference in consumer behaviour and financial crime in the Asia-Pacific (APAC) region as compared to Europe (EU) and North America (NA). A clear image appears - a hyper-digital world where east and west are in different recovery stages, reflecting different regional financial crime trends. Overall, 2020 allowed fraudsters to rejoice at...

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How Security Culture Invokes Secure Behaviour

It has always been suspected that security culture and secure behaviour were closely linked, although proof was hard to produce. Today, KnowBe4 released research that shows not only have researchers been able to validate that link, but they also give data that provides conclusive evidence related to the importance of focusing on the human side of security. By examining the behaviour and security culture of 97,661 employees across 1,115 organisations, KnowBe4 has observed that the...

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This week, it was confirmed that international law firm Jones Day had data stolen from cybercriminals and is a direct result of the wider data breach suffered by file-sharing service Accellion. The hacker, which goes by the name Clop, had uploaded much of the sensitive information on the dark web which may have included data on prominent clients like Donald Trump. When contacted by reporters at VICE as to why they carried out the attack,...

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India Bans 59 Chinese Mobile Apps Over ‘Security’

Two new Android survellanceware have been discovered by the Lookout Threat Intelligence Team. Named Hornbill and SubBird, these two campaigns are believed to be connected to the Confucius APT, a well-known pro-India state-sponsored advanced persistent threat group. Lookout’s researchers revealed the spyware specifically targeted personnel linked to Pakistan's military and nuclear authorities and Indian election officials in Kashmir. Hornbill and SunBird are both sophisticated and demonstrate unique spyware characteristics and capabilities. These include techniques used to...

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