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The events of 2020 from a cybersecurity perspective have brought to light the significance of diversity for businesses of all sizes. Facing a more diverse range of challenges than most will have experienced before required an equally diverse range of coping mechanisms and responses to navigate accelerated digital transitions. The move to remote working placed strain on communications, data sharing, client management and – underpinning it all – security. Yet, while many are all too...

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...

Beech Tree Private Equity has announced a significant investment in Performanta, a fast-growing global provider of managed cyber security services to enterprise customers. Performanta provides an end-to-end security solution for customers, advising on security strategies as well as monitoring their environments 24/7 - including full Managed Detection and Response (MDR) and Incident Response services. Beech Tree will support Performanta with its plans to scale up rapidly, enhancing sales to accelerate its focus on enterprise customers...

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...

The UK Cyber Security Council – the independent ‘umbrella’ organisation for the UK cyber security profession – has introduced its first four trustees, which it says is a key milestone in its formation. The four initial trustees that form the inaugural leadership of the Council are:   Dr Claudia Natanson (chair): Dr Claudia Natanson is a highly respected information and cyber security professional and thought leader within the international arena. She has served as board,...

Many of us have had to adopt remote working for a large proportion of the past year. But remote working is about more than saving yourself time on the morning commute and navigating Zoom etiquette: The security implications for thousands of businesses sending their employees home to work for a year have been massive. In this podcast, veteran security journalist Dan Raywood waxes lyrical on remote working security practices with Niamh Muldoon, Global Data Protection...

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...

Adopting end-to-end security automation is a top priority for many organisations, and the rapid shift to remote work due to the COVID-19 pandemic has forced many businesses to accelerate their Digital Transformation strategy. Faced with the challenge of managing identities and securing access to data and applications from a growing number of endpoints, IT and security teams need to leverage Risk and IAM Automation to maintain business continuity and secure their remote and hybrid workforce....

Facebook recently announced the introduction of carts to WhatsApp to streamline online purchases. While this move will reduce some online friction and make the purchasing process easier for customers, it can also introduce many security and fraud risks. Cybercriminals are always looking for new ways to target unsuspecting customers with social engineering scams through various channels. Many times, they will entice victims to communicate “out of bounds”. For example, if a user is buying something...

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...