Financial institutions stories - Page 2

Entrust's nShield 5 HSMs achieve FIPS 140-3 certification, securing their place among top vendors for robust data security. Enhanced speed and crypto-agility set a new industry standard.

iManage reports a stellar year with 142 new customers including Linklaters, opening two data centres, and introducing AI-powered features and Microsoft integration.

As Australia's superannuation assets reach $3.3 trillion, cybercriminals increasingly target these lucrative funds. Transmit Security and Wrkr partner to defend super funds.

Rich Data Co secures USD $9 million boost from Acorn Capital, elevating total Series B funding to USD $37 million. Funds to drive North America expansion.

QuantHouse partners with Quod Financial to supply low-latency data, enhancing AI-driven trading algorithms and real-time transaction cost analysis.

Bridewell research reveals 59% of financial services businesses have faced ransomware attacks in the past year, with legal fines and reputation damage as key repercussions.

Transmit Security's latest report reveals a surge in AI-driven fraud scams, highlighting dark web marketplaces and tools like FraudGPT that empower even novice fraudsters.

New research by Foundry and Keepit reveals that 30% of firms lack data recovery plans for financial systems, exposing critical vulnerabilities in enterprise IT.

Siemon appoints Trey Somers as VP of Product Management to lead global product team, aiming to innovate and adapt to market needs. Somers brings 20+ years' expertise.

Rimini Street is set to revolutionise tech support in the financial sector, offering robust and cost-effective solutions for digital transformation.

Alveo merges with Gresham Technologies to form a data automation titan, aimed at revolutionising data management and efficiency for global financial markets.

It comes after a major IT outage linked to a Windows security update stopped essential services around the world, causing significant disruption.

CrowdStrike's Falcon sensor causes global Windows BSOD, hitting emergency, banking, and aviation sectors.

Endor Labs secures strategic investment from Citi Ventures, boosting its mission to protect software supply chains for major financial institutions.

A Darktrace report reveals that 71% of UK businesses have faced AI-powered cyber threats, with 95% feeling unprepared. Firms like Barclays and HSBC are at risk.

eflow Global's TZEC upgrade leverages AI to enhance eComms surveillance, aiming to curb market abuse and meet strict regulatory demands amid rising fines.

CloudSEK reveals a surge in investment scams through WhatsApp and Telegram, with 29,000 fraudulent ads on Facebook and over 81,000 fake Twitter accounts.

REGnosys has open-sourced its regulatory language Rune to FINOS, aiming to streamline compliance and reduce UK banks' annual reporting costs of up to GBP £4.5 billion.

Azul sees a surge in Asia Pacific, driven by Oracle's Java SE pricing changes and rising cloud costs. New bookings jumped 37% in FY24, with a 437% rise in Q1 FY25.

BioCatch's latest report on APAC digital banking fraud trends reveals a 70% rise in mobile app fraud and a dramatic 108% surge in voice scams, alongside a notable decline in fraud losses in Australia.