July 29, 2024 at 09:52AM US fintech firm HealthEquity admitted a data security event in June affecting 4.3 million individuals. The breach began in March and was detected in June. Stolen information includes addresses, phone numbers, and payment data. HealthEquity took immediate steps to address the breach and is offering credit monitoring and identity theft … Read more
July 9, 2024 at 10:05AM Evolve Bank & Trust is notifying 7.6 million Americans about a data breach resulting from a LockBit ransomware attack. The breach, caused by an employee clicking a malicious link, led to unauthorized access to the bank’s database. Affected individuals are being offered credit and identity monitoring services, and are advised … Read more
July 8, 2024 at 01:39AM The use of selfies for online identity verification is gaining traction due to increased digital engagement sparked by the pandemic. However, concerns arise regarding its effectiveness and security. While some advocate for liveness checks and biometrics as more robust methods, regulatory and privacy gaps persist, prompting the need for comprehensive … Read more
July 2, 2024 at 09:23AM The breach at Evolve Bank & Trust has impacted its partners Wise and Affirm, with personal data of Affirm Card holders potentially stolen. The scale of the breach is still unclear, and Wise confirmed that some of its users may have been affected. Evolve faces additional scrutiny due to previous … Read more
July 2, 2024 at 09:22AM Wise and Affirm acknowledge the impact of the recent Evolve Bank data breach on their customers. The cybercriminals gained access to customer and financial technology partner information, affecting customers who used both companies’ services. Evolve clarified that the ransomware group LockBit was behind the attack, compromising various personal and banking … Read more
May 3, 2024 at 05:24PM BioCatch, a leader in digital fraud detection and financial crime prevention through behavioral biometric intelligence, is acquired by Permira Growth Opportunities II. The majority stake acquisition aims to accelerate global expansion, advance product roadmap and support continued growth. BioCatch is recognized for its innovative approach and influential customer base in … Read more
May 1, 2024 at 08:40PM US prosecutors are reportedly investigating fintech company Block over compliance issues related to its Square and Cash App services. A former employee allegedly provided documents detailing lax compliance checks, including approval of merchant accounts without due diligence and difficulties in monitoring transactions for US law compliance. The company claims to … Read more
March 12, 2024 at 09:51AM EquiLend has notified employees of a data breach resulting from a January 2024 ransomware attack. The company restored client-facing services by February 5 but recently disclosed the breach’s scope to the Massachusetts OCABR. Personal data, including Social Security numbers and payroll information, was compromised. EquiLend is providing impacted individuals with … Read more
March 5, 2024 at 09:48AM Investment firm Team8 raised $500 million, bringing its total assets to over $1 billion. It specializes in venture creation and venture capital, with a focus on cybersecurity and expanding into data, AI, fintech, and digital health. The new funds will be divided into three separate funds, supporting its unique venture … Read more
January 25, 2024 at 11:48AM EquiLend, a Wall Street fintech firm, is working to restore its systems after a cyberattack. The attack resulted in portions of the company’s systems being taken offline, prompting EquiLend to launch an investigation and work with external cybersecurity firms to restore services. The nature and extent of the attack, as … Read more