March 11, 2024 at 01:37PM The nonprofit launched Tazama, an open source platform providing anti-fraud capabilities to financial systems in Africa, Asia, and the Middle East. Funded by the Linux Foundation and Gates Foundation, it completed pilot projects in Jordan and South Africa and aims to expand, addressing the lack of banking services and low … Read more
March 4, 2024 at 08:48AM The Linux Foundation recently launched Tazama, an open source digital financial transaction monitoring platform. Tazama aims to offer scalable and cost-effective monitoring of digital payments, as well as fraud detection and AML compliance. Supported by the Bill & Melinda Gates Foundation, Tazama promotes data sovereignty, privacy, and transparency while driving … Read more
February 19, 2024 at 08:38AM The Anatsa banking trojan has targeted Android users in Europe by using Google Play-hosted malware droppers. Security firm ThreatFabric detected five campaigns in the UK, Germany, Spain, Slovakia, Slovenia, and the Czech Republic, leading to 150,000 infections. The trojan uses dropper apps to infect devices and has evolved to bypass … Read more
December 22, 2023 at 12:54PM The Chameleon Android banking trojan, detected by ThreatFabric, has expanded its reach to the UK and Italy from its initial targets in Australia and Poland. The malware employs various tactics, such as phishing pages and accessing Accessibility Services, to perform Account Takeover and Device Takeover attacks, targeting banking and cryptocurrency … Read more
October 20, 2023 at 11:24AM Spec, a fraud detection and defense startup, has secured $15 million in a Series A funding round led by SignalFire. The San Jose-based company offers a no-code orchestration platform that protects online transactions from fraudulent attacks, including AI-powered ones, in real time. The funding will be used to enhance Spec’s … Read more
October 19, 2023 at 05:16PM Chicago-based device intelligence platform, Fingerprint, has raised $33 million in Series C funding led by Nexus Venture Partners. The platform offers flexible APIs that aid developers in device identification, allowing them to detect fraudsters while ensuring seamless experiences for trusted users. Fingerprint’s funding total now stands at $77 million. The … Read more
October 19, 2023 at 05:09PM Leading cybersecurity firm, Spec, has successfully closed a $15M Series A funding round led by SignalFire, with participation from Legion Capital and Rally Ventures. The funding will support Spec’s continued growth and innovation, including advancing their platform, expanding their threat labs, and co-developing specialized products. Spec is dedicated to providing … Read more