Financial institutions stories - Page 6

The US, UK and Australia have sanctioned Russian web-host Media Land and its leaders for aiding ransomware attacks via bulletproof hosting services.

A survey of 1,500+ professionals reveals trust, compliance, and identity assurance as crucial for mainstream adoption of Web3 wallets and digital asset services.

BioCatch launches Connect 2.0, a platform using behavioural and device data to fight rising digital banking fraud and AI-driven financial crimes globally.

Asia-Pacific firms are rapidly adopting autonomous AI agents, raising new cybersecurity risks linked to managing AI system identities and access permissions.

Financial firms face rising fines and must adopt digital regulatory reporting to ensure compliance, cut costs and boost operational resilience in 2024 and beyond.

Financial institutions face rising AI-driven cyberattacks and must adopt intelligence-led defence, active vendor management, and balance security with customer experience.

Australian businesses face rising ransomware threats amid a 16% surge in cyber attack reports, exposing widespread unpreparedness and urging urgent security reforms.

Financial firms are embracing AI with a focus on trust, using it to enhance customer service and support staff, not cut jobs, amid growing governance concerns.

Nearly 80% of financial firms have neglected to verify exit plans of cloud and SaaS providers, risking major disruption in their technology supply chains.

UK firm Verifymy teams up with k-ID to integrate email-based age checks into developer toolkit, enhancing online safety for children amid growing global regulations.

Visa partners with Nium to pilot stablecoin settlement, enabling near-real-time cross-border payments and reducing traditional delays and costs.

A China-linked group launched a major AI-driven cyber-espionage campaign targeting global firms, performing 80-90% of hacking with minimal human input.

Teachers Mutual Bank has sped up identity checks from three days to under a minute by upgrading to Boomi's real-time integration platform, enhancing member experience.

Mizuho Bank has launched a Boomi-based platform to streamline payments and ensure ISO 20022 compliance across Asia Pacific, cutting onboarding to weeks.

QuSecure appoints Garfield Jones as Senior VP to advance quantum-safe security, leveraging his US federal cybersecurity and post-quantum cryptography expertise.

Synology launches PAS7700, a dual-active all-NVMe storage system, offering secure, high-performance, and highly available data access for AI-driven enterprises.

Nearly half of financial firms struggle to scale AI fully due to data silos and security concerns, despite widespread adoption and hybrid deployment strategies.

CyberArk launches Secure AI Agents Solution with privilege controls to protect AI agent identities, boosting enterprise security amid rising AI adoption.

Backbase wins the 2025 Datos Impact Award for its AI-driven platform revolutionising wealth management with faster onboarding and personalised digital advice.

Global ransomware attacks surged 28% in September, with Industrials hardest hit, as cyber criminals ramp up efforts ahead of the busy holiday season.