FutureFive Australia - Consumer technology news from the future

Know your customer (KYC) Stories - Page 12

Global Stories

Know your customer (KYC) stories

Easy Crypto reveals $2.7m returned to fraud victims
Crypto

Easy Crypto reveals $2.7m returned to fraud victims

Easy Crypto becomes the first exchange to disclose fraud refunds totalling $2.7M, stressing security as about 50% of Aussies & Kiwis show crypto interest.

By Melania Watson • 3 min read • Mon, 23rd Sep 2024
AI-driven cybercrime spikes in Australia & NZ, warns Trend Micro
Malware

AI-driven cybercrime spikes in Australia & NZ, warns Trend Micro

AI-driven cybercrime surges in Australia and NZ, warns Trend Micro; thousands of attacks detected, leveraging AI to breach security defences.

By Shannon Williams • 3 min read • Fri, 13th Sep 2024
The lowdown on crypto ATMs and their place in the ecosystem
Crypto

The lowdown on crypto ATMs and their place in the ecosystem

Crypto ATMs are growing globally, with the US leading at 82% of market share. As the ecosystem expands, here's what to know before using one.

By Janine Grainger • 5 min read • Wed, 28th Aug 2024
Acronis reports 293% increase in email cyberattacks in H1 2024
Malware

Acronis reports 293% increase in email cyberattacks in H1 2024

Cybersecurity firm Acronis has identified a staggering 293% increase in email cyberattacks during the first half of 2024 compared to 2023.

By Kaleah Salmon • 4 min read • Fri, 2nd Aug 2024
Appdome enhances geo-fraud detection with new security features
Virtual Private Networks

Appdome enhances geo-fraud detection with new security features

Appdome has bolstered its Geo-Fraud Detection service with Geo-Location Fencing and Geo Desync Attack Detection to better protect mobile apps from location-based fraud.

By Catherine Knowles • 3 min read • Fri, 26th Jul 2024
TanX hits USD $1 billion in quarterly trading volume
Network Infrastructure

TanX hits USD $1 billion in quarterly trading volume

TanX has hit a quarterly trading volume of USD $1 billion, marking a 70% rise and underscoring the growing reliance on decentralized trading platforms.

By Imee Dequito • 4 min read • Fri, 26th Jul 2024
Cybercriminals exploit ChatGPT for near-perfect phishing emails
Cybersecurity

Cybercriminals exploit ChatGPT for near-perfect phishing emails

ReliaQuest's latest report reveals cybercriminals are exploiting ChatGPT and other AI tools to create near-perfect phishing emails, achieving a 2.8% success rate.

By Shannon Williams • 3 min read • Mon, 15th Jul 2024
LexisNexis Risk Solutions launches Australian cloud facility
Biometrics

LexisNexis Risk Solutions launches Australian cloud facility

LexisNexis Risk Solutions debuts its first Australian cloud hosting facility, enhancing local risk orchestration services with advanced compliance solutions.

By Catherine Knowles • 2 min read • Tue, 9th Jul 2024
Encompass appoints Andrew Dunn as Vice President of Engineering
Chief Technology Officers

Encompass appoints Andrew Dunn as Vice President of Engineering

Encompass appoints Andrew Dunn as VP of Engineering, tasked with leading the strategic delivery of its CDI platform to enhance global banking solutions.

By Imee Dequito • 3 min read • Sun, 23rd Jun 2024
First AML & Armalytix join forces to elevate AML processes
Fintech

First AML & Armalytix join forces to elevate AML processes

First AML has partnered with Open Banking tech platform Armalytix to boost Source of Funds and Source of Wealth capabilities for large conveyancing firms.

By Kaleah Salmon • 3 min read • Thu, 30th May 2024

Stories from Other Regions

Know your customer (KYC) stories

Asian banks face rising crime threat due to low AI use
Digital Transformation

Asian banks face rising crime threat due to low AI use

A report reveals that over 50% of financial institutions in Asia are failing to adopt AI for anti-money laundering, risking exposure to financial crime.

By Melania Watson • 3 min read • Tue, 29th Oct 2024
New Zealand gears up for Recycling Week 2024 events
Clean technologies

New Zealand gears up for Recycling Week 2024 events

Recycling Week 2024 in New Zealand, set for 21-27 October, aims to boost waste management awareness and minimise waste across communities and businesses.

By Sean Mitchell • 2 min read • Wed, 16th Oct 2024
Questions NOT to ask a crypto investor
Crypto

Questions NOT to ask a crypto investor

At social gatherings, crypto investors often face cringeworthy questions about their investments, revealing widespread misconceptions about the digital currency world.

By Janine Grainger • 5 min read • Tue, 8th Oct 2024
CorPlan wins contract to supply SkyCity with IBM software
Data Analytics

CorPlan wins contract to supply SkyCity with IBM software

CorPlan NZ has snagged a key contract to supply SkyCity with IBM Planning Analytics software, enhancing budgeting and forecasting efficiency amidst stiff competition.

By Sean Mitchell • 3 min read • Wed, 2nd Oct 2024
'How much crypto users buy' is the wrong success metric for a crypto exchange
Multi-factor authentication

'How much crypto users buy' is the wrong success metric for a crypto exchange

Easy Crypto reveals it returned NZD $2.7M to customers affected by fraud, shifting focus from trading volume to security and user protection in the crypto space.

By Janine Grainger • 3 min read • Wed, 25th Sep 2024
SQR acquired by SQRx to drive digital identity innovation
Cybersecurity

SQR acquired by SQRx to drive digital identity innovation

SQR has been acquired by UK-based SQRx, aiming to boost digital identity growth. Entrepreneur Grahame Chilton, SQRx's largest shareholder, sees it as a 'groundbreaking' move.

By Catherine Knowles • 3 min read • Thu, 12th Sep 2024
Lucinity launches AI copilot plug-in at Money2020 Europe
Customer Relationship Management

Lucinity launches AI copilot plug-in at Money2020 Europe

Lucinity unveils an advanced AI copilot plug-in at Money2020 Europe, promising instant ROI and up to 90% productivity boosts for financial institutions.

By Sean Mitchell • 3 min read • Mon, 10th Jun 2024
Nynke Postma joins Encompass as Head of Business Development
Product Management

Nynke Postma joins Encompass as Head of Business Development

Encompass Corporation appoints Nynke Postma, founder of Blacksmith KYC, as Head of Business Development for Asia and the Middle East to boost CDI product value.

By Imee Dequito • 3 min read • Tue, 21st May 2024