Voice authentication and security firm Pindrop has raised $100 million in debt financing. The funding, announced Wednesday (July 17) and coming from Hercules Capital, allows Pindrop to further develop its audio, voice, and artificial intelligence (AI) technologies for customers in industries that include banking, finance,...
As online scams and financial crimes continue to surge at the halfway point of 2024, banks and payment companies are ramping up efforts to protect consumers and their own bottom lines. At the forefront are new technology solutions and a call for greater collaboration and...
The IRS is warning tax professionals of a rise in scams designed to steal taxpayer information. The tax agency and its “Security Summit” partners — a group of state tax agencies and private tax industry organizations — said Tuesday (July 16) they are seeing a...
Federal agencies are warning financial institutions about timeshare fraud schemes associated with Mexico-based transnational criminal organizations. The Financial Crimes Enforcement Network (FinCEN), jointly with the Department of Treasury’s Office of Foreign Assets Control (OFAC) and the FBI, released a notice on the topic Tuesday (July...
The impact of the hack on car dealership software firm CDK Global continues to reverberate. AutoNation, one of the largest dealership chains in the country, warned on Monday (July 15) that the cyberattack will impact its second quarter earnings by $1.50 per share. The company...
The interconnected global operating landscape has never held more opportunity for businesses. Or more threats. Gaining a deeper understanding of the threat landscape and the top tactics, techniques and procedures (TTPs) of ransomware gangs is increasingly crucial for firms. News broke Friday (July 12) that...
AT&T said Friday (July 12) that records of calls and texts of nearly all its wireless customers and others using its network were stolen in a cybersecurity incident. The stolen records identify the telephone numbers with which the wireless numbers of AT&T or mobile virtual...
The interconnected nature of financial systems can have cascading consequences when data is compromised. And with the recent news that the June cyber breach at Evolve Bank & Trust has reportedly impacted upwards of 7.6 million customers, containing the impact of a single data breach...
Fraud data sharing consortium Sonar has launched a new service that helps banks and FinTechs verify if their customer data has been compromised in a breach or used for fraudulent activities. This new service, Red Flag, allows organizations to proactively check if an account’s credentials are...
