The healthcare industry is increasingly vulnerable to cybersecurity threats, as evidenced by a recent breach at HealthEquity. This incident underscores a broader trend of escalating cyberattacks across various sectors. Concurrently, the financial landscape is undergoing a transformation with the
Financial crime, encompassing a wide range of illicit activities such as money laundering and fraud, continues to be a growing global challenge. It's estimated that these nefarious activities account for 2-5% of the global GDP, underscoring the immense scale and impact of the issue. These crimes
In a significant blow to the financial technology sector, Evolve Bank and Trust recently experienced a massive data breach that sent ripples through its fintech partners, including notable names like Wise, Affirm, and Marqeta. Initiated by an employee's mistake of clicking on a malicious link, the
FiVerity has unveiled its innovative Identity Trust Management platform, fundamentally changing the landscape of identity verification and fraud prevention for community banks and credit unions. This groundbreaking solution introduces an advanced electronic framework to enhance consumer trust,
The landscape of Anti-Money Laundering (AML) compliance is undergoing a transformative shift, powered by the integration of Artificial Intelligence (AI) and big data analytics. With the escalating nature of financial crimes and intensified regulatory requirements globally, financial institutions
The recent ransomware attack on Evolve Bancorp, a prominent player in the FinTech sector, has once again thrust the pressing issue of cybersecurity into the spotlight. The breach, attributed to the LockBit ransomware gang, resulted in the theft of 33 terabytes of sensitive banking data,
