Klarna, the Swedish fintech giant, has been ordered to pay a hefty fine of nearly three-quarters of a million dollars for breaching the European Union's General Data Protection Regulation (GDPR), according to a recent ruling by a Swedish court of appeal.

The Biden administration's latest fiscal blueprint, unveiled on Monday, doesn't present significant increases in cybersecurity funding, marking a departure from expectations within the cybersecurity community.

Source: FS-Isac

FS-ISAC, the member-driven, not-for-profit organisation that advances cybersecurity and resilience in the global financial system, and Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, released new research on the surge of distributed denial-of-service (DDoS) attacks threatening the financial services sector and its customers.

Last month, a federal agency responsible for cybersecurity found itself targeted in a hacking incident, leading to the shutdown of two critical computer systems, according to a spokesperson for the agency and sources familiar with the matter speaking to CNN.

Source: NICE Actimize

NICE Actimize, a NICE (NASDAQ: NICE) business, today announced the launch of ARCHIVE-X, a cloud-based, all communications-in-one archiving and records management solution for financial services firms.

UniCredit, one of Italy's leading financial institutions and the country's second-largest bank, has found itself in the spotlight once again, this time facing a substantial fine of €2.8 million (£2.3 million) from Italy's data protection authority. The penalty stems from a data breach incident that unfolded in 2018, marking a significant setback for the banking giant.

Source: FIS

Global financial technology leader FIS® (NYSE: FIS) has today announced that applications are open for the FIS Fintech Accelerator 2024, its flagship program that supports fintech innovation and growth.