A study by Interisle Consulting reveals a troubling trend: although new generic top-level domains (gTLDs) account for just 11% of the market for new domain registrations, they represented 37% of all cybercrime domains reported between September 2023 and August 2024.
A massive international law enforcement operation, involving agencies from 40 countries, has led to the arrest of over 5,500 individuals connected to financial crimes and the seizure of more than $400 million in virtual assets and government-backed currencies.
Russian authorities have reportedly detained Mikhail Pavlovich Matveev, known by aliases such as Wazawaka, Uhodiransomwar, and Boriselcin. Matveev, wanted by the FBI since 2023, is linked to major ransomware groups including Hive, LockBit, and Babuk, which have been responsible for devastating cyberattacks on critical infrastructure, government agencies, and businesses worldwide.
In a significant blow to national financial security, hackers have infiltrated the Central Bank of Uganda's systems, breaching its firewalls and siphoning off $17 million from Treasury accounts.The attack, discovered earlier this week, has raised alarms about the robustness of cybersecurity infrastructure within critical financial institutions, not only in Uganda but across the African continent.
Regnology, a leading software provider with a focus on regulatory reporting solutions, announced today the acquisition of VERMEG‘s regulatory reporting division – AGILE – which was previously part of the Lombard Risk portfolio.
According to an IBM study, the average cost of a data breach in 2024 has climbed to nearly $5 million, marking a 10% increase from the previous year. At the AFP national conference, this stark reality set the stage for an immersive session aimed at equipping finance teams with the skills needed to respond swiftly and effectively to cyber threats.
Finastra, a leading provider of solutions to over 8,000 financial institutions, is investigating a breach of its internal file transfer platform, where hackers stole more than 400 gigabytes of data.
The Consumer Financial Protection Bureau (CFPB) has highlighted the growing influence of platforms like Apple Pay and PayPal in the payments industry as Big Tech continues to blur the lines between traditional banking and commercial activities.
