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Just under $1.4bn was stolen through various crypto-related scams in the first five months of 2020, according to a report from cyber security firm CipherTrace.

Source: ThetaRay

ThetaRay, a leading provider of AI-based Big Data analytics, has signed an agreement under which Banco Santander will employ ThetaRay’s anti-money laundering (AML) solution for correspondent banking.

Source: OneSpan

OneSpan (NASDAQ: OSPN), the global leader in securing remote banking transactions, today announced that leading Turkish bank, DenizBank, is using OneSpan’s Mobile Security Suite to protect 2.6 million mobile customers across the bank’s mobile banking app MobilDeniz, mobile wallet fastPay and card management application DenizKartım.

Financial services firms had to make dramatic changes to their cybersecurity programmes to cope with the rapid shift to remote working due to the Covid-19 pandemic, a survey shows.

Bank of America accidentally exposed the personal details of applicants applying for loans from the Paycheck Protection Program during a test submission to the US Small Business Administration system.

Low cost carrier EasyJet has fallen victim to a "sophisticated" cyber attack that lifted the personal details of nine million customers.

The UK's Inland Revenue has formally asked Internet Service Providers (ISPs) to remove 292 scam web addresses exploiting the Coronavirus outbreak since 23rd March, according to official figures.

The Investment Association has launched a new cyber threat intelligence service to help asset managers navigate the changing security landscape in the light of Covid-19.

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