On July 16, a significant data breach compromised the personal information of the majority of Allianz Life Insurance Company of North America’s 1.4 million customers, the Minneapolis-based company confirmed.
A new study by Fenergo reveals that a majority of global financial institutions are actively adopting agentic AI to enhance their compliance operations.
OpenAI CEO Sam Altman has voiced strong concerns about the continued reliance on voice-based authentication by banks, calling it “terrifying” in the face of rapidly advancing AI capabilities.
Microsoft has confirmed that several Chinese state-backed hacking groups—Linen Typhoon, Violet Typhoon, and Storm-2603—are exploiting critical vulnerabilities in on-premises SharePoint servers.
In a significant move for cryptocurrency regulation, the U.S. House of Representatives passed the Genius Act this week—formally titled the Guiding and Establishing National Innovation for US Stablecoins. The bill aims to regulate payment stablecoins by prohibiting issuance from anyone other than approved issuers. Marking a first for national-level crypto legislation, the Genius Act provides a framework for stablecoin oversight in the U.S. and is expected to be signed into law by President Trump before the end of the week.
Barclays Bank has been hit with a £42 million fine by the UK’s Financial Conduct Authority (FCA) for failing to adequately assess and monitor money laundering risks in two high-profile client relationships.
A ransomware group known as Global has threatened to release sensitive data stolen from the Lorain County Auditor’s Office unless a ransom is paid by today.
Louis Vuitton has confirmed a data breach affecting its UK customer base, marking the third cybersecurity incident linked to LVMH brands in as many months.
