Ticket purchasing platform Ticketmaster has disclosed a data breach which may have impacted as many as 40,000 UK customers. (Updated with further details, 29/06)
CashShield announces $20M Series B round
Fraud and risk management company CashShield has raised $20 million in Series B funding.
PayPal to acquire fraud prevention platform Simility for $120 million
PayPal has announced that it will be acquiring fraud prevention platform Simility for $120 million in cash.
Veriff raises $7.7 million Series A funding
Estonian identity verification startup Veriff, which hopes to be ‘Stripe for identity’, has raised $7.7 million in Series A funding.
SensibleVision announces new facial recognition payment platform
Mobile AI tech company SensibleVision has announced its new 3DWALLET technology, designed to let retailers replace card and cash payments with a 3D facial recognition platform.
FBI arrests 74 in operation against BEC scammers
The FBI has announced that 74 arrests have been made as part of a coordinated effort to disrupt Business Email Compromise (BEC) schemes.
Confyrm acquired by Capital One
Capital One has announced its acquisition of digital identity and fraud alert startup Confyrm.
Unknown amounts stolen in attacks on Mexican banks
At least five attacks were carried out in April and May on the Mexican central bank’s Interbank Electronic Payments System (SPEI), according to Lorenza Martinez, director general of the corporate payments and services system at the central bank.
Over half of UAE residents affected by cybercrime in 2017
The 2017 Norton Cyber Security Insights Report shows that 3.72 million UAE residents were affected by cybercrime over the year, with a total financial cost of AED 3.86 billion.
Socure appoints new CEO
Last week, digital identity verification provider Socure announced that Tom Thimot will be joining the company as its new CEO. Socure’s founder and original CEO, Sunil Madhu, will become Chief Strategy Officer, in which role he will work with Thimot on platform innovation and new market opportunities – with a key focus on machine learning and big data analytics.