UnitedHealth Group is grappling with turmoil as Change Healthcare, one of its IT arms, was hit by a sophisticated ransomware attack. This breach has set off alarms due to the potential compromise of sensitive personal and medical data belonging to a vast number of Americans. The implications of such an incursion are severe, highlighting the ever-present challenges of cybersecurity within
Paris-based FinTech startup RockFi has recently secured a significant €3 million investment to disrupt the wealth management sector. The funding round has been bolstered by substantial support from notable figures such as Didier Valet of Sorare and tech experts Antoine Freysz and Alexandre Dalyac, propelling RockFi towards a trajectory of expansion. RockFi’s mission is to democratize the high-tier services typically
The WealthTech sector is experiencing a surge of excitement as Fundpath, an innovator in data and business intelligence for wealth management, has just secured a substantial £2M investment from Fuel Ventures. This financial injection builds upon a prior £4M boost, reflecting ongoing investor trust in the company. Fundpath’s expansion within the asset management market is gaining momentum, and the backing
401GO, a pioneering firm reshaping retirement planning, recently celebrated a noteworthy achievement by securing a $12 million Series A fundraise. This infusion of capital underscores the robust confidence that investors have in the company’s innovative approach and growth potential. With a focus on modernizing retirement options, 401GO has positioned itself as a leader within the financial technology landscape, dedicated to
Bump, an innovative WealthTech and FinTech startup based in Los Angeles, has garnered a significant $3 million in seed funding to enhance its offerings for digital content creators. The venture, backed by impactful investors such as Impact X Capital, Capitalize VC, and even tech titan Snap Inc., strives to revolutionize how creators approach their financial affairs. Bump aims to address
Recent research by SafeBreach’s Shmuel Cohen has illuminated a concerning aspect of endpoint detection and response (EDR) systems: they could be susceptible to exploitation by cyber attackers. EDR systems like Palo Alto Networks’ Cortex XDR are invaluable for cyber defense, yet Cohen highlights the possibility that they might contain vulnerabilities that savvy adversaries could manipulate. Cohen used Cortex XDR to
Polkadot 2.0 emerges as a significant upgrade aimed at addressing scalability issues in the blockchain arena. This next iteration promises not only improved decentralization but also the potential to unlock new use cases. The cryptocurrency community is watching with great interest, as Polkadot 2.0 could revolutionize blockchain technology, bringing faster and more efficient interconnectivity between different blockchains. By tackling issues
Endowus has revolutionized Hong Kong’s financial services by launching a comprehensive digital wealth management platform at its Investment Summit. This advanced tool reflects the company’s commitment to empowering investors with greater control and diverse investment options. The platform’s design addresses the modern investor’s needs, indicating a move towards tech-driven, user-centric wealth management. Endowus’ strategy represents a significant evolution in investment
The onset of the digital age has significantly reshaped various industries, compelling them to evolve or risk obscurity. One such sector, wealth management, finds itself at a crossroads, deeply rooted in age-old practices yet confronted with the urgency to integrate modern technological breakthroughs. The emergence of financial technology (fintech) innovations has sparked a revolution in this domain, while changing client
The cyber world has been shaken by the revelation that the Akira ransomware group has extorted a massive $42 million from 250 organizations across the globe. This significant security breach raises concerns about Akira’s tactics and highlights the necessity for improved preventive strategies. Akira’s method involves infiltrating organizations’ systems, encrypting their data, and demanding ransom for the decryption keys. To
Just-in-Time (JIT) access is transforming the cybersecurity arena by upholding the least privilege principle, crucially reducing risks and strengthening defenses against advanced cyber threats. In the realm of privileged access management (PAM), JIT’s role is indispensable. By granting elevated permissions only when necessary, and for a strictly limited duration, JIT access minimizes the potential attack surface for threat actors. This
Kinsted Wealth, a respected Canadian wealth management firm, has joined forces with Objectway, a leading provider of software for the financial sector. This strategic move aims to transform Kinsted Wealth’s operations nationwide by integrating a unified digital platform that streamlines multiple processes. This upgrade will revolutionize the wealth management infrastructure, offering a seamless experience not only in user interaction but
