In a major cybersecurity breach, FTX’s bankruptcy claims agent, Kroll, experienced a security incident that resulted in the compromise of user data from both FTX and the bankrupt crypto lender, BlockFi. While the breach raised concerns among customers, FTX assured users that the compromised data consisted only of “non-sensitive” customer information. However, details regarding the timing of the breach were
In a significant move to expand its presence in the Turkish market, Bitfinex, a leading crypto trading platform, has partnered with Vakıfbank, the second-largest bank in Turkey, to offer Turkish customers free Turkish Lira deposits. This collaboration not only strengthens Bitfinex’s foothold in Turkey but also provides easier access to the cryptocurrency landscape for Turkish customers. Strengthening Bitfinex’s presence in
Alliance Bank Malaysia has announced a strategic partnership with Comarch, a leading software and IT services provider, to leverage its digital wealth management platform. This collaboration aims to transform Alliance Bank’s wealth management services, enhance technical capabilities, and provide a compelling digital wealth proposition to clients. Benefits for Clients The Comarch Wealth Management system integrated with the alliance online mobile
Binance, the leading cryptocurrency exchange, made headlines recently as it terminated its relationships with five Russian banks that were under Western sanctions. This move came after the exchange faced criticism from The Wall Street Journal (WSJ) for offering these sanctioned banks as transfer options on its platform. The report raised concerns about Binance’s operational connections in Russia and the potential
The Information Commissioner’s Office (ICO), the UK’s data protection watchdog, is making a fervent call to victims of “text pests” to step forward and report their experiences. Disturbingly, recent statistics have revealed that nearly one-third of young adults aged 18-34 have had their personal information misused in this manner. To better understand the impact of this illegal behavior, the ICO
The Lazarus Group, a renowned state-sponsored threat actor backed by North Korea, continues to pose a significant cybersecurity threat. In recent findings, security analysts at Cisco Talos have confirmed that the Lazarus Group is actively exploiting the ManageEngine flaw (CVE-2022-47966) to deploy the MagicRAT malware. Additionally, in Europe, the Lazarus Group targeted an internet backbone infrastructure provider, deploying the QuiterAT
Sync Savings, a fintech startup founded by ex-Monzo executives Joss Tasker and Alex Fox, has emerged as a promising player in the UK’s cash savings sector. With a mission to optimize and reduce the cost of serving savings customers, the company aims to address the challenges faced by smaller banks and building societies in offering innovative and competitive savings products.
In today’s rapidly changing financial landscape, wealth managers are facing new challenges and opportunities. As clients become more discerning, requiring personalized experiences that align with their specific needs and preferences, wealth managers must adapt to meet these demands. This article explores the key elements that wealth managers need to consider in order to deliver engaging and personalized experiences for their
In a recent trial, two British teenagers have been convicted of various computer crimes, blackmail, and fraud, all of which were carried out as core members of the notorious adolescent hacking group, Lapsus$. This article delves into the charges faced by the teenagers, specific allegations against them, the impact of mental health on the trial, the jury’s verdict, details about
In an effort to address the growing skills shortages in the cybersecurity sector, the government is urging more schools to enroll their students in a government scheme designed to boost cyber skills. With the rise in cyber threats and the increasing need for skilled professionals to combat them, it has become crucial to equip young students with the necessary knowledge
Alliance Bank Malaysia has recently announced its collaboration with software firm Comarch to develop and launch a cutting-edge digital wealth management platform. The primary objective of this partnership is to enhance the overall customer experience while also expanding Alliance Bank’s wealth management business. Overview of the digital wealth management platform The newly introduced digital wealth management platform empowers Alliance Bank’s
EV Digital Invest AG, a leading financial institution, has recently launched its new brand, ‘Digital Invest Assets’. This strategic move aims to expand the company’s digital product and service offerings while achieving greater integration across the entire digital investment value chain. With the introduction of this brand, investors now have the exciting opportunity to diversify their portfolios beyond the traditional
