Paystand, a leading California-based company specializing in blockchain-enabled payments for businesses, has recently made a significant move by expanding its zero-fee B2B network to Canada. This expansion follows its initial limited services launch in 2018 and marks a substantial commitment to revolutionizing payment systems in the Canadian market. Led by Chief Executive Officer Jeremy Almond, Paystand aims to offer the
In today’s cloud-driven world, data security and privacy are more critical than ever. As businesses increasingly depend on cloud services to manage sensitive information, compliance with standards like System and Organization Controls 2 (SOC 2) has become a priority. SOC 2 compliance goes beyond fulfilling regulatory requirements—it demonstrates to clients that a company has implemented strong security controls. For Software-as-a-Service
The realm of cross-border payments has been fraught with inefficiencies, particularly in terms of sanctions screening. Recently, Global Screening Services (GSS) and Swift have announced a strategic collaboration aimed at revolutionizing the global cross-border payment ecosystem. This partnership promises to tackle prevalent issues, streamline processes, and significantly improve the overall efficiency and compliance of financial institutions worldwide. Cross-border transactions have
In August 2024, Game Freak, the renowned Japanese video game developer famous for creating the Pokémon franchise, faced a major data breach. On October 10, the company divulged the extensive impact of the breach, revealing the exposure of confidential information, personal data of employees and partners, as well as potential game secrets. The widespread dissemination of sensitive information has sparked
In an alarming trend, North Korean hackers are now capitalizing on the desperation and enthusiasm of job seekers to deploy sophisticated malware through social engineering tactics. These hackers pose as recruiters on professional platforms such as LinkedIn, tricking users into fake job interviews. This method, while not new, has seen increased sophistication in its recent iterations, putting the cybersecurity landscape
Cybersecurity threats are continuously evolving as malicious actors develop new tactics to exploit vulnerabilities in software systems. One of the latest concerns is the exploitation of a critical flaw in Veeam Backup & Replication software, leading to ransomware deployments. Understanding these threats and how to protect against them is crucial for safeguarding your data. The emerging threat landscape highlights the
On October 14, 2024, it was brought to light a significant cybersecurity incident involving Casio, the renowned Japanese electronics manufacturer. The ransomware attack, one of the most high-profile in recent times, crippled many of Casio’s systems and led to the theft of a vast amount of sensitive data. This article details the incident, its causes, impacts, and the broader implications
As the threat landscape continues to evolve, Small and Medium-sized Businesses (SMBs) are grappling with an increasing cybersecurity skills shortage. This issue is so severe that it ranks as one of the top risks for these businesses, overshadowed only by zero-day threats. With limited resources and personnel, SMBs find it challenging to keep up with the rising tide of cyber
Arta Finance has made a notable entrance into the wealth management scene with its AI-powered digital platform. Having initially launched in the U.S. in October 2023, the company quickly managed to accumulate hundreds of millions in assets and attract thousands of clients. Following this success, Arta has now expanded its services to accredited investors in Singapore and other international investors
The link between detection and response practices and cloud security has historically been weak. As global organizations increasingly adopt cloud environments, security strategies have largely focused on secure code practices, ensuring proper cloud posture, and fixing misconfigurations. However, this approach has led to an over-reliance on a multitude of detection and response (DR) tools spanning cloud infrastructure, workloads, and even
The recent finalization of the Cybersecurity Maturity Model Certification (CMMC) program by the US Department of Defense (DoD) marks a significant shift in cybersecurity protocols for defense contractors. With an aim to secure federal contract information (FCI) and controlled unclassified information (CUI) against an evolving threat landscape, these tightened standards will have far-reaching implications. This article delves into what the
The financial landscape is constantly evolving, and community banks must adapt to stay competitive. Lakeside Bank, a stalwart in the Chicago banking scene, has taken a significant step in this direction by partnering with Volante Technologies. This partnership aims to modernize Lakeside’s payment processing infrastructure, aligning with global trends and boosting the bank’s service offerings. This strategic initiative demonstrates how
