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52 Boston Startups Net $1.5 Billion+ In May

PYMNTS

Cohere Capital Partners, a Boston-based private equity firm focused exclusively on middle-market growth companies, closed its initial fund at $200 million, and Founder Collective raised $85 million for its newest fund, BostInno reported. Cambridge-based agtech startup CiBO Technologies raised $10 million in equity, according to an SEC filing.

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Fed Sees Possible Path To ‘Direct Issuance’ Of Digital Dollars

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And as PYMNTS has previously reported , the Boston Federal Reserve has been working with the Massachusetts Institute of Technology to explore tech infrastructure. Notably, China’s central bank is already developing and testing a national digital currency in the Asian nation.

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Mastercard’s Threat Scan Helps Banks Detect Vulnerabilities

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As weaknesses in authorization systems can be exploited by online thieves, financial services firms are more vulnerable to hackers and get hit 300 times more often than other businesses, according to the Boston Consulting Group. Threat Scan is part of our multi-layered security strategy to secure the payments ecosystem,” said Johan.

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Cybersecurity Firm Cybereason Snags Another $200M From SoftBank

PYMNTS

It also plans to build the world’s first full stack offering for truly autonomous security, as well as increase investment in its core organic R&D. Boston-based Cybereason has 500 employees, with offices in Tel Aviv, Tokyo, London and Sydney, as well as additional presence on all continents.

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Crypto 2020: One Step Up; Two Steps Back

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Jeremy Allaire , CEO of financial technology firm Circle , told PYMNTS that digital currencies are ready to transition from speculation to become more broadly adopted in everyday commerce. . But as with any nascent payments technology, the bad guys are always lurking – especially with cryptos, where anonymity is prized.

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Australia Central Bank Sees No ‘Public Policy’ Case For CBDC (For Now)

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But: The bank is keeping an eye on the experiences and progress of other nations, and still is researching its own technological and “policy implications” of wholesale forms of CBDC. As has been widely reported, 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) said they were working on CBDCs.

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Comey On FBI’s POV On Cybercrime

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FBI Director James Comey discussed cybersecurity issues at a Boston College cybersecurity conference this week, highlighting that Americans should let go of their expectations of “absolute privacy.”. There is no such thing as absolute privacy in America; there is no place outside of judicial reach,” Comey made clear to the crowd.