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Experts: US House Examines Legislative Actions To Combat Cybercriminals

PYMNTS

Cybercriminals are capitalizing on COVID-19, and they are doing so in tandem with the news cycle,” he said during the virtual hearing. While the sector is, for the most part, more secure than other verticals, it encounters the “world’s elite hackers,” Kellerman said. House of Representatives subcommittee on Tuesday (June 16).

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Cyber Security Firm Bay Dynamics Completes Funding Round

Payments Source

Cyber risk analytics provider Bay Dynamics has completed a $23 million Series B financing round through Carrick Capital Partners.

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Australia, New Zealand Take A Hard BEC Scam Hit

PYMNTS

While the business email compromise (BEC) scam is a global pain point for businesses, this week's B2B Data Digest looks at the latest figures in B2B payments fraud and finds BEC heating up in one particular region: Australia and New Zealand. million erroneous payment resulting from a BEC scam. In total, about $104.5

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Israel Approves New Digital Bank

PYMNTS

The digital bank is led by entrepreneurs Marius Nacht of cyber security company Check Point Software Technologies , and Amnon Shashua of autonomous driving developer Mobileye NV. The Bank of Israel is green lighting a new digital bank — the country’s first new financial institution in decades.

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Capital One’s data breach was bad. It could’ve been worse

Payments Source

Though involving an eye-popping 106 million credit card applicants' information, Capital One's breach was also unusual in a number of ways, including that it was quickly caught via a responsible disclosure program run by the bank.

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After Capital One breach, fraudsters ready to prey on consumer fears

Payments Source

The ongoing availability of stolen account information used to perpetrate vishing and phishing was exacerbated by the Capital One data breach disclosed this week, affecting 100 million accounts, and is likely to increase fraud threats.

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Microsoft Forms Cloud Accounting Startup To Rival Xero

PYMNTS

Microsoft is also integrating its artificial intelligence, voice recognition and cyber security capabilities into the solution. According to reports, all major banks will have access to Wiise, but customers of CBA will have added functionality like invoice and payment services.