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 Ransomware Gains Traction, UK BEC Fraud Spikes

PYMNTS

In comments reported earlier this week, cyber insurance security responder Tom Bennett of CFC Underwriting told The Financial Times that that claims surged in June and July. These criminals are exploiting new technologies to commit fraud, posting adverts on social media to try and recruit money mules,” he said.

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US Judge: ‘Credible Basis’ Facebook May Have Improperly Handled Data Breaches

PYMNTS

Vice Chancellor Joseph Slights of the Delaware Chancery Court has ruled that there’s a “credible basis” to infer that Facebook may have committed malfeasance in relation to data breaches, and that the social media giant must turn over to shareholders emails and other records about how it handles privacy issues, according to a report by Reuters.

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Finovate Alums Populate RegTech Top 100 Power List

Fintech Labs Insights

To measure “power”, Planet Compliance used an algorithm that measured a company’s activity in the media, as well as online and in social media including Facebook, LinkedIn, Twitter, and Wikipedia. Headquartered in Wilmington, Delaware. Raised $80 million in funding. (84) 84) Trustev ( FE14 ).