Cybersecurity

British authorities have never detected a breach of ransomware sanctions — but is that good or bad news?

The agency responsible for monitoring financial sanctions in Britain has never detected an illicit payment to an entity embargoed under the country’s counter-ransomware regime, according to information obtained by Recorded Future News. The sanctions regime explicitly prohibits victims from making any extortion payments to the 29 individuals and 5 entities listed under the United Kingdom’s […]

Cybersecurity

Tazama: Open-source real-time fraud management – Help Net Security

Tazama is an open-source platform focused on improving fraud management within digital payment systems. Tazama marks a substantial transformation in the approach to financial monitoring and compliance worldwide. Previously, the financial sector struggled with proprietary solutions that were both expensive and restrictive, impeding access and flexibility, particularly in developing economies. Tazama challenges this status quo […]

Cybersecurity

Tazama: Open-source real-time fraud management – Help Net Security

Tazama is an open-source platform focused on improving fraud management within digital payment systems. Tazama marks a substantial transformation in the approach to financial monitoring and compliance worldwide. Previously, the financial sector struggled with proprietary solutions that were both expensive and restrictive, impeding access and flexibility, particularly in developing economies. Tazama challenges this status quo […]

Cybersecurity

Cross Switch Suffers Data Breach: 3.6 Million Records Allegedly Exposed

Cross Switch, a leading company in online payment gateway management, is currently dealing with the repercussions of a significant data breach. The Cross Switch data breach, reportedly carried out by a threat actor identified as IntelBroker, has allegedly compromised the personal information of 3.6 million users. This includes sensitive details such as full names, emails, […]