Tag: Security News | TechCrunch

GenAI could make KYC effectively useless

KYC, or “know your customer,” is a process intended to help financial institutions, fintech startups and banks verify the identity of their customers. Not uncommonly, KYC authentication involves “ID images,” or cross-checked selfies used to confirm a person is who…

Gen AI could make KYC effectively useless

KYC, or “Know Your Customer,” is a process intended to help financial institutions, fintech startups and banks verify the identity of their customers. Not uncommonly, KYC authentication involves “ID images,” or cross-checked selfies used to confirm a person is who…

LoanDepot hit by suspected ransomware attack

Mortgage and loan giant LoanDepot said Monday it is experiencing a cyberattack and that it’s “working diligently to restore normal business operations as quickly as possible.” The Irvine, Calif.-based company said in a brief statement on its cybersecurity incident page…

Law firm that handles data breaches was hit by data breach

An international law firm that works with companies affected by security incidents has experienced its own cyberattack that exposed the sensitive health information of hundreds of thousands of data breach victims. San Francisco-based Orrick, Herrington & Sutcliffe said last week…

Crypto losses declined over 50% in 2023

The total amount “lost” during 2023 from security incidents was almost $2 billion. © 2023 TechCrunch. All rights reserved. For personal use only. This article has been indexed from Security News | TechCrunch Read the original article: Crypto losses declined…

Here we go again: 2023’s badly handled data breaches

Last year, we compiled a list of 2022’s most poorly handled data breaches looking back at the bad behavior of corporate giants when faced with hacks and breaches. That included everything from downplaying the real-world impact of spills of personal…

Meet the cybercriminals of 2023

Once again we look back at the past year in cybercrime and those who we lost… to the law. This year was no different to last: we saw another round of high-profile busts, arrests, sanctions, and prison time for some…

Meet the cyber-criminals of 2023

Once again we look back at the past year in cybercrime and those who we lost… to the law. This year was no different to last: we saw another round of high-profile busts, arrests, sanctions, and prison time for some…