The Federal Aviation Administration (FAA) has proposed new rules to enhance the cybersecurity of airplanes, engines, and propellers, addressing the growing interconnectivity of aircraft systems.

In July 2023, Maksim Silnikau, a 38-year-old Belarusian also known as Maksym Silnikov, was arrested in Estepona, Spain. The arrest was part of a coordinated operation involving the Guardia Civil, the UK's National Crime Agency, and US authorities. Silnikau, along with his associates, is accused of creating and distributing notorious ransomware like Reveton and Ransom Cartel, as well as exploit kits such as Angler, which have extorted millions globally.

Source: FullCircl

FullCircl, a UK-based RegTech which is uniquely placed at the intersection where revenue meets regulation, has announced a new partnership with LSEG Risk Intelligence.

FTX and Alameda Research, now bankrupt, must pay $8.7 billion in restitution and $4 billion in disgorgement following the sentencing of FTX founder Sam Bankman-Fried to 25 years in prison and another executive, Ryan Salame, to seven and a half years.

Sonic Automotive, a major player in the U.S. automotive retail market and headquartered in North Carolina, faced a significant financial setback following a recent ransomware incursion. This digital attack, targeting CDK Global, a pivotal software provider for numerous dealerships across North America, resulted in a marked decrease in Sonic’s earnings per share by a third for the quarter ending June 30.

In the latest revelation from the IBM Cost of a Data Breach report, the financial realm stands as the most burdened, with professional services and the technology sphere trailing closely, each grappling with breach expenses surpassing £5.4 million on average.

There exists a nuanced spectrum in orchestrating and nurturing bank-fintech collaborations. This complex landscape necessitates a keen understanding of pivotal factors and methodologies imperative for sustaining these relationships, irrespective of their objectives or frameworks.