{
Anti-Money Laundering (AML) & Know Your Customer

SubCategory

}
crypto industry suffers 2.3 billion loss to cyber threats in 2024
In 2024, the crypto industry suffered over $2.36 billion in losses due to cyber threats, marking a 40% increase from the previous year. Access control incidents were the most damaging, accounting for 81% of losses, while Ethereum was the most affected network with over $1.2 billion lost. Notable hacks included the $305 million breach of DMM Bitcoin and the $235 million attack on WazirX, although the industry saw a recovery of more than $1.3 billion through bug bounty programs.
CryptoPotato
United States Dollar Indian Rupee
Finance & Economy, Market Report
15:49 22.12.2024
credit suisse downfall rooted in character flaws not capital issues
The PUK report on the Credit Suisse debacle fails to address the critical issue of character, attributing the bank's downfall more to a toxic mindset than to insufficient capital. Key figures, including Chairman Urs Rohner, exemplified a culture of greed and recklessness, leading to disastrous consequences. The report highlights systemic failures by regulatory bodies but overlooks the profound impact of leadership on the bank's fate.
Neue Zürcher Zeitung
Euro United States Dollar Deutsche Bank RV Global PP Credit Suisse Real Estate Fund Siat Nestlé S.A. TUR CHE MLT Peter Brabeck Urs Rohner Recep Tayyip Erdoğan Joe Ackermann Show more
Finance & Economy, News Article
22:45 21.12.2024
cryptopia hack victims receive over 225 million dollars in cryptocurrency distributions
Hack victims of the collapsed New Zealand crypto exchange Cryptopia are set to receive over $225 million in digital assets after years of waiting. More than 10,000 verified account holders have begun receiving distributions of Bitcoin and Dogecoin, following a judge's ruling that recognized digital assets as property in liquidation cases. Liquidators are committed to resolving the matter swiftly for affected customers.
dailyhodl.com
Cryptopia USD NZL David Ruscoe
Finance & Economy, Press Release
20:45 21.12.2024
data breach exposes sensitive information of over eight thousand bank customers
Citizens Bank has reported a significant data breach affecting 8,358 customers, with sensitive information such as Social Security numbers and account details potentially compromised due to insider wrongdoing on October 23, 2023. The bank is offering a two-year identity theft credit monitoring service to those impacted. This incident follows a previous breach in August that exposed the personal information of around 100 customers.
dailyhodl.com
United States Dollar First Citizens BancShares Inc USA
Finance & Economy, News Article
16:30 21.12.2024
Raiffeisen Bank launches online security campaign to combat fraud during holidays
Raiffeisen Bank, Romania's largest financial institution, is actively participating in the #SigurantaOnline campaign to combat online fraud, especially during the vacation period when such attempts increase. The bank emphasizes the importance of online security, urging customers to use secure payment methods, keep their devices updated, and avoid sharing sensitive information. With a commitment to protecting customer data and monitoring transactions for unusual activity, Raiffeisen Bank aims to educate users on safe online practices.
iDevice.ro - Stiri de Ultima Ora, Tehnologie, Romania, Stiinta
Euro United States Dollar Raiffeisen Bank International AG ROU
Finance & Economy, Press Release
13:15 21.12.2024
credit suisse collapse highlights failures in management and regulatory oversight
Credit Suisse's collapse in March 2023 was exacerbated by a lack of timely communication from top officials, including Federal Councillor Ueli Maurer, who withheld critical information. Despite incurring a cumulative loss of 33.7 billion francs from 2010 to 2022 while paying out nearly 40 billion francs in bonuses, the bank faced numerous scandals and regulatory scrutiny, raising questions about the effectiveness of the Financial Market Supervisory Authority. Calls for stricter regulations and enhanced oversight for systemic banks have intensified in light of the failures that led to the bank's downfall.
Corriere del Ticino
Mozambican Metical United States Dollar Swiss Franc Credit Suisse Real Estate Fund Siat CHE Ueli Maurer
Finance & Economy, News Article
06:00 21.12.2024
swiss banking regulations face criticism amid credit suisse crisis and takeover
The Parliamentary Commission of Inquiry (CEP) concluded that the collapse of Credit Suisse was primarily due to the bank's management failures, including a lack of cooperation with regulatory authorities and poor risk management. Despite significant profits, the board's reluctance to heed warnings from the Swiss Financial Market Supervisory Authority (Finma) contributed to the erosion of investor confidence. The CEP also criticized Finma for granting regulatory relief that masked the bank's true capital situation, suggesting that systemic banks should no longer receive such leniency.
Blick
Swiss Franc Credit Suisse Real Estate Fund Siat CHE Urs Rohner Marlene Amstad Karin Keller-Sutter Isabelle Chassot Ueli Maurer Show more
Finance & Economy, News Article
18:15 20.12.2024
cryptopia begins distributing 225 million dollars in crypto reimbursements
Cryptopia, the New Zealand-based crypto exchange that went bankrupt after a cyberattack, has begun returning approximately NZ$400 million (about $225 million USD) to 10,000 verified account holders. Liquidators from Grant Thornton reported that over NZ$400 million in crypto has been returned on-chain recently, with plans for further distributions next year for newly verified users. They encourage remaining account holders to register on the claims portal to be eligible for future distributions.
CoinCodeCap
Cryptopia USD NZL
Finance & Economy, News Article
10:15 20.12.2024
cryptopia exchange begins distributing 225 million dollars to hack victims
Liquidators of the bankrupt Cryptopia exchange have begun distributing $225 million to over 10,000 verified users affected by a hack in 2019. Grant Thornton announced that initial payouts have been made in Bitcoin and Dogecoin, with plans for further distributions in the New Year. The firm encourages remaining account holders to register on the claims portal to be eligible for future distributions.
Cointelegraph
New Zealand Dollar NZL
Finance & Economy, News Article
09:32 20.12.2024
crypto platforms face record losses from hacks in 2024
In 2024, hackers stole over $2.2 billion from crypto platforms, marking a 21.07% increase from the previous year. Notably, North Korean hackers accounted for 61% of the total theft, with $1.34 billion taken across 47 incidents, a staggering 102.88% rise from 2023. Although hacking incidents surged in the first half of the year, the trend slowed significantly after July.
dailyhodl.com
United States Dollar PRK
Finance & Economy, News Article
20:41 19.12.2024
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