Blockchain
Wirex Partners with ZeroFox to Enhance Security Against Dark Web and Mule Account Threats
In a significant move to bolster its defenses against online financial threats, Wirex, a prominent Web3 money platform, has announced the integration of ZeroFox’s Dark Web Monitoring tool into its security system. This strategic partnership marks a critical advancement in Wirex’s efforts to combat the risks associated with the Dark Web and money mule accounts.
ZeroFox, a leading cybersecurity firm based in the US, specializes in providing comprehensive online protection. Its innovative tool offers unparalleled visibility across the surface, deep, and dark web, enabling Wirex to actively monitor and swiftly respond to potential threats. This integration signifies a blend of human expertise and artificial intelligence to scan for dangers like leaked data and compromised credentials in real-time.
This proactive security measure by Wirex is pivotal in the early detection and mitigation of cybersecurity threats. ZeroFox’s advanced monitoring capabilities equip Wirex with sophisticated alert systems, outlining potential threats’ severity and escalation status for prompt and effective incident response.
A key focus of this collaboration is the battle against mule accounts, a growing concern in the financial sector. The integrated system excels in identifying and addressing suspicious account activities, significantly reducing the risk of financial fraud and enhancing transaction security for users.
Pavel Matveev, CEO & Co-founder of Wirex, expressed his views on this development, stating, “This is a major advancement in our ongoing commitment to online security. ZeroFox’s cutting-edge technology is instrumental in fortifying our defenses, particularly against the increasing issue of money mule accounts, thereby solidifying our reputation as a secure financial platform.”
This initiative is part of Wirex’s comprehensive approach to security, which includes strict compliance with Know-Your-Customer (KYC) regulations. This ensures the financial integrity and security of its user transactions. By implementing a robust account verification process, Wirex significantly reduces unauthorized access and potential fraud risks, affirming its commitment to protecting its users’ accounts and funds.
Additionally, Wirex collaborates closely with law enforcement agencies, sharing intelligence to combat financial and cybercrimes. The company also prioritizes customer education, providing resources to inform and empower users about secure and responsible financial practices.
With the integration of ZeroFox’s advanced security solution, Wirex is setting new benchmarks in financial security, effectively addressing the challenges posed by the Dark Web and mule accounts in today’s digital finance environment.
The post Wirex Partners with ZeroFox to Enhance Security Against Dark Web and Mule Account Threats appeared first on Hipther Alerts.
Blockchain
Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships
Blockchain
This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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Helping Journalists Stay Up to Date on Industry News
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The post This Week in Finance News: 11 Stories You Need to See appeared first on .
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