Finance stories
DDoS attacks surge by 82% as IoT & AI fuel threats
Today
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saas
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ddos
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network security
DDoS attacks have surged by 82% in a year, with 165,000 incidents reported in 2024, driven largely by IoT devices and AI advancements.
Over 75% of firms faced FX losses without hedging in 2024
Today
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research
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forex
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finance
Research by MillTechFX reveals that over 75% of firms faced losses from unhedged foreign exchange risks in 2024, prompting strategic adjustments in hedging.
Tech risks dominate finance compliance, eflow survey finds
Last week
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data analytics
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data privacy
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ai
A survey by eflow Global reveals 64% of finance executives see technology-driven risks, especially AI, as key compliance challenges for 2024.
Healthcare tops data breach incidents in 2024, surpassing finance
Last week
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ransomware
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physical security
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breach prevention
Kroll's latest report reveals the healthcare sector was the most targeted by data breaches in 2024, accounting for 23% of all incidents, surpassing finance.
QuSecure raises USD $28 million to boost quantum security
Last week
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quantum computing
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cybersecurity
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government
QuSecure has successfully raised USD $28 million in a Series A funding round aimed at bolstering its post-quantum cryptography solutions and client expansion.
Civo unveils relaxAI, prioritising privacy & renewables
Last week
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data privacy
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ai
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cleantech
Civo has unveiled relaxAI, an innovative AI assistant prioritising privacy, security, and renewable energy in a bid to tackle data governance challenges for UK businesses.
Civo unveils AI assistant relaxAI, focusing on data privacy
This month
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data privacy
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llms
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ai ethics
Civo has introduced relaxAI, a new AI assistant prioritising data privacy and powered by renewable energy, starting at GBP £10 per month.
AI agents revolutionising life across multiple sectors
This month
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iot
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ai agents
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google
AI agents are set to transform daily life across sectors, optimising everything from smart homes to personalised shopping, according to Raphael Allstadt.
SAP partners with Databricks to launch Business Data Cloud
This month
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ai
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sap
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cfo
SAP has launched its Business Data Cloud alongside Databricks, aiming to unify enterprise data to enhance decision-making and accelerate AI initiatives.
Oracle NetSuite unveils AI tools for Australia, NZ firms
This month
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hcm
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genai
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data privacy
Oracle NetSuite has unveiled new generative AI features aimed at boosting operational efficiency for businesses across Australia and New Zealand.
Fortra's 2025 cybersecurity survey: key risk findings
This month
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malware
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ransomware
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devops
Fortra's latest cybersecurity survey reveals a worldwide surge in concerns over phishing and evolving technologies, with security professionals prioritising awareness and closing gaps.
Monday.com launches AI enterprise service management tool
This month
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hcm
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ai
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service management
monday.com has launched its AI-driven Enterprise Service Management platform, monday service, to enhance operational efficiency for businesses across departments.
Cyber threats to Microsoft 365 via HTTP client tools surge
This month
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advanced persistent threat protection
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cybersecurity
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microsoft
A recent report by Proofpoint reveals that 78% of Microsoft 365 users faced account takeovers, with attackers adeptly using HTTP client tools like Axios.
British firms grapple with outdated finance technology
This month
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accounts payable
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automation
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finance
New research reveals that 55% of British finance departments still rely on outdated OCR technology, causing productivity and accuracy issues.
Ciphr launches innovative cloud-based payroll software
This month
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digital transformation
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hcm
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workforce management
Ciphr has launched its new cloud-based payroll software, Ciphr payroll, designed to streamline processes for UK businesses and reduce manual tasks.
Anchor raises USD $20m to transform SMB invoice process
This month
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fintech
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payment technologies
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smb
Anchor has successfully raised USD $20 million in Series A funding to combat late payments for U.S. small businesses, boosting growth and efficiency.
Yavrio raises USD $2.4m to streamline ERP systems
Last month
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digital transformation
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fintech
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erp
Yavrio, a fintech firm in London, has raised USD $2.4 million in seed funding to transform ERP systems by eliminating error-prone CSV file imports.
Cyber threats surging for finance & insurance sectors
Last month
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malware
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ransomware
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phishing
ReliaQuest's latest report reveals a staggering 32% rise in ransomware cases targeting finance and insurance firms, with attackers moving significantly faster in 2024.
UK firms reluctant to report ransomware incidents, says study
Last month
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ransomware
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phishing
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email security
A report by Illumio reveals that 73% of UK organisations hesitate to report ransomware incidents, citing fears of exposure and financial repercussions.
DeepSeek: The AI game changer shaping the future of innovation
Last month
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cx
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martech
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data privacy
DeepSeek is making waves in the AI sector with its new DeepSeek-R1 model, reshaping innovation by making advanced technology more accessible and efficient.