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The US Department of the Treasury this week announced sanctions against a Myanmar (Burma) warlord and his militia for their roles in cyber scams targeting US citizens. The individual, Saw Chit Thu, head of the militia group called the Karen National Army (KNA), was sanctioned alongside his two sons, Saw Htoo Eh Moo and Saw Chit Chit. According to the US Treasury, the KNA-controlled region on the Thai-Burmese border houses multiple cyber scam groups that have caused billions of dollars in losses to victims in the US over the past three years. Headquartered in Shwe Kokko, Myawaddy Township, the KNA…

WASHINGTON (AP) — A federal judge on Tuesday ordered the Education Department to undo a freeze on the last of the U.S. relief money given to schools to help students recover academically from the COVID-19 pandemic. The federal government provided $189 billion in aid money for schools during the crisis, giving them broad latitude in how to spend it. Nearly all that money had been spent, but some school districts received deadline extensions that gave them additional time to use it. Districts spent it on things like after-school tutoring, summer school, social workers, college counselors, library books and renovations to…

Meta on Tuesday boasted about winning the lawsuit against NSO Group, after a jury ordered the Israeli spyware maker to pay more than $167 million for the hacking of WhatsApp users. The lawsuit against NSO was filed in 2019, after it came to light that a zero-day vulnerability had been exploited to deliver NSO-made spyware to roughly 1,400 WhatsApp users. The jury verdict comes after in December 2024 a judge ruled that NSO Group is liable for the hacking of WhatsApp users. NSO’s spyware is advertised as a legitimate surveillance tool designed to help government organizations fight terrorism and other…

Green Dot, a US-based FinTech company known for its embedded banking solutions, has announced a strategic partnership with Samsung Electronics to enhance the capabilities of the company’s digital payments and essentials platform.The collaboration aims to provide Samsung Wallet users in the US with a new peer-to-peer (P2P) payment functionality, Tap to Transfer, which enables fast and convenient fund transfers within minutes, according to FF News.The addition of this feature is intended to drive greater usability and value within the app, with further innovations expected as the partnership evolves.Green Dot is a FinTech company specialising in embedded financial services. Its Arc…

As “vibe coding” gains in popularity and tech companies push devs in their employ to embrace generative AI tools, a platform that scans for vulnerabilities in AI-generated code has raised a fresh round of funding. Ox Security, which models risk across both AI- and human-produced code, on Wednesday announced that it closed a $60 million Series B. The round was led by DTCP with participation from IBM Ventures, Microsoft, Swisscom Ventures, Evolution Equity Partners, and Team8, and it brings Ox’s total raised to $94 million. Neatsun Ziv and Lior Arzi founded New York- and Tel Aviv-based Ox in 2021. Software and…

As financial crime siphons off $1.6tn annually from the global economy, according to the United Nations Office on Drugs and Crime, integrated compliance solutions are emerging as the linchpin in the battle against illicit finance. At the forefront of this revolution is MCO (MyComplianceOffice), a Dublin-based FinTech powerhouse led by CEO Brian Fahey.    With a platform that unifies data, automates processes, and anticipates risks, MCO is proving that the future of compliance lies in integration—breaking down silos to create a seamless, 360-degree defence against financial crime.    Fahey’s vision, shared in an interview with FinTech Global as part of the FinCrimeTech50, underscores why this…

Application performance monitoring (APM) company AppSignal on Tuesday announced raising $22 million in a Series A funding round led by Elsewhere Partners. Founded in 2012, the Amsterdam-based firm provides APM solutions for mid-market organizations, to help them ensure the performance, stability, and security of applications without having to deal with complex and costly enterprise solutions. According to AppSignal, its developer-centric observability platform, already used by more than 2,000 organizations in 60 countries, helps customers build more secure and reliable applications. The platform can identify abnormal behavior that could signal vulnerabilities and misconfigurations, while also enabling developers to identify performance issues…

Turris, a provider of compliance and payment automation solutions for the insurance sector, has partnered with Loro Insurtech to deliver a unified solution aimed at modernising how insurers and MGAs handle compliance and broker onboarding.The partnership accelerates broker and agent onboarding, streamlines quoting and binding, and automates compliance checks and filings—boosting efficiency and reducing risk.Turris automates back-office tasks like license verification and regulatory reporting. Loro offers a digital platform for MGAs, carriers, and agents to manage quote-to-bind workflows.The joint solution is live for both customer bases, with rollout support available. Key benefits include faster market access and real-time compliance automation.Together,…

Multiple ransomware groups appear to have exploited a recently patched Windows vulnerability as a zero-day, Symantec reported. The vulnerability in question is tracked as CVE-2025-29824 and it was patched by Microsoft with its April 2025 Patch Tuesday updates. The flaw impacts the Windows Common Log File System (CLFS) and it can be exploited by an attacker to escalate privileges. On the day it released the patches, Microsoft revealed that CVE-2025-29824 had been exploited by cybercriminals in attacks aimed at a “small number of targets”, including in the IT and real estate sectors in the US, the financial industry in Venezuela,…

Akur8, a Paris-based InsurTech, has partnered with Post Telecommunication Joint Stock Insurance Corporation (PTI), one of Vietnam’s leading non-life insurance providers, to enhance its actuarial capabilities.PTI will implement Akur8’s pricing platform to enhance fairness and competitiveness in its insurance pricing.As Vietnam’s insurance sector rapidly digitizes and evolves, the move helps PTI respond more strategically to market demands.Akur8’s machine-learning platform accelerates model development, ensures transparency, and supports data-driven pricing—key advantages for the P&C insurance market.PTI will use the platform to gain portfolio insights, improve pricing agility, and boost collaboration between actuarial and business teams.During a pilot phase, PTI built hundreds of…