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More than 400 SAP NetWeaver instances are exposed to attacks targeting a zero-day vulnerability patched last week, the nonprofit cybersecurity organization The Shadowserver Foundation warns. The exploited issue, tracked as CVE-2025-31324 (CVSS score of 10/10) and described as a missing authorization check, impacts the Visual Composer Metadata Uploader component of NetWeaver, and allows attackers to upload malicious executables. On April 24, SAP released security note 3594142 that addresses the flaw, and updated its April 2025 Security Patch Day advisory to add the note, urging customers to apply the patch as soon as possible. Cybersecurity firm ReliaQuest, which uncovered the bug…

Hiscox, a specialist global insurer, has named Phil Withey as chief technology officer (CTO) for its London Market division, strengthening its leadership team as it continues to prioritise digital transformation.The company, which operates globally in the specialty insurance sector, is focused on enhancing client service, underwriting capabilities and operational efficiency through digital innovation and investment in artificial intelligence.Hiscox London Market underwrites complex international risks through Lloyd’s of London. The business has been actively modernising its technology stack to improve agility and service delivery in an increasingly competitive insurance landscape.Withey brings over 20 years of experience in financial services technology. He…

Financial crime remains a major threat to government revenues, national security and society, making swift, targeted investigations more important than ever. According to Moody’s, the European Commission noted in an April 2021 press release that “80% of crimes have a digital component”, highlighting the critical need for law enforcement to leverage online data and “digital leads” to gather evidence.Despite the wealth of data available, the sheer volume can overwhelm investigators, making it harder to uncover clear, actionable insights. Traditional methods often struggled to effectively merge internal data with open-source intelligence (OSINT), leaving teams drowning in information instead of following clear…

Launching a new insurance product may feel like the finish line, but in reality, it’s only the beginning of a much more nuanced journey. The post-launch period is where real-world performance data begins to flow, offering fresh opportunities and risks for actuaries. Edwin Graham, principal actuarial data scientist at Akur8, outlines the dos and don’ts actuaries should keep in mind when navigating this crucial phase.Conversion rates are a critical early metric. A sudden spike might seem positive, but it could indicate pricing issues like undercutting in certain segments. Because early data can be unreliable, Graham recommends using credibility-based methods such…

Storied Silicon Valley VC firm Andreessen Horowitz is backing a fledgling U.K. startup that’s setting out to “redefine” how AI is used to match companies with talent. Dex, as the startup is called, targets candidates and companies with various AI-powered recruitment smarts, including matchmaking and coaching, with a view toward improving retention in the long run. Dex is the handiwork of CTO Harry Uglow and CEO Paddy Lambros (pictured above), who recently left their positions as software engineer and head of talent, respectively, at European VC firm Atomico. While they say that Dex has already lured some two dozen U.K.…

Insurance carriers often struggle to extract the full value from their renewal portfolios, largely due to inefficiencies in pricing and outdated systems. According to Quantee, more than 20 factors outside of pure pricing can erode performance. In response to this, the firm has delved into seven actionable strategies that insurers can use to enhance both customer retention and portfolio profitability.1. Start with clear business goals and strategyMany insurers fail to set separate KPIs for renewals and new business, leading to poor visibility of GWP, retention, and profitability. Without clarity, underperformance goes unchecked. Begin by tracking these metrics independently, then set…

FinTech Global, a specialist research firm, has published the 2025 edition of its FinCrimeTech50 list.With technological advancements reshaping the financial sector, the nature of financial crime is also evolving.As these technologies gain traction, criminal tactics are becoming more sophisticated. According to Comply Advantage’s State of Financial Crime 2025 report, 91% of organizations are prepared to sacrifice AI explainability for greater efficiency—even though 70% believe they already grasp the regulatory landscape concerning AI in crime detection.The 2025 lineup was selected by a panel of prominent analysts and industry figures who reviewed over 500 nominated firms. FinTech Global compiled in-depth profiles of…

The US cybersecurity agency CISA on Monday issued a warning on the active exploitation of recently patched vulnerabilities in Broadcom, Commvault, and Qualitia products. The Broadcom flaw, tracked as CVE-2025-1976 (CVSS score of 8.6), is described as a code injection issue that could allow an authenticated attacker with administrative privileges to execute arbitrary code as root. “Through a flaw in IP address validation, a local user, assigned one of the pre-defined admin roles or a user-defined role with admin-level privileges, can execute arbitrary code as if they had full root level access,” Broadcom explains in its advisory. According to the…

Two FinTech unicorns, Qonto, a leading European business finance platform for SMEs and freelancers, and Mollie, a financial service provider, have entered into a strategic partnership to deliver integrated financial services and tackle the region’s £275bn late payment challenge.The partnership aims to simplify fragmented financial infrastructure by bringing together banking and payments into a single platform.By doing so, Qonto and Mollie seek to alleviate cash flow issues and reduce the time businesses wait to get paid—an issue that affects nearly half of European businesses, according to the European Commission’s 2024 Annual Report.Qonto is a business finance solution designed for SMEs…

NUUK, Greenland (AP) — King Frederik X of Denmark arrived in Greenland on Tuesday, kicking off a visit to the semiautonomous territory that U.S. President Donald Trump wants to annex because of its strategic Arctic location.Frederik’s trip to the island’s capital city of Nuuk follows the new Greenlandic prime minister’s visit to Copenhagen earlier this week. Prime Minister Jens-Frederik Nielsen accompanied the monarch to Nuuk. The king wore a jacket with emblems of the Danish and Greenlandic flags as he disembarked from the plane to applause. Danish broadcaster TV2 asked Frederik about his mission during his trip. He said he…