Global Screening Services (GSS), a London-based regulatory compliance platform that helps financial institutions meet their global sanctions obligations, has raised $47 million in a round of funding.
The raise comes amid a spike in economic sanctions, with the U.S. issuing trade-restrictions and asset-blocking against states including Russia, China, Iran and more.
The company actually raised a similar amount of funding last year from big-name backers including Japan’s Mitsubishi UFJ Financial Group (MUFG), one of the world’s largest banks.
Banks often find themselves at the forefront of sanctions enforcement, given their role in controlling the flow of money around the globe.
GSS sells a sanctions-screening platform to help banks and other financial institutions comply with regulations.
The U.K. government has blamed China for a 2021 cyberattack that compromised the personal information of millions of U.K. voters.
The data breach began as early as 2021 but wasn’t detected until a year later.
Dowden said that a separate attempted cyberattack by a China-backed hacking group targeted the email accounts of U.K. lawmakers in 2021, but that parliamentary authorities mitigated the attempted breaches before any email accounts were compromised.
The Norwegian government previously attributed a 2018 data breach on its systems to APT31.
In 2020, Google security researchers linked APT31 to the targeting of email accounts belonging to the Trump and Biden presidential campaigns.
Few missions more acutely embody the maxim “space is hard” than Atomos Space’s first demonstration mission, which the company has managed to pull back from the brink of disaster — more than once.
That demonstration mission, dubbed Mission-1, launched to orbit on a SpaceX Falcon 9 rocket on March 4.
Deployment was nominal, and Atomos received its first ping from the spacecraft seven minutes after deployment.
After pulling some strings, they were able to get on the phone with the chief systems engineer of satellite communications company Iridium.
Atomos’ spacecraft were moving too fast, and in direct opposition, such that they couldn’t perform the data “handshake” with those Iridium satellites to actually transmit information back down to Earth.
The left-hand side of the slide has too much info (why are funding, product and customers on the team slide?)
Three things that Protecto could have improvedPitch deck design isn’t usually that important, but the design of this deck is particularly bad.
These case studies aren’t case studiesIn a 14-slide deck, Protecto wastes slide 4 as an interstitial (it just says “our platform”).
The full pitch deckIf you want your own pitch deck teardown featured on TechCrunch, here’s more information.
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It contains the personal information of some 73 million AT&T customers.
Some AT&T customers have confirmed their leaked customer data is accurate.
But AT&T still hasn’t said how its customers’ data spilled online.
Hunt concluded the leaked data was real by asking AT&T customers if their leaked records were accurate.
But by now AT&T should be able to provide a better explanation as to why millions of its customers’ data is online for all to see.
A new web3 network is being built right now that wants to end Big Tech’s control of your dataMany of the people building Web3 feel like the traditional web ecosystem has taken advantage of users and their data.
It’s the initial team supporting The Graph, a decentralized network that indexes, queries and organizes data.
It has been called the “Google of web3” and aims to organize open blockchain data and make open data a public good.
“Web3 is still being built, we’re still working on building this decentralized internet that is censorship resistant.
“The one thing that’s really important about AI is that it’s all about data,” Kline said.
Welcome to TechCrunch Crypto, formerly known as Chain Reaction.
Hello and welcome back to the TechCrunch Crypto newsletter.
This week in web3Crunching numbersThis week the crypto market prices were lower, but still relatively strong compared to previous months.
Bitcoin was down 6.5% on the week at $67,300 and 32% higher on the month, at the time of publication.
This kickstarted her career in web3, data and AI solutions.
VCs double down on fintech Coast, which aims to be the Brex for ‘real-world’ industriesThe expense management arena is a crowded one, with well-funded players such as Brex, Ramp and Navan all clamoring for market share.
While Coast declined to divulge hard revenue figures, CEO Simon told TechCrunch that it saw about 550% increase in annualized revenue and payment volume growth in 2023.
That growth prompted its existing investors to double down on the company, while attracting a new backer as well.
Today, Coast is announcing that it has raised an additional $25 million in venture capital and $67 million in debt financing.
Sign up for TechCrunch Fintech here.
The U.S. Department of Transportation announced its first industry-wide review of data security and privacy policies across the largest U.S. airlines.
Those airlines include Allegiant, Alaska, American, Delta, Frontier, Hawaiian, JetBlue, Southwest, Spirit, and United.
Wyden has raised alarms about the sharing and sale of sensitive U.S. consumer data to data brokers — companies that collect and resell people’s personal data, like precise location data, often derived from their phones and computers.
In recent months, Wyden has warned that data brokers sell access to Americans’ personal information, which can identify which websites they visit and the places they travel to.
In remarks, Wyden said: “Because consumers will often never know that their personal data was misused or sold to shady data brokers, effective privacy regulation cannot depend on consumer complaints to identify corporate abuses.”
Globally, a third of the food produced is lost or wasted, and in Kenya, that figure stands at between 20% to 40%.
Farm to Feed, an agri-tech based in Kenya, is one of the fast-risers in the space.
Farm to Feed teams then sort, grade and dispatch the products to clients from its warehouse in Kenya’s Capital, Nairobi.
Data collectionOn top of the e-commerce platform, Van Enk said they are building a data platform by collecting granular data including on climate and drivers of food loss, for better farming outcome and to create a more circular food system.
I do think that food loss is such a huge impact opportunity and also a very good commercial opportunity,” she said.
