Flagright, a Singapore-based AI-native anti-money laundering platform, has secured a US$4.3 million seed funding round led by Frontline Ventures and supported by investors like Y Combinator. The funding will drive AI innovation and expansion into North America, with a focus on launching AI Forensics products. With a no-code platform and high-performance scenario builder, Flagright aims to improve operational efficiency and compliance accuracy for its 50+ global customers.
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Singapore data handling firm DataPost probing alleged ransomware attack
SINGAPORE: A ransomware attack on DataPost, a Singapore-based service provider, has compromised personal data of at least 146 Income Insurance policyholders, including names and policy numbers. The attack, identified by RedPacket Security, involved a coordinated effort by the threat group "direwolf" and led to unauthorized data transfer. Income Insurance has suspended operations with DataPost and is monitoring for suspicious activities while cooperating with authorities to assess the incident's impact. Full Article
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