Capillary Technologies’ Subsidiary Hit By €3 Mn Cyber Fraud

by · Inc42

SUMMARY

  • Capillary Technologies said one of its step-down subsidiaries was hit by a financial services-related cyberfraud worth €3 Mn, of which it has recovered €450K
  • The cyber fraud highlights growing cybersecurity risks brought forth by the use of AI and the need for companies to build defenses against the threat
  • Its most recent acquisition was global card network MasterCard’s customer engagement and loyalty platform SessionM, which it snagged in February for $20 Mn