Latest news with #LexisNexis
Yahoo
a day ago
- Business
- Yahoo
Anti-money Laundering (AML) Market worth $9.38 billion by 2030- Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., May 30, 2025 /PRNewswire/ -- The global Anti-money Laundering Market size is projected to grow from USD 4.13 billion in 2025 to USD 9.38 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 17.8% during the forecast period, according to a new report by MarketsandMarkets™. The AML Market is fueled by the surge in adoption of smart analytics and the need for enhancing infrastructure that gives a 360-degree view of customer and transactional information. Financial institutions are using machine learning and behavioral analytics more and more to identify sophisticated, emerging trends of money laundering and minimize false positives. Real-time risk scoring and network analysis are solutions that assist in the detection of underlying relationships between accounts and transactions. Regulators have also started to push the banks toward better visibility of data across silos. This has led institutions to create centralized data hubs that consolidate internal and external sources of data, which improves compliance accuracy and risk profiling. Browse in-depth TOC on "Anti-money Laundering (AML) Market" 250 – Tables 50 - Figures300 – Pages Download PDF Brochure @ Scope of the Report Report Metrics Details Market size available for years 2019–2030 Base year considered 2024 Forecast period 2025–2030 Forecast units Value (USD Billion) Segments covered Offering, Solution, Deployment Mode, Organization Size, End User, and Region Geographies covered North America, Europe, Asia Pacific, Middle East & Africa, Latin America Companies covered Major vendors in the global AML Market are LexisNexis (US), Oracle (US), FIS (US), Fiserv (US), Jumio (US), NICE Actimize (US), SAS Institute (US), GB Group PLC (UK), FICO (US), ACI Worldwide (US), Experian (Ireland), Wolters Kluwer (Netherlands), Transunion (US), ComplyAdvantage (UK), Friss (Netherlands), Nelito Systems (India), Comarch (Poland), Allsec Technologies (India), Dixtior (Portugal), Temenos (Switzerland), TCS (India), Featurespace (UK), Feedzai (Portugal), Napier AI (UK), Tier1 Financial Solutions (Canada), Finacus Solutions (India), SymphonyAI (US), IDMERIT (US), IMTF (Switzerland), Innovative Systems (US), Sedicii (Ireland), Trulioo (Canada), NameScan (Australia), DataVisor (US), and Gurucul (US) Based on solutions, the KYC/Customer Due Diligence (CDD) & sanction screening segment is expected to hold the largest market share during the forecast period. The sanction screening and KYC (Know Your Customer)/Customer Due Diligence (CDD) solutions are essential in helping financial institutions, as well as other regulated parties, comply with global AML requirements such as the US Bank Secrecy Act (BSA), the 6th Anti-Money Laundering Directive of the EU (6AMLD), and Financial Action Task Force (FATF) guidelines. KYC/CDD solutions are essentially employed by institutions to assess customer risk profiles, gather beneficial ownership information, and perform continuous monitoring to detect suspicious patterns of behavior. Sanction screening software is also critical to identify individuals and entities on global sanctions lists released by organizations such as OFAC, the UN, and the EU. As global sanctions, particularly geopolitical sanctions, become increasingly sophisticated, financial institutions are resorting to automated real-time screening systems to prevent themselves from transacting with blacklisted entities. They happen to work in conjunction with larger AML platforms and utilize artificial intelligence to dispose of false positives and enhance efficiency. Request Sample Pages@ By deployment mode, the on-premises segment will account for the largest market size during the forecast period. On-premises deployments offer more flexibility for customization, enabling institutions to tailor the AML setups to accommodate internal risk management processes and integrate seamlessly with older systems. On-premises deployment gives institutions total control over data and systems, which is particularly important when dealing with sensitive customer data and financial transactions. Capital markets and insurance firms have complex operational processes and are under different forms of regulatory oversight, and it is hence more practical for them to implement on-premises deployments in a bid to meet their individual compliance environments. Lower latency, enhanced performance, and enhanced internal governance also favor institutions. Major banks and financial institutions deploy on-premises infrastructure to host their AML operations, especially in countries that have strict data localization policies in place, such as Germany, India, and the Middle East. By region, Europe is expected to grow at the highest CAGR during the forecast period. The implementation of the Sixth Anti-Money Laundering Directive (6AMLD) by the European Union has increased the reach of predicate crimes and prioritized criminal responsibility of legal persons, propelling the use of more advanced AML technology. In addition, the creation of the European Anti-Money Laundering Authority (AMLA) will increase regulatory harmonization and oversight among member states, further fueling compliance solution demand. Regions like Germany, France, and the Netherlands have implemented stronger reporting requirements for virtual assets and cross-border transfers, while Eastern European nations are spending money on AML systems in order to meet EU expectations. The region also witnesses the growing focus on monitoring cryptocurrency and fintech platforms, which has driven the implementation of sophisticated analytics, AI, and machine learning-based AML solutions. Inquire Before Buying@ Top Key Companies in Anti-money Laundering Market: LexisNexis (US), Oracle (US), FIS (US), Fiserv (US), Jumio (US), NICE Actimize (US), SAS Institute (US), GB Group PLC (UK), FICO (US), ACI Worldwide (US), Experian (Ireland), Wolters Kluwer (Netherlands), Transunion (US), ComplyAdvantage (UK), Friss (Netherlands), Nelito Systems (India), Comarch (Poland), Allsec Technologies (India), Dixtior (Portugal), Temenos (Switzerland), TCS (India), Featurespace (UK), Feedzai (Portugal), Napier AI (UK), Tier1 Financial Solutions (Canada), Finacus Solutions (India), SymphonyAI (US), IDMERIT (US), IMTF (Switzerland), Innovative Systems (US), Sedicii (Ireland), Trulioo (Canada), NameScan (Australia), DataVisor (US), and Gurucul (US) are the key players and other players in the AML Market. Browse Adjacent Markets: Information Security Market Research Reports & Consulting Related Reports: Digital Forensics Market - Global Forecast to 2030 Endpoint Security Market - Global Forecast to 2030 Security Service Edge Market - Global Forecast to 2030 Digital Signature Market - Global Forecast to 2030 Data Diode Market - Global Forecast to 2030 Get access to the latest updates on Anti-money Laundering Companies and Anti-money Laundering Industry About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter , LinkedIn and Facebook . Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Anti-money Laundering (AML) Market worth $9.38 billion by 2030- Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., May 30, 2025 /PRNewswire/ -- The global Anti-money Laundering Market size is projected to grow from USD 4.13 billion in 2025 to USD 9.38 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 17.8% during the forecast period, according to a new report by MarketsandMarkets™. The AML Market is fueled by the surge in adoption of smart analytics and the need for enhancing infrastructure that gives a 360-degree view of customer and transactional information. Financial institutions are using machine learning and behavioral analytics more and more to identify sophisticated, emerging trends of money laundering and minimize false positives. Real-time risk scoring and network analysis are solutions that assist in the detection of underlying relationships between accounts and transactions. Regulators have also started to push the banks toward better visibility of data across silos. This has led institutions to create centralized data hubs that consolidate internal and external sources of data, which improves compliance accuracy and risk profiling. Browse in-depth TOC on "Anti-money Laundering (AML) Market" 250 – Tables 50 - Figures300 – Pages Download PDF Brochure @ Scope of the Report Report Metrics Details Market size available for years 2019–2030 Base year considered 2024 Forecast period 2025–2030 Forecast units Value (USD Billion) Segments covered Offering, Solution, Deployment Mode, Organization Size, End User, and Region Geographies covered North America, Europe, Asia Pacific, Middle East & Africa, Latin America Companies covered Major vendors in the global AML Market are LexisNexis (US), Oracle (US), FIS (US), Fiserv (US), Jumio (US), NICE Actimize (US), SAS Institute (US), GB Group PLC (UK), FICO (US), ACI Worldwide (US), Experian (Ireland), Wolters Kluwer (Netherlands), Transunion (US), ComplyAdvantage (UK), Friss (Netherlands), Nelito Systems (India), Comarch (Poland), Allsec Technologies (India), Dixtior (Portugal), Temenos (Switzerland), TCS (India), Featurespace (UK), Feedzai (Portugal), Napier AI (UK), Tier1 Financial Solutions (Canada), Finacus Solutions (India), SymphonyAI (US), IDMERIT (US), IMTF (Switzerland), Innovative Systems (US), Sedicii (Ireland), Trulioo (Canada), NameScan (Australia), DataVisor (US), and Gurucul (US) Based on solutions, the KYC/Customer Due Diligence (CDD) & sanction screening segment is expected to hold the largest market share during the forecast period. The sanction screening and KYC (Know Your Customer)/Customer Due Diligence (CDD) solutions are essential in helping financial institutions, as well as other regulated parties, comply with global AML requirements such as the US Bank Secrecy Act (BSA), the 6th Anti-Money Laundering Directive of the EU (6AMLD), and Financial Action Task Force (FATF) guidelines. KYC/CDD solutions are essentially employed by institutions to assess customer risk profiles, gather beneficial ownership information, and perform continuous monitoring to detect suspicious patterns of behavior. Sanction screening software is also critical to identify individuals and entities on global sanctions lists released by organizations such as OFAC, the UN, and the EU. As global sanctions, particularly geopolitical sanctions, become increasingly sophisticated, financial institutions are resorting to automated real-time screening systems to prevent themselves from transacting with blacklisted entities. They happen to work in conjunction with larger AML platforms and utilize artificial intelligence to dispose of false positives and enhance efficiency. Request Sample Pages@ By deployment mode, the on-premises segment will account for the largest market size during the forecast period. On-premises deployments offer more flexibility for customization, enabling institutions to tailor the AML setups to accommodate internal risk management processes and integrate seamlessly with older systems. On-premises deployment gives institutions total control over data and systems, which is particularly important when dealing with sensitive customer data and financial transactions. Capital markets and insurance firms have complex operational processes and are under different forms of regulatory oversight, and it is hence more practical for them to implement on-premises deployments in a bid to meet their individual compliance environments. Lower latency, enhanced performance, and enhanced internal governance also favor institutions. Major banks and financial institutions deploy on-premises infrastructure to host their AML operations, especially in countries that have strict data localization policies in place, such as Germany, India, and the Middle East. By region, Europe is expected to grow at the highest CAGR during the forecast period. The implementation of the Sixth Anti-Money Laundering Directive (6AMLD) by the European Union has increased the reach of predicate crimes and prioritized criminal responsibility of legal persons, propelling the use of more advanced AML technology. In addition, the creation of the European Anti-Money Laundering Authority (AMLA) will increase regulatory harmonization and oversight among member states, further fueling compliance solution demand. Regions like Germany, France, and the Netherlands have implemented stronger reporting requirements for virtual assets and cross-border transfers, while Eastern European nations are spending money on AML systems in order to meet EU expectations. The region also witnesses the growing focus on monitoring cryptocurrency and fintech platforms, which has driven the implementation of sophisticated analytics, AI, and machine learning-based AML solutions. Inquire Before Buying@ Top Key Companies in Anti-money Laundering Market: LexisNexis (US), Oracle (US), FIS (US), Fiserv (US), Jumio (US), NICE Actimize (US), SAS Institute (US), GB Group PLC (UK), FICO (US), ACI Worldwide (US), Experian (Ireland), Wolters Kluwer (Netherlands), Transunion (US), ComplyAdvantage (UK), Friss (Netherlands), Nelito Systems (India), Comarch (Poland), Allsec Technologies (India), Dixtior (Portugal), Temenos (Switzerland), TCS (India), Featurespace (UK), Feedzai (Portugal), Napier AI (UK), Tier1 Financial Solutions (Canada), Finacus Solutions (India), SymphonyAI (US), IDMERIT (US), IMTF (Switzerland), Innovative Systems (US), Sedicii (Ireland), Trulioo (Canada), NameScan (Australia), DataVisor (US), and Gurucul (US) are the key players and other players in the AML Market. Browse Adjacent Markets: Information Security Market Research Reports & Consulting Related Reports: Digital Forensics Market - Global Forecast to 2030 Endpoint Security Market - Global Forecast to 2030 Security Service Edge Market - Global Forecast to 2030 Digital Signature Market - Global Forecast to 2030 Data Diode Market - Global Forecast to 2030 Get access to the latest updates on Anti-money Laundering Companies and Anti-money Laundering Industry About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter , LinkedIn and Facebook . Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
LexisNexis breach: Data broker hack exposed trove of sensitive information, including Social Security numbers
Data analytics firm LexisNexis Risk Solutions said it suffered a data breach that could have affected the names, Social Security numbers, driver's license numbers, and contact information of more than 364,000 people. Spicy AI-generated TACO memes are taking over social media because 'Trump always chickens out' Lego's first book nook is an addictively interactive diorama Forget quiet quitting: I'm using 'loud living' to redefine workplace boundaries The company said in a filing with Maine's attorney general that an 'unauthorized third party' stole data from a third-party platform used for software development. A spokesperson told TechCrunch, which earlier reported about the breach, that an unknown hacker accessed its GitHub account. The breach dates back to last Christmas, though the company said it only discovered it on April 1. 'Upon learning of the issue, we promptly launched an investigation with the assistance of leading external cybersecurity experts, notified law enforcement, and took steps to review and further enhance our security controls,' LexisNexis said in a notice that's being sent out to consumers. 'We also initiated an extensive review of the impacted data to identify personal information that may have been affected.' Reached for comment by Fast Company, a spokesperson for LexisNexis Risk Solutions confirmed the third-party breach and emphasized that it did not contain financial or credit card information. 'There was no compromise of our own systems, infrastructure, or products,' the spokesperson said. 'We are notifying approximately 360,000 individuals and appropriate regulators. We have also reported this incident to law enforcement.' LexisNexis is part of a massive industry in which data brokers collect and sell access to personal and financial data for risk and fraud assessment. That information can have wide repercussions for consumers. For example, The New York Times reported last year that LexisNexis had received driving data from automakers, which the firm would then sell to insurance companies, potentially leading to higher premiums. LexisNexis also operates a large database of legal documents and public records. The Consumer Financial Protection Bureau (CFPB) said in December that it planned to introduce rules that would limit the ability of data brokers to sell sensitive information on Americans. But the new Trump administration halted those operations, and the CFPB officially scrapped the plans earlier this month. 'The Bureau is withdrawing this NPRM [notice of proposed rulemaking] in light of updates to Bureau policies,' its listing in the Federal Register said. This post originally appeared at to get the Fast Company newsletter: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Techday NZ
2 days ago
- Automotive
- Techday NZ
LexisNexis data breach exposes 364,000 personal records
LexisNexis, a prominent global data analytics and legal intelligence provider, has confirmed a data breach impacting more than 364,000 individuals, raising significant concerns over the security of personal information held by data brokers. The breach, reportedly executed through a third-party platform used for software development, exposed a wide array of sensitive data, including names, dates of birth, phone numbers, addresses, email and postal details, driver's license numbers, and Social Security information. The exposure of such comprehensive personal data has triggered alarm among both customers and cybersecurity experts. LexisNexis serves a varied clientele, ranging from law enforcement agencies to automotive manufacturers, which means the implications of the breach extend across numerous industries and organisations. The breadth and depth of the data held by LexisNexis amplify the potential fallout from the incident. Andrew Costis, Engineering Manager of the Adversary Research Team at AttackIQ, commented on the breach, highlighting its origins and wider impact: "Legal AI and data analytics company LexisNexis has disclosed a data breach that has affected at least 364,000 people. An unknown hacker accessed customer data through a third-party platform that LexisNexis utilises for software development. The stolen data includes names, dates of birth, phone numbers, postal and email addresses, driver's license numbers, and Social Security information. Given the range of LexisNexis' customer base, which spans law enforcement agencies to vehicle manufacturers, the scope of individuals and organisations impacted is substantial." Costis further stressed the critical importance of security for data brokers: "Protecting the information of its customers is a necessity for any successful company. However, for data brokers like LexisNexis, who profit from collecting and selling huge amounts of personal and financial customer data, the need for airtight security measures is exponentially greater. One breach can often set off a chain reaction of mistrust from their client base, putting not just the company at risk, but their massive stockpile of customer data as well. A recent example of this effect can be seen in the recent 23andMe breach and subsequent bankruptcy." He called for more proactive defence strategies: "To protect valuable customer data, organisations must prioritise proactive defense, with a strong focus on threat detection and response. By utilising techniques like adversarial exposure validation, organisations can test their system's response to identify and address any vulnerabilities before they can be exploited." Steve Cobb, Chief Information Security Officer at SecurityScorecard, added analysis on the risks associated with third-party platforms: "The breach at LexisNexis Risk Solutions, involving unauthorised access via GitHub and the exposure of over 360,000 individuals' personal data, highlights a critical blind spot in third-party risk management." He pointed out the ongoing challenges LexisNexis faces with its data broker role: "LexisNexis has already faced scrutiny over data sharing relationships and has faced multiple lawsuits for its role as a data broker that collects and sells sensitive information. The immense volume of sensitive data that the company holds makes the integrity of every access point, including software development platforms, non-negotiable." Cobb emphasised the importance of treating third-party platforms with the same security rigour as core systems: "Third-party platforms are high-value assets used by organisations that demand the same level of security oversight as any core system. When enterprises treat them as afterthoughts, they open the door to cascading risk. In today's ecosystem, third-party risk isn't an external issue, but an internal vulnerability. The future of cyber defence hinges on operationalising visibility and integrating supply chain detection and response into the heart of security operations." LexisNexis has historically faced scrutiny over its data collection practices and the sharing of sensitive information. This latest breach may reinvigorate debate around the accountability of data brokers and the regulatory frameworks designed to protect individuals' privacy. As the volume and value of digital information continue to rise, the incident serves as a stark reminder of the responsibility data custodians bear to maintain the highest standards of security across all facets of their operations, including those managed by third-party suppliers.
Techday NZ
3 days ago
- Automotive
- Techday NZ
LexisNexis data breach exposes personal details of 364,000 people
LexisNexis, a prominent global data analytics and legal intelligence provider, has confirmed a data breach impacting more than 364,000 individuals, raising significant concerns over the security of personal information held by data brokers. The breach, reportedly executed through a third-party platform used for software development, has exposed a wide array of sensitive data, including names, dates of birth, phone numbers, addresses, email and postal details, driver's license numbers, and Social Security information. The exposure of such comprehensive personal data has triggered alarm among both customers and cybersecurity experts. LexisNexis serves a varied clientele, ranging from law enforcement agencies to automotive manufacturers, which means the implications of the breach extend across numerous industries and organisations. The breadth and depth of the data held by LexisNexis amplify the potential fallout from the incident. Cybersecurity specialists have been quick to comment on the nature and severity of the breach, as well as its broader implications for the industry. Andrew Costis, Engineering Manager of the Adversary Research Team at AttackIQ, highlighted that the breach originated through a third-party software development platform. This detail underscores emerging challenges in supply chain security. "Given the range of LexisNexis' customer base, which spans law enforcement agencies to vehicle manufacturers, the scope of individuals and organisations impacted is substantial," Costis said. He further warned of the risks inherent to data brokers who manage vast repositories of highly sensitive personal and financial information, noting that "one breach can often set off a chain reaction of mistrust," placing both the company and its clients' data in jeopardy. Costis referenced the recent example of genetic testing firm 23andMe, which faced severe operational and reputational damage following its own data compromise. He emphasised the urgent need for companies like LexisNexis to implement "airtight security measures." He called for organisations to adopt proactive defence strategies, including robust threat detection and their system's capability to respond to simulated adversarial attacks. "By utilising techniques like adversarial exposure validation, organisations can test their system's response to identify and address any vulnerabilities before they can be exploited," he said. Additional analysis was provided by Steve Cobb, Chief Information Security Officer at SecurityScorecard, who focused on the risks associated with third-party services. He stated, "The breach at LexisNexis Risk Solutions, involving unauthorised access via GitHub and the exposure of over 360,000 individuals' personal data, underscores a critical blind spot in third-party risk management." Cobb pointed out that platforms used for software development, like GitHub, demand the same level of defensive scrutiny as a company's core systems, yet are often overlooked. "Third-party platforms are high-value assets used by organisations that demand the same level of security oversight as any core system. When enterprises treat them as afterthoughts, they open the door to cascading risk," Cobb remarked. He emphasised the importance of visibility and supply chain detection as central elements in today's security operations, asserting that "the future of cyber defence hinges on operationalising visibility and integrating supply chain detection and response into the heart of security operations." LexisNexis has historically faced scrutiny over its data collection practices and the sharing of sensitive information. The latest breach may reinvigorate debate around the accountability of data brokers and the regulatory frameworks designed to protect individuals' privacy. The incident serves as a reminder that as the volume and value of digital information continue to rise, so too does the responsibility of data custodians to maintain the highest possible standards of security across all facets of their operations, including those managed by third-party suppliers.
