Crypto.com has announced a significant restructuring effort, cutting around 12% of its workforce as it shifts focus towards AI. The move is part of the company's efforts to streamline operations and improve efficiency.
Meanwhile, Trulioo's Chief Product Officer Zac Cohen highlighted the importance of continuous oversight in Know Your Customer (KYC) and Know Your Business (KYB) controls during a recent interview with PYMNTS. Cohen emphasized that these controls are crucial in preventing fraud and ensuring the integrity of online transactions.
Cohen noted that many organizations still rely on episodic controls, treating KYC and KYB as one-time checks rather than continuous processes. He advocated for an 'always-on defense' posture, where companies continuously monitor and adapt to changing risk patterns.