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Can cyber-crime result in global financial systemic risk?

Trends in the Living Networks

On Saturday I was interviewed on SBS World News about the ATM heist that netted $45 million from 40,000 withdrawals over 26 countries. It was an extremely sophisticated attack, involving not just hacking credit card payment processors and banks, but also eliminating the limits on prepaid debit cards before creating thousands of copies.

Financial 158
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Cyber-Security Dangers of Repealing Net Neutrality

Galido

Net neutrality is the principle that governments have put in place directing Internet Service Providers (ISP) to treat all internet traffic the same. Due to the recent decision of the Federal Communications Commission (FCC) which resulted in the repealing net neutrality, ISPs will now have control of internet usage.

.Net 66
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3 Ways Technology Can Be Used to Improve Your Personal Finances

Galido

Make Use of Online Banking. If you haven’t yet taken the plunge and decided to embrace online banking, you are missing out on the opportunity to improve your personal finances. Once opened, an online banking account will provide you with instant access to all of your accounts in one place and at all times. Lower banking fees.

.Net 100
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French government leaves $1.1 billion hole in Atos refinancing plan, Atos says don’t worry

CIO Business Intelligence

billion restructuring plan with its banks and shareholders. That wasn’t enough to get it back into the black, though, and its net loss in the first half of the year grew to €1.91 After a troubled year and a series of new CEOs, Atos seemed to have pulled a rabbit out of the hat in July, when it locked in a $1.8 billion (about $2.1

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Ally Financial finds gen AI success with 3 guiding principles

CIO Business Intelligence

Bank holding company Ally Financial is determined to stay at the cutting edge of technology in the financial industry. But Ally is part of a highly regulated industry, which has seen many banks and financial institutions delayed by regulations. The question was how to incorporate it without sacrificing security. Allys answer?

Financial 121
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Atos slides deeper into the red

CIO Business Intelligence

billion)in the first six months of the year, compared to a loss of €434 million a year earlier; Its net loss for the half-year was €1.91 billion from banks and bondholders. The main focus is on the future of security-related areas of Atos, such as the Bull SA division and the Big Data & Security (BDS) business.

Financial 126
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5 Email Phishing Scams that Actually Work and Might Risk Your Business

Galido

The Bank Angle. One of the most popular ploys when it comes to phishing scams comes in the form of an email purporting to be from a bank or financial institution, asking for you to confirm your credentials for security purposes. The Taxman is Calling.

Banking 105