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Three Ways Banks Can Improve Identity Authentication and Customer Data Privacy

CIO Business Intelligence

Digitalization is a double-edged sword for banks, especially when it comes to security. As financial services become more digital in nature, it’s important that banks think differently when using data analytics, security tools, and education to improve identity authentication and customer data privacy.

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The AI cat and mouse game has begun

CIO Business Intelligence

The incident involved scammers who, using publicly available videos and audio from YouTube of targeted senior executives, created deepfake representations to deceive a finance employee into executing multiple transactions to bank accounts in Hong Kong, resulting in significant financial damage to the company.

Social 305
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Cloud, SaaS boost Oracle sales, but competition exacts costs

CIO Business Intelligence

In the financial services sector, Oracle signed TD Bank, Silicon Valley Bank, Societe Generale in France, and the company expects to close a deal with BNP Paribas soon, Ellison said, according to a transcript from Seeking Alpha. While overall revenue including services and license support rose 4% year over year to reach $10.5

Oracle 264
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Technology News and Hot Topics

CTOvision

Last week technology news site Re:Code announced that it would stop hosting comments on its own sites as the conversation around stories was already happening on social media. Rush-hour traffic forces banks to embrace technology. Royal Bank of Scotland Fined Million Over Technology Failure.

Symantec 282
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Microsoft's Docs.com is sharing dangerously sensitive personal files and information

Network World

PCWorld found social security numbers, health insurance ID numbers, bank records, job applications, personal contact details, legal correspondence, and drivers license numbers with just a few minutes of searching. That means anyone can search Docs.com for sensitive personal information that wasn’t manually set private.

Microsoft 150
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Marc Andreessen on the future of technology and the nature of government services

CTOvision

Consider the many services that states are already moving online, like driver licenses and car registration. Many young people today interact with their financial services in ways that will never require them to visit a bank. By 2030 we should expect to have virtual adjudication in many cases. This is just one domain.

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Lawsuit claims IBM falsely used mainframe sales to boost AI, cloud businesses

CIO Business Intelligence

Defendants portrayed Strategic Imperatives and CAMSS as growing materially beyond actual growth, materially misrepresenting IBM’s shift away from its stagnant legacy mainframe segment.”

IBM 246