Revolut Secures Its Banking License – Crowning A Decade Of Digital Banks
Forrester IT
JULY 25, 2024
Digital banks are gaining traction among consumers, globally. Learn what incumbent banks should do to compete.
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How to Offer Secure IVR Banking and Authenticate Callers
Tech Republic Security
AUGUST 8, 2024
Discover how to safeguard IVR banking from hackers and implement secure authentication methods for customer protection. Find out how these digital alternatives benefit both customers and agents.
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FinTech Tools, Security Concerns Top of Mind for Gen-Z Banking
Information Week
SEPTEMBER 8, 2022
Banks and financial institutions are turning to data analytics and AI to help Gen Z with planning and tapping into biometrics to assuage their cybersecurity concerns.
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Your Team's Pragmatic Guide to Security
Speaker: Naresh Soni, CTO, Tsunami XR
The pandemic has led to new data vulnerabilities, and therefore new cyber security threats. As technology leaders, it's time to rethink some of your product security strategy. By understanding the latest threats and their solutions, you can come out of this crisis stronger than ever--without breaking the bank.
It's time for banks to rethink how they secure customer information
Tech Republic Security
NOVEMBER 20, 2020
Jack Wallen thinks banks and credit card companies need to start considering radical ideas to increase their security. In fact, he goes so far as to share such an idea.
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Beyond Bank CIO: Balancing tradition and innovation in the digital age
CIO Business Intelligence
DECEMBER 3, 2024
Beyond Bank Australia is one of the largest customer-owned banks in Australia and one of the leading B Corps in the country. Beyond Bank has a real focus on customers who are the members and owners of the bank. Beyond Bank has a real focus on customers who are the members and owners of the bank.
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How banks and banking customers can protect themselves against financial crimes
Tech Republic Security
MARCH 4, 2021
Account takeovers and online banking fraud are two types of attacks on the rise against financial institutions and their customers, says Feedzai.
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Adapt Or Die: Banks Face An Extinction Event
Forrester IT
JUNE 17, 2024
Well, that’s how legacy, monolithic banking systems are: inflexible, siloed, and product-centric; closed, batch-based, unintelligent, and security-challenged — relics of a bygone era. Now, dramatically change their environment. Sounds like a recipe for extinction, right?
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New Xenomorph Android malware targets more than 50 banking and financial applications
Tech Republic Security
FEBRUARY 23, 2022
Some banking malware targets mobile devices and can quickly steal money from banking accounts. Meet Xenomorph, a new malware targeting Android and more than 50 banking and financial applications. The post New Xenomorph Android malware targets more than 50 banking and financial applications appeared first on TechRepublic.
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FBI warns about cybercriminals exploiting mobile banking apps
Tech Republic Security
JUNE 11, 2020
With increased use, phony apps and banking trojans will try to steal account credentials, according to the FBI.
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Credential phishing attack impersonates Bank of America
Tech Republic Security
JUNE 18, 2020
The phishing email leads recipients to a phony BOA landing page in an attempt to steal their banking credentials, according to Armorblox.
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Aruba banks on integrated security, AI, NaaS for enterprise growth
Network World
APRIL 28, 2023
Security, AI, and network-as-a-service (NaaS) were top of mind for Aruba Networks execs at their Atmosphere customer conference this week. Ten years ago for most network operators their main job was making sure connectivity was reliable and security was someone else’s problem. To read this article in full, please click here
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ADIB-Egypt announces 1 billion EGP digital transformation plan
CIO Business Intelligence
DECEMBER 8, 2024
This ambitious initiative is poised to position ADIB-Egypt at the forefront of the digital banking revolution, transforming how customers interact with their financial services. The bank has been dedicated to enhancing its digital platforms and improving customer experience.
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Popular mobile banking apps are riddled with security flaws, and Android users are more at risk
Tech Republic Security
JUNE 18, 2020
A study of banking apps for iOS and Android found poor source code protection, cleartext storage of sensitive data, and other serious flaws that make it easy for attackers to break into accounts.
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Corporate One enables immediate payments with data orchestration hub
CIO Business Intelligence
JANUARY 24, 2025
Financial institutions, after all, have core technologies that arent just systems but deeply integrated repositories that store all critical customer account information, and deliver services with efficiency and security. So members can quickly and securely transfer funds between bank accounts in real time.
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New Android banking malware disguises as crypto app to spread
Tech Republic Security
JUNE 21, 2022
A new banking Trojan dubbed "Malibot" pretends to be a cryptomining application to spread between Android phones. The post New Android banking malware disguises as crypto app to spread appeared first on TechRepublic. While only active now in Spain and Italy, it could begin targeting Americans.
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How to protect your business from email compromise – and be prepared if protection falls short
CIO Business Intelligence
OCTOBER 31, 2024
Many businesses are now requiring employees to update payment information through secure portals rather than relying on email communications, which reduces the chance of falling victim to an attack. If you suspect fraudulent activity, immediately notify your banking partner. We tell our clients, don’t be embarrassed.
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Six steps to creating a successful IT strategy: A guide for CIOs
CIO Business Intelligence
OCTOBER 15, 2024
This process includes establishing core principles such as agility, scalability, security, and customer centricity. For example, a company aiming for market expansion might focus on developing scalable infrastructure, enabling application localization, and enhancing security measures to support operations in new regions.
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Don’t break the bank: Stopping ransomware from getting the best of your business
Network World
JUNE 13, 2024
In other words, the landscape has fundamentally changed, and so the ways to secure it must change as well. The stages of a cyberattack are analogous to that of a bank robbery. In the cyber world, the bank represents your external attack surface—the part that’s visible to threat actors. Stay up to date.
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Anonymous Sudan’s Attack of European Investment Bank: Money, Politics and PR
Tech Republic Security
JUNE 26, 2023
The post Anonymous Sudan’s Attack of European Investment Bank: Money, Politics and PR appeared first on TechRepublic. Pro-Kremlin groups Anonymous Sudan, Killnet and Clop have other motivations than just hacktivism as they widen their attack field beyond political targets.
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Phishing campaigns against Chase Bank customers are on the rise
Tech Republic Security
OCTOBER 5, 2021
Throughout the summer of 2021, the number of phishing URLs designed to impersonate Chase jumped by 300%, says security firm Cyren.
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How CBA Is Managing Cyber Security in an Age of ‘Infinite Signals’
Tech Republic Security
NOVEMBER 9, 2023
Commonwealth Bank of Australia cyber defence operations leader Andrew Pade is building an AI legacy that will protect customers from cyber attacks and security professionals from career burnout.
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Are enterprises ready to adopt AI at scale?
CIO Business Intelligence
OCTOBER 30, 2024
As data is moved between environments, fed into ML models, or leveraged in advanced analytics, considerations around things like security and compliance are top of mind for many. In fact, among surveyed leaders, 74% identified security and compliance risks surrounding AI as one of the biggest barriers to adoption.
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Making Banking a More Effortless Experience
CIO Business Intelligence
AUGUST 22, 2022
Along with nearly every other industry, banking is facing greater competitive pressure than ever. As banks continue to face this reality, they’re also tasked with addressing a variety of rapidly changing issues, including those surrounding data protection, adoption of cryptocurrency, and anonymizing data (AI models). .
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The generative AI revolution is transforming how banks work
CIO Business Intelligence
FEBRUARY 16, 2024
The generative AI revolution has the power to transform how banks operate. Banks are increasingly turning to AI to assist with a wide range of tasks, from customer onboarding to fraud detection and risk regulation. So, as they leap into AI, banks must first ensure that their data is AI-ready. Generative AI, Innovation
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KeyBank CIO Amy Brady heeds the transformative call of IT leadership
CIO Business Intelligence
FEBRUARY 27, 2025
In this role, Brady oversees the front-to-back IT organization, data and analytics, enterprise security, enterprise risk, and an intelligent automation center of excellence, all while managing back-office operations, contact center services, and KeyBanks corporate real estate portfolio. So, I thought, banking would be stable.
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AI, predictive analytics top list of hot technologies for banks
CIO Business Intelligence
JUNE 2, 2022
Hot technologies for banks also include 5G , natural language processing (NLP) , microservices architecture , and computer vision, according to Forrester’s recent Top Emerging Technologies in Banking In 2022 report. 5G aids customer service. 5G aids customer service.
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Escobar mobile malware targets 190 banking and financial apps, steals 2FA codes
Tech Republic Security
MARCH 17, 2022
The post Escobar mobile malware targets 190 banking and financial apps, steals 2FA codes appeared first on TechRepublic. A new Android mobile malware dubbed Escobar has hit the cybercrime underground market. Read more about it and see how to protect yourself from this threat.
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Leveraging Avaya Experience Platform to accelerate your digital banking transformation
CIO Business Intelligence
DECEMBER 26, 2024
Banks are striving for digital innovation but regulatory constraints, data security and privacy concerns, integration challenges, and the high costs of enabling change prevent 70% from achieving their transformation goals. Overall, the banks digital channel perception CSAT improved from 63% in 2022 to 80% in 2024.
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Phishing attacks target Chase Bank customers
Tech Republic Security
APRIL 27, 2021
Two email campaigns discovered by Armorblox impersonated Chase in an attempt to steal login credentials.
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Cybercriminals exploiting the coronavirus to deploy infostealers
Tech Republic Security
MAY 11, 2020
These threats are designed to capture usernames, passwords, bank details, network information, and other sensitive data, says security provider Lastline.
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Should finance organizations bank on Generative AI?
CIO Business Intelligence
SEPTEMBER 29, 2023
As I work with financial services and banking organizations around the world, one thing is clear: AI and generative AI are hot topics of conversation. In the finance and banking industry, however, organizations are seeking extra guidance on the best way forward. In short, yes. But it’s an evolution.
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Accelerating AI for financial services: Innovation at scale with NVIDIA and Microsoft
CIO Business Intelligence
DECEMBER 18, 2024
Among them: Banking: Organizations are delivering personalized solutions with recommendations and enhancing customer service operations with avatar-assisted services and Natural Language Processing (NPL) chatbots that fulfill service requests promptly.
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IRS warns consumers and businesses of common scams during tax season
Tech Republic Security
APRIL 5, 2022
In one type of phishing attack described by the IRS, scammers pose as IRS workers to try to coax employees into sharing social security numbers or bank account details. The post IRS warns consumers and businesses of common scams during tax season appeared first on TechRepublic.
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Android malware infected more than 300,000 devices with banking trojans
Tech Republic Security
DECEMBER 8, 2021
The initial apps in Google Play were safe, but the creators found a way around the Play Store's protections to install malware on Android users' devices. Here's how it happened and how to stay safe.
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Lessons learned: 4 Zscaler deployments later
Network World
OCTOBER 28, 2024
Capitec is the second largest bank in South Africa, and like financial institutions the world over, it’s a potential target for attackers. I was confident that a zero trust architecture with the right vendor would at least help address our security concerns. Zscaler shows us insights that truly help us get a handle on risk.
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The Battle for Payment Data: Who Owns Your Transactions?
Information Week
JULY 26, 2024
Exploring the battle for payment data ownership among consumers, merchants, tech giants, and banks, raising crucial issues of privacy, security, and regulatory compliance.
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Customer centricity: How Mashreq Bank is placing its customers at the forefront of its operations.
CIO Business Intelligence
FEBRUARY 5, 2024
Mohamed Salah Abdel Hamid Abdel Razek, Senior Executive Vice President and Group Head of Tech, Transformation & Information, Mashreq explains how the bank is integrating advanced technologies and expanding its digital footprint. This approach has significantly enhanced the customer banking experience.
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Enter the next phase of Industry 4.0 with edge AI
CIO Business Intelligence
DECEMBER 3, 2024
What companies need to do in order to cope with future challenges is adapt quickly: slim down and become more agile, be more innovative, become more cost-effective, yet be secure in IT terms. A high-street bank in the UK shows just how necessary it is to tackle the challenges that modernisation poses systematically.
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How Google’s $32B deal to buy Wiz redefines the cloud security industry
GeekWire
MARCH 18, 2025
Here’s my take on Googles $32 billion bet on cloud security with their offer to acquire Wiz. Google Cloud just leveled up vs. AWS & Azure: Security was Googles weak spot in cloud offerings. Grabbing Wiz a top cloud security platform instantly plugs that gap. I think they just redefined the game.
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Cyber trailblazers breaking barriers: Insights from women cybersecurity leaders at Gitex 2024
CIO Business Intelligence
OCTOBER 23, 2024
Tigist Hamid Mohammed, Director General of the Information Network Security Administration in Ethiopia. Dr. Abeer Khedr, Group Head of Cybersecurity at the National Bank of Egypt, echoed this sentiment: “Cyber leadership at the client side means reaching CISO levels or beyond. But we must do even more,” said H.E.
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