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.
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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PSD2 Security Requirements Are Restricting Fintech Innovation
Forrester IT
MAY 30, 2019
I have recently released a new report looking at the second phase of the Payment Services Directive (PSD2) and its security requirements along with my colleagues Jacob Morgan and Andras Cser. Banks and financial institutions are currently hard at work building APIs and testing their Strong Customer Authentication (SCA) solutions.
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The Rise of Crypto: Banks Edge Closer to Ethereum 2.0 Staking
CTOvision
JUNE 30, 2021
staking could be the future of secure banking in the world on Coin Desk : Banks could one day be key participants in Ethereum 2.0. Read Ian Allison explain how Ethereum 2.0
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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.
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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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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CIOs Want To Know: How Secure Is Your Mobile Phone?
The Accidental Successful CIO
FEBRUARY 17, 2021
What should you be doing as CIO to keep your people and your company secure? Once this has been done, the bad guys can then trick banks and other companies into resetting the phone owner’s password by having them send the password reset to the new phone. More security means more friction. What All Of This Means For You.
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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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Deutsche Bank extends partnership with Kyndryl for revamp plans
Tech Republic Cloud
OCTOBER 12, 2022
This renewed partnership is intended to accelerate Deutsche Bank’s transformation ambitions by integrating cloud computing, automation and security technologies. The post Deutsche Bank extends partnership with Kyndryl for revamp plans appeared first on TechRepublic.
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Copilot: an indispensable tool for banking security teams
CIO Business Intelligence
FEBRUARY 22, 2024
The threat to banks from cyber crime is becoming increasingly complex, as state actors and criminal gangs become more adept at targeting vulnerabilities. A report by the Bank for International Settlements singled out the growth of cloud-based services and remote working as two of the primary drivers behind the heightened risk.
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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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BofA Vendor Data Breach Amplifies Third-Party Risks
IT Toolbox
FEBRUARY 14, 2024
A Bank of America vendor suffered a data breach in November last year wherein the threat actors compromised tens of thousands of customers. The incident, which came to light recently, underlines the necessity of conducting the appropriate security checks while dealing with third parties.
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More Than 40 Banks Worldwide Hit by Malware Campaign
IT Toolbox
DECEMBER 22, 2023
IBM’s security team first detected the malware campaign in March 2023. The post More Than 40 Banks Worldwide Hit by Malware Campaign appeared first on Spiceworks.
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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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How To Secure 5G — And The Internet Of Things Too
CTOvision
APRIL 27, 2020
Work from home, play games (online) from home, bank from the comfort of your couch — because the bank branches are closed, of course. The coronavirus has forced us to embrace the connected age in ways we might not have dreamed of a few short months ago. The questions remain, though, as 4G gives way to […].
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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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The Global Scampocalypse – Fraud Rules the Day
IT Toolbox
NOVEMBER 14, 2023
Learn how AI-driven tactics are reshaping financial security, protecting banks and customers alike. The post The Global Scampocalypse – Fraud Rules the Day appeared first on Spiceworks.
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First Citizens Bank is buying Silicon Valley Bank’s deposits and loans
GeekWire
MARCH 26, 2023
The deal with First Citizens may provide some market stability following a tumultuous past few weeks since Silicon Valley Bank went down. GeekWire Photo / Nate Bek) First Citizens Bank has agreed to purchase all deposits and loans of Silicon Valley Bank, the Federal Deposit Insurance Corporation announced late Sunday.
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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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How I Almost Got Phished And Why Training Isn’t Enough
Forrester IT
OCTOBER 5, 2018
I received a text message the other day that looked a lot like what I might get from my bank if I triggered some anti fraud check. The timing was impeccable, I had just used the card to pay for takeout and had walked out to my motorcycle to head home. When I initially got […].
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FORRward: A Weekly Read For Tech And Marketing Execs
Forrester IT
MARCH 23, 2020
Last week, federal banking regulators issued additional guidance to help banks and their customers cope with the financial fallout of the outbreak. And, a review of the risk sections of the annual reports for the Fortune 50 showed that about half […].
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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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How Machine Learning Can Strengthen Insider Threat Detection
CTOvision
MARCH 19, 2020
Read Akshaya Asokan explain how machine learning could increase insider threats detection on Bank Info Security : As companies continue to grapple with the challenges of insider threats, machine learning coupled with behavioral analytics can assist in predicting and detecting potential threats from employees and contractors, according to a panel of (..)
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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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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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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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5 ways GenAI is transforming financial planning for banks
CIO Business Intelligence
NOVEMBER 26, 2024
McKinsey estimates that AI—and generative AI in particular— could contribute up to $340 billion annually to the global banking sector, accounting for approximately 4.7% Investing in robust data infrastructure, such as scalable, secure cloud-based storage and advanced management tools, is essential for data accessibility and security.
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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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DevOps, Invest For Velocity And Quality!
Forrester IT
APRIL 22, 2017
At ING, technology is the beating heart of the bank. [i]. Existing centers of excellence such as DBA's or security teams will remain and support the DevOps team; in some cases, they might even be allocated to the team for a particular duration. [ii] DevOps requires a transition from technical silos to product centered teams.
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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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The massive Social Security number breach is actually a good thing
Vox
AUGUST 22, 2024
A couple weeks ago, I got an unnerving message from my bank. My Social Security number had been compromised in an alleged data breach. One news station ran a hyperbolic headline that claimed , “Hackers may have stolen the Social Security numbers of every American.” That’s when security experts started to get worried.
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Don’t Wait For A Crisis To Act
Forrester IT
JULY 23, 2024
The recent CrowdStrike incident that affected over eight million Microsoft systems, including those in hospitals, banks, emergency response centers, and airports, is likely to be the largest IT outage in history.
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Accelerating AI at scale without sacrificing security
CIO Business Intelligence
NOVEMBER 27, 2024
For others, it may simply be a matter of integrating AI into internal operations to improve decision-making and bolster security with stronger fraud detection. According to a Cloudera survey, 72% of business leaders agree that data governance is an enabler of business value, underscoring the critical link between secure data and impactful AI.
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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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Potential Malicious Use Of IT By NASA Astronaut While On Orbit: Thought provoking but probably not hacking
CTOvision
AUGUST 24, 2019
Now here is an interesting/new story: A NASA astronaut is accused of hacking her estranged spouse’s bank account from space I […]. They get old for sure, especially since so many have at their core common issues that could have been avoided by application of best practices.
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Phishing Campaign Uses Fake Google reCAPTCHA to Distribute Malware
CTOvision
FEBRUARY 27, 2019
Digital attackers deployed this disguise in the hopes that employees at the targeted bank would click on a link to a malicious PHP file out of alarm. Sucuri researchers discovered that the campaign sent out malicious emails masquerading as a confirmation for a recent transaction.
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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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Customer centricity: How Mashreq Bank is placing its customers at the forefront of its operations
CIO Business Intelligence
NOVEMBER 26, 2024
This approach has significantly enhanced the customer banking experience. At Mashreq, we are redefining traditional banking by always placing our customers at the forefront of our operations. What are the different kinds of technology that Mashreq has been investing in to upgrade its banking system and services in recent years?
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CSO30 Awards: Introducing the top 30 security leaders in the UAE
CIO Business Intelligence
MAY 22, 2024
Ali Alkaf Alhashmi VP, Cyber Security & Technology, Mubadala Investments 4. Anoop Paudval Head of Information Security and Governance Gulf News, Al Nisr Publishing 5. Ayoub Fathi, Vice President of Information Security, CISO noon 7. Dileep Sreedharan, Senior Director of Cyber Security, DAMAC Group 8.
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