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Tech Talk: Remote work, virtual reality, insider attacks, and more!

  • Remote work may outlast the pandemic
  • 33% of companies expose unsafe network services
  • Sharing instant account activity
  • How digital can banking really get?
  • Bankers may have the right approach to fintech
  • Pandemic: Balancing user experience and security
  • The cost of an insider attack
  • Banking with augmented and virtual reality
  • Mastercard targets touchless economy
  • Spam, Scams & Breaches
  • Updates, Patches & Alerts
  • and on the lighter side...

Remote work may outlast the pandemic
Working remotely during the pandemic was initially supposed to be a short-term solution to a temporary problem, however, some banks and credit unions have no intention of bringing back the same number of office and branch workers that they had pre-pandemic. ATM Marketplace has the details.

33% of companies expose unsafe network services
A new report finds that 33% of companies within the digital supply chain expose common network services such as data storage, remote access, and network administration to the internet. TechRepublic has the details.

Sharing instant account activity
As a financial institution, you want to let your customers move money from a checking account to a savings account in seconds. But customers expect the same experience with other financial services. Now there is Plaid Exchange, a product that helps financial institutions build and maintain an API that other developers can use. TechCrunch has the details.

How digital can banking really get?
As digital banking grows in popularity, we can expect an even greater pace of change. But before banks get ahead of themselves, they have to ensure they have the right strategic mix of automation and people driven processes. Finextra has the details.

Bankers may have the right approach to fintech
The complaint is banks are seemingly too slow to adopt fintech's bright ideas. Some technologists, tired of marketing their wares to banks, have instead decided to go ahead and launch their own challenger banks. But old-school bankers aren’t dumb. Most know the “buy versus build” choice in fintech is a false choice. The right question is almost never whether to buy software or build it internally. TechCrunch has the details.

Pandemic: Balancing user experience and security
The pandemic has been accelerating a trend toward less physical interaction at a branch. Banks are forced to consider how they can securely allow their current and prospective customers to conduct the same kinds of activities remotely while keeping them safe from increasing digital fraud and cybersecurity threats. FinTech Futures has the details.

The cost of an insider attack
Securing against insider threats has become increasingly challenging. According to a recent study, most organizations cannot guarantee that they can detect insider threats stemming from personal devices (82%) or the cloud (50%), while 81% find it difficult to assess the impact of insider attacks. Your institution needs to take a serious look at threats from within your organization. Help Net Security has the details.

Banking with augmented and virtual reality
Augmented and virtual reality can be used to create a virtual digital bank branch. The result are immersive customer experiences, platforms and applications that lead to higher user engagement. It may be time to explore this emerging technology. Finextra has the details.

Mastercard targets touchless economy
As merchants adapt to the Covid-19 world, Mastercard has unveiled AI-powered technology designed to enable touchless shopping. Finextra has the details.

Spams, Scams, and Breaches

Updates, Patches, and Alerts...

See what other current hot cyber and technology topics affecting financial institutions BOL users are discussing in the Technology Forum.

And on the lighter side...

This week, we came across a trove of IT/science/engineering related cartoons from the folks at Infosecurity. We know that not everyone will relate to these, but if you are reading Tech Talk, these will hit the mark. Enjoy. Infosecurity cartoons

First published on 09/04/2020

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