Tips for Tech

Tech Talk: Financial optimization, ID verification, biometric cards, and more!

State-sponsored attackers stole hacking tools
Payments have become tech arms race
Combating the virtual and physical threats
Navigating the security maze in a new era of cyberthreats
Swedish challenger Rocker pilots biometric card
Ransomware makes up half of all major incidents
Financial optimization: The core business of a bank?
The line between physical security & cybersecurity blurs
ID verification is no longer an obstacle to global growth
Spam, Scams & Breaches
Updates, Patches & Alerts
and on the lighter side...

State-sponsored attackers stole hacking tools
U.S. cybersecurity company FireEye has suffered a breach, FireEye CEO Kevin Mandia has disclosed on Tuesday. The attackers accessed and stole FireEye’s Red Team tools, which the company uses to probe other organizations’ security posture to help them improve it. Help Net Security has the details.

Payments have become tech arms race
The vast majority of banks (94%) believe that the Covid-19 pandemic has turned the payments market into a technology arms race for which they are unprepared. This is the finding from a survey of 200 European banking executives carried out by card issuing platform Marqeta. Finextra has the details.

Combating the virtual and physical threats
Today, banks must contend with near-constant cyber attacks from organized criminal gangs, as well as highly skilled and well-resourced threat actors working on behalf of nation-states. Help Net Security has the details.

Navigating the security maze in a new era of cyberthreats
As we look forward to the new year and the potential for a return to some measure of normalcy, we have the opportunity to consider how we might tackle the new challenges of the rapidly evolving cyber-threat environment going forward. Dark Reading has the details.

Swedish challenger Rocker pilots biometric card
Swedish digital banking challenger Rocker is set to pilot the country's first contactless fingerprint biometric debit card. The firm is working with augmented identification vendor Idemia to roll out the card early next year, enabling users to ditch their PINs for payments. Finextra has the details.

Ransomware makes up half of all major incidents
Ransomware attacks made up the majority of serious cyber intrusions this year, accounting for 51% of all incidents investigated by CrowdStrike in 2020, according to the company's yearly incident-analysis report. has the details.

Financial optimization: The core business of a bank?
You could argue that the main role of a bank is to increase the buying power of its customers and support their customers in increasing their assets. Whether through credits or investments, both solutions make purchases possible, which can lead to a positive future return. Finextra has the details.

The line between physical security & cybersecurity blurs
Protecting people and property is as important as ever, and devices like IP cameras and other sensors have put powerful new capabilities in the hands of security teams. But the connected nature of these devices has brought new challenges to bear. has the details.

ID verification is no longer an obstacle to global growth
There continues to be a huge increase in smartphone usage throughout the world. This proliferation opens the door to financial services organizations based in the west to use all the sources of information the mobile device provides to inform the identity of prospective and existing customers. 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...

Here's a compilation of Jim Gaffigan's observations about technology, covering many changes over his long career. (It's a bit longer than what we usually post.) Jim Gaffigan on Technology

First published on 12/11/2020

Briefing type:

Tech Talk

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