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Tech Talk: Cyber risks, check fraud attacks, paying with Fitbits, and more!

  • Users clueless about cybersecurity risks
  • Banking service for migrants expands to the US
  • Protecting against check fraud attacks
  • Bank allows children to access app
  • Making payments with Fitbits
  • Cashless may be a bit overblown
  • Turning bearish on branch networks
  • Bank's alleged hacker now faces 20 years
  • Do ATMs need biometrics?
  • Spam, Scams & Breaches
  • Updates, Patches & Alerts
  • and on the lighter side...

Users clueless about cybersecurity risks
Organizations are facing yet another unprecedented threat to their cybersecurity now that employees are headed back into offices with their personal devices, lax security hygiene and no clue about some of the most catastrophic attacks in history, such as the Colonial Pipeline shutdown. Threatpost has the details.

Banking service for migrants expands to the US
MAJORITY was founded in 2019 as the first mobile banking service for migrants and initially started operations in Texas and Florida, focused on the Nigerian and Cuban communities. Now, service is available for residents in all 50 US states. The Fintech Times has the details.

Protecting against check fraud attacks
Mitek introduced Check Fraud Defender, an artificial intelligence-powered, cloud-hosted consortium for financial institutions to counteract check fraud. An important addition to a financial institution’s fraud-fighting protocols, Check Fraud Defender helps protect against the growing sophistication of check fraud attacks. Help Net Security has the details.

Bank allows children to access app
Starling, a digital bank, is supercharging its Kite debit card for children by giving users aged 6 to 16 access to the Starling app. Once permission is granted by a parent or guardian, children can check their balance, see transactions and receive real-time spending notifications on a smartphone or tablet. The Fintech Times has the details.

Making payments with Fitbits
After becoming the first bank in the country to offer contactless payments using the Fitbit Pay service, now it is upgrading the offer by also providing customers with the convenience to use for that purpose their Mastercard cards issued by Fibank. has the details.

Cashless may be a bit overblown
If you look up "cashless" on Google, you will inevitably find article after article both praising it and proclaiming it as the future. They are essentially saying "cash is old news." But…that isn't entirely true. ATM Marketplace has the details.

Turning bearish on branch networks
With Covid-19 leading to an uptick in digital banking, nearly two thirds of industry executives from around the world think that the branch-based model will be dead within five years, according to an Economist Intelligence Unit survey. Bank Automation News has the details.

Capital One's alleged hacker now faces 20 years
Paige Thompson, a former Amazon engineer, now faces six counts of computer fraud and abuse, one count of access device fraud and one count of aggravated identity theft in addition to the original two charges. She could serve up to 20 years in prison. CNN has the details.

Do ATMs need biometrics?
One question that often emerges in the world of ATMs is: do we need additional ways to authenticate customers? One common suggestion is biometrics: in the form of fingerprints, facial recognition or other venues. ATM Marketplace 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...

They may not have taken over the world (yet), but this seven minute reel from one robotics company is amazing. Robots in motion.

First published on 07/02/2021

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