Tech Talk: Regulating crypto, trusting banks, measuring returns, and more!
- Fed: Regulate crypto before DeFi, banking meld
- Open banking is key to combating fraud
- Most consumers trust banks for super apps
- A first-class omnichannel banking experience
- 3 reasons a digital dollar is a long way off
- How can banks can measure return on experience?
- How does identity crime affect victims?
- Future proof your ATM portfolio
- With blockchain, BaaS offerscCapitalaAccess on-ramp
- Spam, Scams & Breaches
- Updates, Patches & Alerts
- and on the lighter side...
Fed: Regulate crypto before DeFi, banking meld
Federal Reserve Chair Jerome Powell thinks the crypto industry could cause broader financial turmoil in the future than it has so far, so there’s a need for better regulation, Bloomberg wrote. He said there was a need for more appropriate regulation so that, as DeFi grows, there will be rules in place. PYMNTS.com has the details.
Open banking is key to combating fraud
The significant advancements in technology used to fight against fraudsters and their attempts to commit financial crime are being embraced by many industries. AI tools such as open banking are making a real difference in the referencing process. Finextra has the details.
Most consumers trust banks for super apps
The super app shift favors the banks, with decades of experience and long-lived relationships with customers. The super app shift favors the FinTechs, with the ability to innovate in a world that is constantly, and increasingly, going digital. The deciding factor, of course, lies with the consumer. And at least for now, the advantages lie with traditional providers, namely, the banks. PYMNTS.com has the details.
A first-class omnichannel banking experience
Omnichannel has been a buzz word for many years now, as businesses across multiple verticals have attempted to create impactful experiences via multiple digital and physical channels. Banks have struggled to create this seamless experience. ATM Marketplace has the details.
3 reasons a digital dollar is a long way off
It’s a sign of a growing recognition that the Federal Reserve was right in its earliest assessments of the difficulties of designing and building a central bank digital currency (CBDC) that go far beyond whether it will run on a digital ledger like those that blockchains, cryptocurrencies and especially stablecoins are built or some other technology. PYMNTS.com has the details.
How can banks measure return on experience?
Everyone is familiar with return-on-investment, but at times that may not be the best or only thing a bank or company should measure. A panel at the Bank Customer Experience Summit discussed how banks can measure return on experience. ATM Marketplace has the details.
How does identity crime affect victims?
The Identity Theft Resource Center (ITRC) has published research that shows nearly 40 percent of ITRC victims say their personal information was stolen, compromised or misused in the past year. Help Net Security has the details.
Future proof your ATM portfolio
Selling merchant services allows your business to continue providing much-needed ATM and cash services for future generations while also following the growing revenue opportunities. ATM Marketplace has the details.
With blockchain, BaaS offers capital access on-ramp
Banking-as-a-service is becoming commoditized, where scores of FinTech players (and banks) around the globe have scrambled, en masse, to issue debit cards in digital wrappers or bring basic checking services to consumers. PYMNTS.com has the details.
Spams, Scams, and Breaches
- SecurityWeek.Com: High-Profile Hacks Show Effectiveness of MFA Fatigue Attacks
- Dark Reading: Capital One Phish Showcases Growing Bank-Brand Targeting Trend
- SecurityWeek.Com: Fast Company Hack Impacts Website, Apple News Account
- Dark Reading: Fake Sites Siphon Millions of Dollars in 3-Year Scam
- SecurityWeek.Com: Defense Giant Elbit Confirms Data Breach After Ransomware Gang Claims Hack
- TechCrunch: US arm of Israeli defense giant Elbit Systems says it was hacked
- SecurityWeek.Com: Hacktivist Attacks Show Ease of Hacking Industrial Control Systems
- TechCrunch: TikTok faces $29M fine in UK for ‘failing to protect children’s privacy’
- SecurityWeek.Com: Breached American Airlines Email Accounts Abused for Phishing
- Dark Reading: Samsung Fails Consumers in Preventable Back-to-Back Data Breaches, According to Federal Lawsuit
- SecurityWeek.Com: Australia Mulls Tougher Cybersecurity Laws After Data Breach
Updates, Patches, and Alerts...
- US-CERT: Current Activity
- SecurityWeek.Com: CISA Warns of Zoho ManageEngine RCE Vulnerability Exploitation
- Help Net Security: Multi-platform Chaos malware threatens to live up to its name
- SecurityWeek.Com: Details Disclosed After Schneider Electric Patches Critical Flaw Allowing PLC Hacking
- Dark Reading: Aunalytics Launches Security Patching Platform as a Service
- SecurityWeek.Com: Chrome 106 Patches High-Severity Vulnerabilities
- SecurityWeek.Com: BIND Updates Patch High-Severity Vulnerabilities
- Dark Reading: Chaos Malware Resurfaces With All-New DDoS & Cryptomining Modules
- SecurityWeek.Com: Drupal Updates Patch Vulnerability in Twig Template Engine
- Help Net Security: MS SQL servers are getting hacked to deliver ransomware to orgs
- SecurityWeek.Com: New Firmware Vulnerabilities Affecting Millions of Devices Allow Persistent Access
- SecurityWeek.Com: Microsoft Issues Out-of-Band Patch for Flaw Allowing Lateral Movement, Ransomware Attacks
- Dark Reading: CISA: Zoho ManageEngine RCE Bug Is Under Active Exploit
- SecurityWeek.Com: Sophos Firewall Zero-Day Exploited in Attacks on South Asian Organizations
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...
Last week, we showed off some amazing robot dancing. However, there are also some spectacular robot fails!