Tech Talk: ATM Security, BaaS, open banking, and more!

• Americans trust FIs to protect data
• Human oversight, GenAI, and instant payments
• ATM Security: Global best practices
• FinCEN: Check fraud approached $700 million
• Delivering financial education successfully
• Using BaaS to manage financial crime risks
• The rise of open banking
• Anti-fraud tools for banks
• Modernize or fall behind
• Spam, Scams & Breaches
• Updates, Patches & Alerts
• and on the lighter side...

Americans trust FIs to protect data
For open banking to revolutionize real-time payments, it must address ongoing concerns about data security and privacy. By addressing industry concerns and creating a secure environment for data sharing, open banking can achieve its full potential. PYMNTS.com has the details.

Human oversight, GenAI, and instant payments
Research reveals that AI is already having an impact on headcount, with 38 per cent of banks believing AI can already reduce the number of business analysts needed for these projects. Despite this, banks still believe human oversight remains essential. They believe in a balanced approach to human and AI collaboration. The Fintech Times has the details.

ATM Security: Global best practices
As banks grapple with increasingly complex and fast-evolving threats, securing the self-service channel is more critical than ever. In this webinar, security experts reflect on the current ATM attack landscape, its evolution and trends and best practices in ATM security. ATM Marketplace has the details.

FinCEN: Check fraud approached $700 million
Earlier this week, FinCEN reported that mail theft-related check fraud amounted to more than $688 million in a recent six-month period. The bulk of the reports were filed by banks, to the tune of 88% of all reports by filing. Online account opening is largely to blame. PYMNTS.com has the details.

Delivering financial education successfully
When asked what financial education is today, Namrata Yadav, academy executive for community advancement at Bank of America, said it's about "everything around financial resiliency. It's about cyber awareness, fraud, how to save, pay off credit cards and more." ATM Marketplace has the details.

Using BaaS to manage financial crime risks
The focus is now back on BaaS as an asset for banks and FinTechs, offering technological infrastructure that fuels growth in an increasingly digital economy. However, it’s crucial to recognize the risks involved in these partnerships. PYMNTS.com has the details.

The rise of open banking
The financial services sector is experiencing a seismic shift with the advent of open banking, a new regulatory and technological framework that is redefining how consumers interact with financial institutions. By fostering collaboration between banks, fintech companies, and third-party service providers, open banking is ushering in an era of transparency, innovation, and enhanced customer experiences. Finextra has the details.

Anti-fraud tools for banks
Galileo has introduced a pair of anti-fraud tools for banks, FinTechs and businesses. The new tools are designed to offer real-time fraud detection and risk management services amid a surge in digital transactions and evolving cyber threats. PYMNTS.com has the details.

Modernize or fall behind
Financial institutions need to understand what technology upgrades are needed to ensure they continue operating smoothly and take a hard look at legacy systems that require significant effort and changes to keep up. ATM Marketplace has the details.

Spams, Scams, and Breaches

• Help Net Security: Losses due to cryptocurrency and BEC scams are soaring
• PYMNTS.com: Revolut Sees Jump in Scam Complaints as APP Fraud Grows
• SecurityWeek: Data Breach at Golf Course Management Firm KemperSports Impacts 62,000
• Help Net Security: How human-led threat hunting complements automation in detecting cyber threats
• Dark Reading: 300K Victims Compromised in Avis Car Rental Breach
• SecurityWeek: Slim CD Data Breach Impacts 1.7 Million Individuals
• Finextra: Lloyds sets up anti-scam working group to tackle fake websites
• SecurityWeek: Wisconsin Insurer Discloses Data Breach Impacting 950,000 Individuals
• Help Net Security: The true cost of cybercrime for your business

Updates, Patches, and Alerts...

• US-CERT: Current Activity
• SecurityWeek: New Chrome Features Protect Users Against Threats, Provide More Control Over Personal Data
• Dark Reading: Gallup Addresses XSS Bugs in Website
• SecurityWeek: Cisco Patches High-Severity Vulnerabilities in Network Operating System
• PCWorld: Microsoft fixes five zero-day vulnerabilities and dozens of other flaws
• SecurityWeek: Intel Warns of 20+ Vulnerabilities, Advises Firmware Updates
• SecurityWeek: Ivanti Patches Critical Vulnerabilities in Endpoint Manager
• Krebs on Security: Bug Left Some Windows PCs Dangerously Unpatched
• SecurityWeek: Chrome 128 Update Resolves High-Severity Vulnerabilities
• SecurityWeek: ICS Patch Tuesday: Advisories Published by Siemens, Schneider, ABB, CISA
• Help Net Security: Microsoft fixes 4 exploited zero-days and a code defect that nixed earlier security fixes
• SecurityWeek: Microsoft Says Windows Update Zero-Day Being Exploited to Undo Security Fixes
• SecurityWeek: Adobe Patches Critical, Code Execution Flaws in Multiple Products
• SecurityWeek: SAP Releases 16 New Security Notes on September 2024 Patch Day
• Help Net Security: Zyxel fixes critical command injection flaw in EOL NAS devices (CVE-2024-6342)
• SecurityWeek: Recent SonicWall Firewall Vulnerability Potentially Exploited in the Wild
• Help Net Security: Apache OFBiz team patches critical RCE vulnerability (CVE-2024-45195)
• SecurityWeek: Veeam Patches Critical Vulnerabilities in Enterprise Products

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, Tim Cook stood in front of a rainbow and introduced new products. Three years ago was a different story.