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The generative AI revolution is transforming how banks work

CIO

The generative AI revolution has the power to transform how banks operate. Banks are increasingly turning to AI to assist with a wide range of tasks, from customer onboarding to fraud detection and risk regulation. So, as they leap into AI, banks must first ensure that their data is AI-ready. Generative AI, Innovation

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Daily Crunch: Silicon Valley Bank goes bust — regulators take control of $175B+ in deposits

TechCrunch

Hi, Crunchers, Today, there’s only one story on everyone’s lips: The sudden and dramatic collapse of Silicon Valley Bank (SVB), the 40-year-old Silicon Valley institution. With $209 billion of assets under management at the time of its failure, it’s the second-largest bank failure in U.S.

Banking 246
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The Proverbial “Water Cooler” Discussions 2024: Key Topics that Drive Enterprise Storage Conversations (Part One)

Infinidat

I invite you to join me around this virtual water cooler, read what is in this blog post, and then go to our social media channels and let me know what you think about the following topics of interest. Join the virtual water cooler talk. Malware and ransomware do not pound their chest like King Kong. Do you agree with me?

Storage 59
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South Korean and American Agencies Release Joint Advisory on North Korean Ransomware

Tenable

The threat actors use virtual private networks/servers and IP addresses in countries outside of North Korea to further obfuscate their identities. The actors have also used trojan versions of X-Popup, a messenger application used in several smaller hospitals in South Korea and have spread malware using 2 malicious domains, xpopup.pe[.]kr

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Cybersecurity Snapshot: Tips for cloud configs, MSP vetting, CISO board presentations

Tenable

The group’s modus operandi is to first gain initial access via virtual private network (VPN) servers. Restrict Server Message Block Protocol within the network because it’s used to propagate malware. 6 - And here’s the CIS top 10 malware list for September. ZeuS, a modular banking trojan that uses keystroke logging.

Cloud 52
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Digital Transformation Outpacing Financial Institution Security

Praxent

Can bank and credit unions overcome vulnerabilities to meet a new demand for digital banking. Traditional banking organizations today seek to leverage open core systems, fintech company partnerships and application programming interfaces to increase their digital visibility. Digital Transformation and the Pandemic.

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Cyber Hygiene Essentials: What You Need to Know

Tenable

The term "vulnerability" isn't synonymous with "malware" or "virus”: It simply means any weakness within your network that can be exploited. Malware and other cyberthreats often enter networks because of vulnerabilities; they are not vulnerabilities in and of themselves.)