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Steps CIOs should take to protect customer data in Nigeria’s open banking systems

CIO

Due to Nigeria’s fintech boom borne out of its open banking framework, the Central Bank of Nigeria (CBN) has published a much-awaited regulation draft to govern open banking procedures. And at its core is the need to secure customer data through a robust set of requirements. Securing customer data. “One

Banking 299
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What are the main challenges CISOs are facing in the Middle East?

CIO

From a cybersecurity perspective, how has been 2023? Very eventful year as far as cybersecurity is concerned. The year has been marked by a general increase in state-sponsored attacks due to geopolitical conflicts. Ransomware attacks have also increased in 2023 probably due to their perceived profitability.

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Cybersecurity Snapshot: U.S. Gov’t Unpacks AI Threat to Banks, as NCSC Urges OT Teams to Protect Cloud SCADA Systems

Tenable

Check out new guidance for banks on combating AI-boosted fraud. Plus, how to cut cyber risk when migrating SCADA systems to the cloud. Treasury Department has issued a report aimed at helping banks and other financial institutions address this emerging AI threat. Meanwhile, why CISA is fed up with SQLi flaws. And much more!

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It’s time to go paperless: are bank branches ready?

CIO

When the chief banking officer of a $10.3B community bank visited a competing super-regional branch in her suburban New Jersey neighborhood, she noticed something troubling. Set amid an open floor plan, the stacks of files left sensitive customer information—business and personal, loans and deposits—available for all to see 1.

Banking 260
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4 hidden risks of your enterprise cloud strategy

CIO

And those massive platforms sharply limit how far they will allow one enterprise’s IT due diligence to go. When performing whatever minimal due diligence the cloud platform permits — SOC reports, GDPR compliance, PCI ROC, etc. it’s critical to remember that it is only a snapshot at that moment of evaluation. Probably not.

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Cybersecurity Snapshot: How To Boost the Cybersecurity of AI Systems While Minimizing Risks

Tenable

Check out expert recommendations for deploying AI tools securely. 1 - How to ensure AI helps, not hurts, cybersecurity How can organizations use artificial intelligence (AI) in a way that’s safe and that benefits cybersecurity? In addition, cyber insurance demand is forecast to grow robustly. And much more!

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Alleged security breach leaves millions of dollars missing from Flutterwave accounts

TechCrunch

According to the documents seen by the publication and reviewed by TechCrunch, unknown actors transferred the funds across 28 accounts in 63 transactions in early February. This directive restricts bank customers from withdrawing funds from their accounts. These are in line with global best practices in information security management.