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Can AI assist in vendor management challenges?

Independent Banker

As community banks grow, their vendor partnerships usually also do, which can lead to challenges with organization, data security and more. And yet, some industry experts have observed that AI is not yet being used to its full advantage in vendor management—one of the thornier problems that community banks are wrestling with today.

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ZeroFOX Notches $74M To Tackle Cyberattacks

PYMNTS

Existing investors NEA, Highland Capital Partners, Redline Capital Management, Hercules Capital and Core Capital also participated in the funding round. With the new funding, the Baltimore, Maryland startup has raised over $150 million. . ZeroFOX was created at the startup incubator Betamore in Baltimore’s Federal Hill neighborhood.

Baltimore 130
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Deep Dive: Digital ID Developments From Around The World

PYMNTS

Even though biometrics offer notable security advantages, they do come with risks. The following Deep Dive examines the potential use cases for biometrics in national identification systems and the security pitfalls they could encounter. . Colorado, Idaho, Maryland, Wyoming and Washington, D.C., A reported 3.6

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 Ransomware Gains Traction, UK BEC Fraud Spikes

PYMNTS

In comments reported earlier this week, cyber insurance security responder Tom Bennett of CFC Underwriting told The Financial Times that that claims surged in June and July. The threat actors realized they can amplify their impact by targeting specific companies such as managed service providers,” said Bennett.

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Who Should Lead The Digital ID Push?

PYMNTS

Despite all the discussion about verifying digital IDs without creating friction for the user, recent incidents like cybercriminals using AI to impersonate an energy company’s CEO to falsely request money could give security professionals nightmares. There’s no question the world is moving in a digital direction. Department of Commerce.

Wyoming 136
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The community bank’s complete guide to building trust

Independent Banker

Building trust in your institution has a lot to do with technology, from implementing strong data security practices to humanizing your online customer interactions. manages the community bank’s presence across platforms like Facebook, Instagram, LinkedIn and Twitter. Security information and event management (SIEM).

Community 139
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Super apps: The rise of an all-in-one platform

Independent Banker

But with these benefits come newfound threats, chiefly in the form of data privacy and security. For starters, they will need to institute a strategy for managing the emergence of super apps. Super apps create an environment for community banks to emphasize where they excel: in safety, security and banking relationships.