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Treasury report examines gaps in banks' AI risk management

American Banker

The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.

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Four Steps for Managing Third-Party Cyber Security Risk

FICO

As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it. The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management. Infrastructure.

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Bitcoin Daily: Australia’s RMIT To Offer Grad Certificates In Blockchain Business, Cybersecurity

PYMNTS

The Graduate Certificate in Blockchain-Enabled Business and the Graduate Certificate in Cyber Security will provide students with the skills that they need in emerging areas of expertise, per the report. And the cybersecurity space has the possibility to nearly triple in size by 2026, as cited by the report.

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4 considerations for banking leaders concerned about cyber security

NCR

The overall risk management framework of any institution, including banks, should include cybersecurity considerations. He or she is the bank officer responsible for administering and ensuring the effectiveness of the information security program for the bank. Evaluation of Risk.

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Reduce your accounting firm’s cyber risks with these 8 actions

Abrigo

Demand for effective cyber risk management is so strong that the AICPA is developing common criteria for CPAs to use as they help clients evaluate their programs and efforts. A central method for creating a strong cyber security culture is generating awareness. Ensure leadership buy-in. Make the topic ubiquitous.

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BIS To Open Four New Innovation Hubs Over Next Two Years

PYMNTS

The Innovation Hub was launched in 2019 as a way for central banks to collaborate on various innovative solutions to problems, PYMNTS reported. BIS General Manager Agustín Carstens called the move “an investment in the future of central banking and the financial system.”.

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Louisiana School Cyberattacks Trigger State Of Emergency

PYMNTS

The district staff reported this electronic viral attack to local law enforcement, state officials and the FBI. “The Sabine Parish School System was hit with an electronic virus early Sunday morning,” reads a statement on the school district’s website, according to CNBC. Numerous cities and states have been hit with cyberattacks.

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