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Israel Approves New Digital Bank

PYMNTS

The digital bank is led by entrepreneurs Marius Nacht of cyber security company Check Point Software Technologies , and Amnon Shashua of autonomous driving developer Mobileye NV. The Bank of Israel is green lighting a new digital bank — the country’s first new financial institution in decades.

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Two Cyber Security Investments With a Silver Lining

Banking 2020

Financial institutions have the opportunity to make security investments that also increase their ROI. Here are two such security investments: Keystroke Encryption Software. Keylogging spyware can be embedded in emails, videos and music files, software downloads and even legitimate websites.

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Android Malware Used To Hack Russian Customers Was Slated For Global Attacks

PYMNTS

According to reports in Reuters, the hackers had leveled up their malware software and were looking to go after French banks’ clients, among others. Targeted specifically were customers of state lender Sberbank, customers of Alfa Bank and customers of online payments company Qiwi.

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SMBs Severely Underestimate Data Breach Costs

PYMNTS

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. Stronger passwords. Paying closer attention to suspicious emails. Using public wi-fi with caution and safeguarding mobile apps. ” The U.S. . ” The U.S.

Data 202
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Hacker Tracker: Breach Hits Canadian Agency, Cyber Ransoms Surge

PYMNTS

The hack was reportedly made possible by a newly disclosed bug in the software. Bugs in software are inevitable; however, how organizations protect themselves from these bugs is within their control,” Douthwaite said. Cyber Ransoms (Still) On The Rise. Or, at least, this was the first known hack. It gets worse.

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Ensuring a Complete Cyber Risk Platform Partnering with Third-Party Security Vendors

FICO

That is where online vendor risk assessment platforms can meet this demand by providing a single, and easily accessible, source of trust for both buyers and sellers. For buyers needing to assess vendors, online systems allow the flexibility to utilize industry standard security questionnaires, or even create their own customized versions.

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LendingClub reinforces its cyber defenses

American Banker

The online lender has deployed new software designed to spot security risks early, especially the kind of cloud-data issues that led to the Capital One-Amazon breach.