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The cyber security threat landscape in financial services

Insights on Business

Gary Meshell, WW Leader Financial Services, IBM Security, opened his IBM Think 2019 talk, How Financial Services Companies Should Respond to Cyber Security Attacks with a bold assertion and truism. IBM and TD Bank jointly developed cyber security incident response solution for the financial services industry.

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Social Media Can Make Bank Customers Susceptible To Scams

PYMNTS

Unintentionally making themselves targets for scammers, customers may become vulnerable to fraud by complaining to banks on social media when systems crash. Though a person close to the bank’s investigations into the frauds said it’s hard to tell how criminals find account information, social media activity can present a problem.

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Top 5 Analytics Posts: Explainable AI and Machine Learning

FICO

“They’re focused on using many types of alternative data, such as information gleaned from social media, to deduce credit risk. These were: Security/IoT: Is your video cam no longer your friend? “ Enterprises: Lax cyber security? Read the full post. The Future of Analytics: The Revolution Will Be Unstructured.

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Banks battling a barrage of cyber attacks

NCR

Banks are under cyber attack every day and although this sector has made great strides, their ability to detect a breach and take immediate action is still a work in progress. The Aite Group projects that card-not-present fraud alone is estimated to jump to $7.2.billion billion by 2020.

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Frictionless Payments Take Center Stage at Money 20/20

Gonzobanker

Every discussion and presentation focused on the challenges and innovations financial institutions are tasked with to create “frictionless” experiences. My colleague Ryan Rackley summed it up perfectly when he referred to social media as the “new tattoo.”. Megatrend #2 – Secure and Compliant is a Non-Negotiable.

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BA To Reveal Fine Print On GDPR Fines?

PYMNTS

That 4 percent benchmark would, of course, be a headline-making fine, a test case of sorts, where GDPR has been in effect since May 25 of this year and has yet to show any real traction in making an example of firms that do not adhere to rules governing data privacy and security. According to Bank Info Security , quoting U.K.-based

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Biometrics in the Future of Customer Identity Management

FICO

Until recently, most consumer-facing organizations have relied on username and passwords to secure accounts. Plus, consumers don’t like passwords as a security measure. Our recent survey found that only 40 percent of people are prepared to use username and passwords for security, while password management causes people real problems.