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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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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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BA To Reveal Fine Print On GDPR Fines?

PYMNTS

12 by James Dipple-Johnstone to the CBI Cyber Security: Business Insight Conference, the Information Commissioner’s (ICO’s) office has been getting about 500 calls weekly to the breach reporting line since May 25, and amid that deluge, many organizations ultimately decided that the breach does not meet reporting thresholds.

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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. Enterprises: Lax cyber security? I predict that we will see big advances in how enterprise security scoring is adopted as an important risk assessment tool. Read the full post.

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How Younger Generations Have Changed Financial Marketing

Social Assurance

77% of Gen Z browse social media to look for ideas on what products to purchase.” Virtually everyone in this generation uses social media at least once a week. This requires financial marketers to take a content-based, visual approach to their social media marketing efforts.

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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. There are so many different types of cyber attacks and they are dynamically changing every day. billion by 2020.

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Biometrics in the Future of Customer Identity Management

FICO

And looking at biometrics for online leisure purposes, only 5 percent would give a biometric to an online gaming company and only 8 percent would use biometrics with a social media provider. It is key that the assessment of an organization’s cyber security posture is empirical, i.e., based on actual data rather than opinion.