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Central Bankers Are Expressing Concern About The Financial System's Preparedness For A Cyber Attack
Tuesday, December 3, 2019 - 1:11pm | 777Technology executives are worried about cybersecurity, as are bank executives. Now, central banks are expressing concern as well. Multiple reports over the past few weeks suggest that the central bankers are beginning to step into the fray on the issue, and are considering ways that the...
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Governments And Banks Are Trying To Reduce Their Reliance On Big Tech
Thursday, November 14, 2019 - 2:16pm | 728The rise of Big Tech has a lot of people concerned. But while the spread of misinformation and election interference has garnered most of the headlines, the real concern shared by governments and business leaders around the world is where our data is being stored. German Chancellor Angela Merkel...
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Community Bank Executives Are Very Concerned About Cybersecurity
Friday, October 25, 2019 - 11:26am | 428Security breaches at big financial institutions may dominate the headlines, but a new survey from the Conference of State Bank Supervisors found that executives at local community banks are just as concerned about the risks cybersecurity poses to their business. The survey of 571 community banks in...
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More Banks Are Teaming Up To Test Blockchain Solutions
Wednesday, October 23, 2019 - 1:55pm | 1137Blockchain technology may well be the most transformative technology in a generation. And as the potential use cases have become mapped out, financial firms around the world have spent the past few years investigating how the technology can disrupt banking. Banks playing around with...
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Wall Street May Be Off The Hook, But WeWork's Members Are Still At Risk
Wednesday, October 2, 2019 - 3:02pm | 865When The We Company, aka WeWork, filed its S-1 with the SEC on August 14, much of the ridicule it received was reserved for its questionable financials and borderline cultish tone. And sure, there was a lot not to like in the prospectus. Like the fact that the company lost $900 million in the first...
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The Lesson From The Capital One Data Breach: The Cloud Is Vulnerable, And We Shouldn't Forget It
Friday, August 9, 2019 - 12:49pm | 812The data breach that Capital One Financial (NYSE: COF) disclosed on July 29 was undoubtedly surprising. And yet, it was also entirely predictable. In terms of sheer scope—approximately 106 million impacted accounts over the course of 14 years—this is one of the largest data breaches in...
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FaceApp Is A Reminder That Our Data Is More Vulnerable Than We Realize
Friday, July 19, 2019 - 11:48am | 597Another viral trend, another round of questions about information security. FaceApp, the app that shows users aged pictures of themselves using artificial intelligence, has more than 80 million users all over the world and is currently the number one free app in both Apple Inc’s (NASDAQ: AAPL...