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US banks Q3 results shine light on financial services innovation

Info Source

percent year on year, from $499 billion in 2017 according to Gartner. For example, ChatBot technology is becoming particularly popular in banking for customer service, by cutting down handling times and accelerating payments processing, enabling better customer interaction by eliminating errors and increasing efficiency.

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TA505 Group adds new ServHelper Backdoor and FlawedGrace RAT to its arsenal

Security Affairs

FlawedGrace is a full-featured RAT that we first observed in November 2017.” ” The TA505 group was first spotted by Proofpoint back 2017, it has been active at least since 2015 and targets organizations in financial and retail industries. ” reads the analysis published by Proofpoint.

IT 96
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Oracle critical patch advisory addresses 284 flaws, 33 critical

Security Affairs

The bug affected the OCA’s Diameter Signalling Router component and its Communications Services Gatekeeper. The flaw also affected the Financial Services Analytical Applications Infrastructure, the Fusion Middleware MapViewer, and four three Oracle Retail components.

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4 Industries That Have to Fight the Hardest Against Cyberattacks

Security Affairs

Data from 2017 found only 27 percent of nonprofits broke even that year. So, if nonprofit leaders want to devote more money to cybersecurity, they may feel too financially strapped to make meaningful progress. Despite those risks, retailers make blunders when budgeting for cybersecurity. happened at retail establishments.

Retail 92
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NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’

The Last Watchdog

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Risk 147
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Hackers stole $60 Million worth of cryptocurrencies from Japanese Zaif exchange

Security Affairs

“Documents seen by Reuters on Thursday showed Japan’s Financial Services Agency would conduct emergency checks on cryptocurrency exchange operators’ management of customer assets, following the theft. The Tech Bureau took offline the exchange and sold to Fisco Ltd the majority ownership for a 5 billion yen ($44.59

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Alleged SIM Swapper Arrested in California

Krebs on Security

His alleged re-use of the same mobile device for multiple SIM hijacks ultimately gave him away: “On 7/18/18, investigators received information from an AT&T investigator regarding unauthorized SIM swaps conducted through an AT&T authorized retailer. Tarazi analyzed the AT&T location data pertaining to that account takeover.