Tech Talk: Bitcoin ATMs, generative AI, embedded banking, and more!

• The third-party cybersecurity problem
• Bitcoin ATMs help the underbanked
• FinTechs teach financial literacy
• Detecting malware-free cyberattacks
• CFPB monitoring banks’ generative AI
• Phishing-resistant MFA
• Demystifying embedded banking
• Modernizing legacy banking platforms
• Experts on preventing bank data breaches
• Spam, Scams & Breaches
• Updates, Patches & Alerts
• and on the lighter side...

The third-party cybersecurity problem
The growing complexity of third-party networks has made gaining visibility into impact caused by vulnerabilities especially challenging, particularly for larger organizations. Finextra has the details.

Bitcoin ATMs help the underbanked
One topic that comes up at times with cryptocurrency is whether it will see widespread adoption among the underbanked. Since usually it requires some form of digital payment to purchase bitcoin, this could hold back the market for unbanked. ATM Marketplace has the details.

FinTechs teach financial literacy
The large pool of credit marginalized consumers, who may also fall under the broader category of underbanked, may benefit from assistance when it comes to credit products. PYMNTS.com has the details.

Detecting malware-free cyberattacks
With little more than smart reconnaissance and existing tools, adversaries are increasingly capable of compromising an enterprise network without making any noise or leaving a trace behind. Dark Reading has the details.

CFPB monitoring banks’ generative AI
The Consumer Financial Protection Bureau is closely monitoring how generative artificial intelligence and ChatGPT-like technologies, when used by banks, could undermine or create risks in customer care. Banking Dive has the details.

Phishing-resistant MFA
Over the last two years, respondents reported a continued reliance on the least secure forms of authentication, including traditional usernames and passwords and one-time passwords (OTPs). Help Net Security has the details.

Demystifying embedded banking
In this podcast, Dave and Dharm’s guest is Paul Staples, an expert on embedded finance and, until recently, head of embedded banking services for HSBC. Fintech Futures has the details.

Modernizing legacy banking platforms
Modernizing legacy applications is part of a broader digital transformation initiative for banks and can provide greater efficiency and flexibility. Finextra has the details.

Experts on preventing bank data breaches
Data breaches are a massive issue for banks. How can they prevent them? One solution is maintaining better identity security. ATM Marketplace has the details.

Spams, Scams, and Breaches

• SecurityWeek: Using Threat Intelligence to Get Smarter About Ransomware
• TechCrunch: Millions of patients’ data confirmed stolen after Fortra mass-hack
• SecurityWeek: Ransomware Attack Affects Dallas Police, Court Websites
• Dark Reading: Legitimate Software Abuse: A Disturbing Trend in Ransomware Attacks
• SecurityWeek: Leaked Files Show Extent of Ransomware Group's Access to Western Digital Systems
• PYMNTS.com: Microsoft Economist: AI Will Be Dangerous in the Wrong Hands
• SecurityWeek: RTM Locker Ransomware Variant Targeting ESXi Servers
• TechCrunch: Payment software giant AvidXchange suffers its second ransomware attack of 2023
• SecurityWeek: Companies Increasingly Hit With Data Breach Lawsuits: Law Firm
• CNET: T-Mobile Announces Another Data Breach
• SecurityWeek: New 'Lobshot' hVNC Malware Used by Russian Cybercriminals

Updates, Patches, and Alerts...

• US-CERT: Current Activity
• SecurityWeek: Cisco Warns of Critical Vulnerability in EoL Phone Adapters
• Dark Reading: Microsoft Patches Serious Azure Cloud Security Flaws
• SecurityWeek: iPhone Users Report Problems Installing Apple's First Rapid Security Response Update
• Help Net Security: Apple starts delivering smaller security updates
• SecurityWeek: CISA Warns of Attacks Exploiting Oracle WebLogic Vulnerability Patched in January
• Tech Republic: Infoblox discovers rare Decoy Dog C2 exploit
• Finextra: Weaknesses in bank mobile app security are exposing customers to fraud
• SecurityWeek: Chrome 113 Released With 15 Security Patches
• Help Net Security: Attackers are trying to exploit old DVR vulnerabilities (CVE-2018-9995, CVE-2016-20016)
• SecurityWeek: Netgear Vulnerabilities Lead to Credentials Leak, Privilege Escalation
• Dark Reading: DNA Sequencing Equipment Vulnerability Adds New Twist to Medical Device Cyber Threats
• CISA: CISA Adds Three Known Exploited Vulnerabilities to Catalog
• SecurityWeek: Microsoft: Cl0p Ransomware Exploited PaperCut Vulnerabilities Since April 13
• Dark Reading: High-Severity SLP Flaw Can Amplify DDoS Attacks up to 2,200 Times
• SecurityWeek: Critical Vulnerability in Zyxel Firewalls Leads to Command Execution
• TechCrunch: Apple releases first ‘rapid’ security fixes for iPhones, iPads and Macs
• SecurityWeek: Cisco Working on Patch for Vulnerability Reported by NATO Pentester

See what other current hot cyber and technology topics affecting financial institutions BOL users are discussing in the Technology Forum.

And on the lighter side...

The Three Stooges demonstrate how the banking system works.