Tech Talk: Identity verification, suspicious accounts, mobile app security, and more!

• It's Risky to Neglect Mobile App Security
• Fix broken FinTech partnership models
• A 'Mule Score' to identify suspicious accounts
• Digital-only FIs winning the savings deposit war
• How community banks can compete in a digital world
• Identity verification across apps and services
• ChatGPT use cases in the future banking
• FIs can take better advantage of data
• AI-powered multilayered phishing protection
• Spam, Scams & Breaches
• Updates, Patches & Alerts
• and on the lighter side...

It's Risky to Neglect Mobile App Security
Take a deep look at some of the reasons why development teams fail to prioritize security, the impact of doing so, and how to get started with protecting your mobile app. Information Week has the details.

Fix broken FinTech partnership models
Partnerships with FinTech firms are increasingly important to banks’ efforts to drive growth through innovation and stay relevant in a rapidly evolving marketplace. The problem is banks often are not very good at capturing value from those relationships. Banking Dive has the details.

A 'Mule Score' to identify suspicious accounts
Experian is rolling out a new service designed to help banks and building societies identify and close ‘money mule’ accounts which are used to house fraudulently obtained funds. Finextra has the details.

Digital-only FIs winning the savings deposit war
As some of Apple’s first set of savings account users are learning, early adopters get the cachet of signing up early — along with the brunt of a new products’ wrinkles as it scales to market. PYMNTS.com has the details.

How community banks can compete in a digital world
At the FinovateSpring 2023 conference in San Francisco, FinTech Futures caught up with Charles Potts, EVP and CIO at Independent Community Bankers of America (ICBA), to discuss how community banks and credit unions in the US can adapt and compete amid the rapid rate of digitalisation. FinTech Futures has the details.

Identity verification across apps and services
The open banking platform has modified its Identity Verification product so that previously verified users can sign up for additional digital finance apps without repeating the entire identity verification process. PYMNTS.com has the details.

ChatGPT use cases in the future banking
The impact of AI on customer experience (CX) in the banking industry is significant. AI technology has the potential to revolutionize the way banks interact with their customers, providing more personalized, efficient, and secure services. Finextra has the details.

FIs can take better advantage of data
FinTech Futures caught up with Chris Cox, Chief Operating Officer at Apiture, to discuss how community banks and credit unions in particular can make better use of their data to level the playing field with larger financial institutions. FinTech Futures has the details.

AI-powered multilayered phishing protection
Guardz has unveiled a new AI-powered Multilayered Phishing Protection solution to help small and medium-sized enterprises (SMEs) and managed service providers (MSPs) prevent phishing attacks before their security is compromised. The solution uses AI to provide small businesses and the MSPs that support them with automatic detection and remediation capabilities to protect against phishing attacks – the number one threat they face. Help Net Security has the details.

Spams, Scams, and Breaches

• Banking Dive: Banks too slow to address P2P payment scams, CFPB’s Chopra says
• TechCrunch: Ransomware gang lists first victims of MOVEit mass-hacks, including US banks and universities
• Dark Reading: Why Critical Infrastructure Remains a Ransomware Target
• SecurityWeek: Data of 8.8 Million Zacks Users Emerges Online
• CNN Business: Clop: Russian-speaking cyber gang claims credit for hack of BBC and British Airways employee data
• Dark Reading: Sophisticated 'Impulse Project' Crypto Scam Sprawls With 1,000 Affiliate Sites
• SecurityWeek: Intellihartx Informs 490k Patients of GoAnywhere-Related Data Breach
• PYMNTS.com: FTC: Bank Impersonation Text Message Scams 20X More Common Since 2019
• SecurityWeek: SaaS Ransomware Attack Hit Sharepoint Online Without Using a Compromised Endpoint

Updates, Patches, and Alerts...

• US-CERT: Current Activity
• SecurityWeek: SAP Patches High-Severity Vulnerabilities With June 2023 Security Updates
• Dark Reading: Microsoft Fixes 69 Bugs, but None Are Zero-Days
• SecurityWeek: Chrome 114 Update Patches Critical Vulnerability
• Dark Reading: Fortinet: Patched Critical Flaw May Have Been Exploited
• SecurityWeek: Hundreds of Thousands of eCommerce Sites Impacted by Critical Plugin Vulnerability
• Dark Reading: Russian APT 'Cadet Blizzard' Behind Ukraine Wiper Attacks
• Help Net Security: VMware fixes critical flaws in Aria Operations for Networks (CVE-2023-20887)
• TechCrunch: Mandiant says China-backed hackers exploited Barracuda zero-day to spy on governments
• Dark Reading: Coalition Releases Security Vulnerability Exploit Scoring System
• Naked Security: MOVEit mayhem 3: “Disable HTTP and HTTPS traffic immediately”
• SecurityWeek: New MOVEit Vulnerabilities Found as More Zero-Day Attack Victims Come Forward
• Dark Reading: Cl0p Claims the MOVEit Attack; Here's How the Gang Did It
• SecurityWeek: Cisco Patches Critical Vulnerability in Enterprise Collaboration Solutions
• CISA: VMware Releases Security Update for Aria Operations for Networks
• SecurityWeek: Fortinet Patches Critical FortiGate SSL VPN Vulnerability

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...

From the digitally projected 'eyes' on the front of the device to the apparently loneliness of using it to watch movies or attend conference calls, Vision Pro seems to be impressing people and giving them the 'ick' in equal measure.