Tech Talk: Open banking, generative AI, an anti-fraud network, and more!

• Pay-by-Bank: An opening for personalized payments
• Generative AI: A game changer for cloud security
• Square launches credit card, loan options, deposit access
• Confronting financial fraud with AI
• Anti-fraud network for banks
• An open approach to open banking
• IT strategy: Bank execs lack tech knowledge
• SmartMetric launches biometric security solution
• Commercial Lending Tech: What today’s banks need
• Spam, Scams & Breaches
• Updates, Patches & Alerts
• and on the lighter side...

Pay-by-Bank: An opening for personalized payments
Money movement is moving into the future across new payment rails. That’s why, if the transition from paper cash to electronic money ever feels to you as though it is happening exceedingly fast — it is. And if money movement today feels like it’s happening so fast that it might as well be real-time, you’d also be right — because it increasingly is. PYMNTS.com has the details.

Generative AI: A game changer for cloud security
Generative AI will be a game changer in cloud security, especially in common pain points like preventing threats, reducing toil from repetitive tasks, and bridging the cybersecurity talent gap. Tech Republic has the details.

Square launches credit card, new loan options, early deposit access
Square now offers its U.S. sellers a credit card, new loan options and early deposit access. These new tools are designed to meet sellers’ financing and cash flow needs and empower them to more efficiently manage their business finances. PYMNTS.com has the details.

Confronting financial fraud with AI
AI is being considered for fraud protection efforts in different ways by these organizations. Schmiedl said JPMorgan Chase has evolved from algorithms to machine learning and neural nets to look at fraudulent card activity, examining unstructured data, and entity extraction. Information Week has the details.

Anti-fraud network for banks
Plaid launched a network called Beacon, which aims to help banks and fintechs identify and combat instances of repeat fraud. The collaborative anti-fraud network is “designed to stop the chain reaction of fraud that occurs when identities are stolen and accounts are compromised. Banking Dive has the details.

An open approach to open banking
To grow open banking worldwide, governments and industries must have an open, collaborative attitude. The very nature of open banking requires industry collaboration. For the world to unlock the ultimate outcome for open banking – a connected and collaborative service designed to get the best deal for both the customer and bank – a global and open attitude is the key. FinTech Futures has the details.

IT strategy: Bank execs lack tech knowledge
Bank board members lack the knowledge and understanding needed to guide technology adoption as the financial sector spends billions on IT, according to a just-released report by Accenture. What can be done? CIO Dive has the details.

SmartMetric launches biometric security solution
The solution features biometric fingerprint recognition technology built into the card to recognize the cardholder and turn on the card’s EMV contact and contactless payment chip. PYMNTS.com has the details.

Commercial Lending Tech: What today’s banks need
In challenging times for banks and other commercial lenders, it’s more important than ever for fintech providers to understand how their clients’ requirements are evolving. Finextra has the details.

Spams, Scams, and Breaches

• Dark Reading: China's 'Volt Typhoon' APT Turns to Zoho ManageEngine for Fresh Cyberattacks
• SecurityWeek: Sensitive Information Stolen in LetMeSpy Stalkerware Hack
• Dark Reading: It's Open Season on Law Firms for Ransomware & Cyberattacks
• Dark Reading: Genworth Financial Reports Data Breach Leaking SSNs Belonging to 2.7M Policyholders and Customers
• CIO Dive: AI linked to new crop of business email scams
• Dark Reading: Trans-Rights Hacktivists Steal City of Ft. Worth's Data

Updates, Patches, and Alerts...

• US-CERT: Current Activity
• SecurityWeek: VMware Patches Code Execution Vulnerabilities in vCenter Server
• Information Week: Barracuda Zero-Day Vulnerability: Mandiant Points to Chinese Threat Actors
• SecurityWeek: CISA Tells US Agencies to Patch Exploited Roundcube, VMware Flaws
• Dark Reading: Microsoft Teams Attack Skips the Phish to Deliver Malware Directly
• SecurityWeek: Remotely Exploitable DoS Vulnerabilities Patched in BIND
• SecurityWeek: CISA Says Critical Zyxel NAS Vulnerability Exploited in Attacks
• SecurityWeek: Fortinet Patches Critical RCE Vulnerability in FortiNAC
• Dark Reading: Trojanized Super Mario Installer Goes After Gamer Data
• SecurityWeek: Serious Vulnerability Exposes Admin Interface of Arcserve UDP Backup Solution
• SecurityWeek: Anatsa Banking Trojan Delivered via Google Play Targets Android Users in US, Europe
• SecurityWeek: Over 130 Organizations, Millions of Individuals Believed to Be Impacted by MOVEit Hack

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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...

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