Tech Talk: Transaction monitoring, digital ID, virtual cards, and more!

• Amex adds biometrics to authentication tool
• GenAI: Fraud risk friend or foe?
• Banks tap virtual cards
• Identity-first model for zero-trust maturity
• AI-powered transaction monitoring
• Conquer our fear of Digital ID
• Enigma debuts KYB platform
• A card that can be physically tracked
• Generative AI to fuel payments
• Spam, Scams & Breaches
• Updates, Patches & Alerts
• and on the lighter side...

Amex adds biometrics to authentication tool
American Express said it is adding facial and fingerprint recognition to its SafeKey authentication tool. The upgrade is designed to prevent fraud, streamline checkout, and makes American Express the first card issuer to roll out these biometric features. PYMNTS.com has the details.

GenAI: Fraud risk friend or foe?
There is a risk that GenAI may be used by fraudsters to create extremely convincing messages, advertisements, and other forms of content to steal money and identity information. Can GenAI-powered innovation also aid in defending against such crimes and help businesses identify fraudulent signals, generate threat risks, and develop stronger controls? FinTech Futures has the details.

Banks tap virtual cards
Businesses have long relied on debit and credit card transactions, but digitization is ushering a new era of more secure electronic payment options, such as virtual cards, in the business-to-business (B2B) payment landscape. PYMNTS.com has the details.

Identity-first model for zero-trust maturity
BeyondID, a leading managed identity solutions provider, announced the industry's first solution that accurately conveys the true nature of identity within the zero trust security framework. This holistic approach ensures optimal threat detection, continuous compliance, risk mitigation, and a high return on IT and security investments. Dark Reading has the details.

AI-powered transaction monitoring
WorkFusion has unveiled a new AI Transaction Monitoring Investigator designed to automate the review of first-level (L1) transaction monitoring alerts. The new artificial intelligence (AI) solution, dubbed Isaac, streamlines the process and enables analysts to concentrate on more critical investigations. PYMNTS.com has the details.

Conquer our fear of Digital ID
It can help to look to the UK on some emerging issues, like digital ID. Innovative companies will be able to offer a range of regulated, decentralized digital ID solutions which enable fast, secure and accurate data-sharing - creating a market in the process. Finextra has the details.

Enigma debuts KYB platform
Data science company Enigma has debuted its know your business (KYB) platform. The new product is designed to allow users to conduct KYB checks to onboard new business customers with minimal friction. PYMNTS.com has the details.

A card that can be physically tracked
Samsung has created a credit card that can be tracked. This means that users can connect the card to their Galaxy smartphone to check its location via Bluetooth Low Energy at home or abroad and be notified when it's a certain distance away. Finextra has the details.

Generative AI to fuel payments
Visa launched a new $100 million generative AI ventures initiative aiming to invest in companies focused on developing generative AI technologies and applications that will shape the future of commerce and payments. PYMNTS.com has the details.

Spams, Scams, and Breaches

• PYMNTS.com: Report: Hacker Group Scattered Spider Behind Clorox Cybersecurity Breach
• SecurityWeek: European Telecommunications Standards Institute Discloses Data Breach
• Dark Reading: FBI: Crippling 'Dual Ransomware Attacks' on the Rise
• SecurityWeek: US Executives Targeted in Phishing Attacks Exploiting Flaw in Indeed Job Platform
• Dark Reading: Ransomware Crisis, Recession Fears Leave CISOs in Tough Spot
• TechCrunch: Motel One says ransomware gang stole customer credit card data
• Dark Reading: USPS Anchors Snowballing Smishing Campaigns
• SecurityWeek: Lyca Mobile Services Significantly Disrupted by Cyberattack

Updates, Patches, and Alerts...

• US-CERT: Current Activity
• Help Net Security: Apple patches another iOS zero-day under attack (CVE-2023-42824)
• Dark Reading: Critical Zero-Day Bug in Atlassian Confluence Under Active Exploit
• PCWorld: Chrome, Firefox vulnerable to new 0-day exploit. It's being attacked
• Dark Reading: Group-IB: 'GoldDigger' Banking Trojan Targets Vietnamese Organizations
• SecurityWeek: Progress Software Patches Critical Pre-Auth Flaws in WS_FTP Server Product
• Dark Reading: Unkillable? Qakbot Infections Fly On Even After Its High-Profile Raid
• SecurityWeek: Severe Glibc Privilege Escalation Vulnerability Impacts Major Linux Distributions
• TechCrunch: Google patches zero-day exploited by commercial spyware vendor
• SecurityWeek: Companies Address Impact of Exploited Libwebp Vulnerabilit
• Dark Reading: Chrome Flags Third Zero-Day This Month That's Tied to Spying Exploits
• SecurityWeek: Recently Patched TeamCity Vulnerability Exploited to Hack Server
• Help Net Security: Week in review: Chrome zero-day is actually in libwebp, Sony hacking rumours
• SecurityWeek: Unpatched Exim Vulnerabilities Expose Many Mail Servers to Attacks
• PCWorld: Firefox plugs libvpx exploit that's already being attacked
• SecurityWeek: Live Exploitation Underscores Urgency to Patch Critical WS-FTP Server Flaw
• SecurityWeek: Mozilla Warns of Fake Thunderbird Downloads Delivering Ransomware
• Help Net Security: Qualcomm patches 3 actively exploited zero-days
• SecurityWeek: Android's October 2023 Security Updates Patch Two Exploited Vulnerabilities
• Dark Reading: Patch Confusion for Critical Exim Bug Puts Email Servers at Risk — Again
• SecurityWeek: Apple Warns of Newly Exploited iOS 17 Kernel Zero-Day
• TechCrunch: Microsoft won’t say if its products were exploited by spyware zero-days

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...

Meet the 6'10" AI robot NBA players fear!