Tech Talk: AI bias, remote banking, cyber threats, and more!

• AI-enabled core banking system
• Fintech & Banking: Using Tech, AI and Marketing
• AI bias poses danger to the financial sector
• First Covid, now convenience spur remote banking
• Top 10 cybersecurity misconfigurations
• Could AI bridge our digital divide?
• Cyber threats: Banks face AI ‘arms race’
• To build or to buy fintech software?
• Technology helps banks fight rising fraud
• Spam, Scams & Breaches
• Updates, Patches & Alerts
• and on the lighter side...

AI-enabled core banking system
Sopra Banking Software (SBS) has launched its artificial intelligence (AI)-enabled core banking system, the SBP Core Platform. The cloud-native platform harnesses the power of both cloud technologies and artificial intelligence. PYMNTS.com has the details.

Fintech & Banking: Using Tech, AI and Marketing
From the potential of AI to the rapidly evolving demands of both commercial and banking customers, banks and fintech need to shift gears internally to ‘remix’ their existing offerings, optimize their technology, build compelling new customer experiences, and support them with compelling brands and data driven marketing. Finextra has the details.

AI bias poses danger to the financial sector
The implicit bias of present-day generative AI models make their rapid adoption in the financial sector hazardous, according to a report by a financial technology expert working for the Bank of England. Computerworld has the details.

First Covid, now convenience spur remote banking
Remote banking applications that proved their value when bank branches closed during Covid are thriving as financial institutions and customers learned how to use them and enjoyed the convenience. Forbes has the details.

Top 10 cybersecurity misconfigurations
The US cybersecurity agency CISA and the NSA have issued new guidance on addressing the most common cybersecurity misconfigurations in large organizations. SecurityWeek has the details.

Could AI bridge our digital divide?
The rise in the use of AI does have the potential to significantly impact digital inclusion. It can be used to develop new tools and technologies that can make it easier for people to access and use digital resources. Banking Dive has the details.

Cyber threats: Banks face AI ‘arms race’
As use cases for generative AI continue to evolve, “an arms race between those who are using generative AI to attack and those who are trying to use generative AI to block the attack” will ensue in the financial sector, Barr said during a live-streamed cyber risk conference held by the Federal Reserve Bank of Cleveland. Banking Dive has the details.

To build or to buy fintech software?
The dilemma of whether to build or buy fintech software has long been a tough decision for many entrepreneurs. The allure of a personalized solution can be tempting, but not all startups possess the financial resources necessary for custom software development. Finextra has the details.

Technology helps banks fight rising fraud
Financial institutions (FIs) and banks are fighting back against fraud by tapping advanced technologies like artificial intelligence (AI). In terms of advantages, AI and machine learning (ML) technologies play a critical role in assisting FIs in identifying and assessing the common types of fraud they encounter. PYMNTS.com has the details.

Spams, Scams, and Breaches

• Banking Dive: Fiserv among MOVEit cyberattack victims
• Finextra: FTC reports that scams on social media have accounted for $2.7 billion in reported losses since 2021
• CISA: #StopRansomware: AvosLocker Ransomware (Update)
• Tech Republic: New DDoS Attack is Record Breaking: HTTP/2 Rapid Reset Zero-Day Reported by Google, AWS & Cloudflare
• SecurityWeek: Payment Card Data Stolen in Air Europa Hack
• Information Week: Cyberattack Disrupts Operations at Johnson Controls International
• SecurityWeek: MGM Resorts Says Ransomware Hack Cost $110 Million
• Dark Reading: 23andMe Cyberbreach Exposes DNA Data, Potential Family Ties
• PYMNTS.com: FTC Says Social Media Most Common Contact Method for Scams
• SecurityWeek: DC Board of Elections Discloses Data Breach
• Tech Republic: New EvilProxy Phishing Attack Uses Indeed.com Redirector to Target US Executives
• SecurityWeek: Magecart Web Skimmer Hides in 404 Error Pages

Updates, Patches, and Alerts...

• US-CERT: Current Activity
• SecurityWeek: Microsoft Fixes Exploited Zero-Days in WordPad, Skype for Business
• Dark Reading: Microsoft Patch Tuesday Haunted by Zero-Days, Wormable Bug
• SecurityWeek: ICS Patch Tuesday: Siemens Ruggedcom Devices Affected by Nozomi Component Flaws
• Help Net Security: Critical Atlassian Confluence vulnerability exploited by state-backed threat actor
• SecurityWeek: CISA Warns of Attacks Exploiting Adobe Acrobat Vulnerability
• PCWorld: Windows 11's original version reaches end of life
• SecurityWeek: Citrix Patches Critical NetScaler ADC, Gateway Vulnerability
• Information Week: Internet-Wide Zero-Day Bug Fuels Largest-Ever DDoS Event
• SecurityWeek: Unpatched Vulnerabilities Expose Yifan Industrial Routers to Attacks
• Dark Reading: DarkGate Operator Uses Skype, Teams Messages to Distribute Malware
• SecurityWeek: Apple Releases iOS 16 Update to Patch Exploited Vulnerability
• Help Net Security: October 2023 Patch Tuesday forecast: Operating system updates and zero-days aplenty
• SecurityWeek: Organizations Warned of Top 10 Cybersecurity Misconfigurations Seen by CISA, NSA
• Information Week: Critical Zero-Day Bug in Atlassian Confluence Under Active Exploit
• SecurityWeek: ‘HTTP/2 Rapid Reset’ Zero-Day Exploited to Launch Largest DDoS Attacks in History
• Dark Reading: Patch Now: Massive RCE Campaign Wrangles Routers Into Botnet
• SecurityWeek: Patches Prepared for 'Probably Worst' cURL Vulnerability
• Dark Reading: 'Looney Tunables' Linux Flaw Sees Snowballing Proof-of-Concept Exploits
• SecurityWeek: One-Click GNOME Exploit Could Pose Serious Threat to Linux Systems
• Help Net Security: Be prepared to patch high-severity vulnerability in curl and libcurl
• SecurityWeek: Recently Patched TagDiv Plugin Flaw Exploited to Hack Thousands of WordPress Sites

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...

Today's Millennial job seekers often approach a job opportunity with inflated confidence in their abilities, with many of them viewing themselves as technology wizards. A Millennial job interview that might go something like this can catch hiring managers off guard.