Tech Talk: Digital dollars, payment fraud, intelligent malware, and more!

• Fed Governor concerned about digital dollar
• Generative AI merges with intelligent malware
• Buy Now, Analyze Later
• How will 'cashless society' impact ATMs?
• Only 5% of payouts to bank accounts in real time
• Digital Banking: Prevent sabotage of customer experience
• AI and communication combat payment fraud
• Financial Crimes Defender
• Partner with law enforcement following a cyberattack
• Spam, Scams & Breaches
• Updates, Patches & Alerts
• and on the lighter side...

Fed Governor concerned about digital dollar
Federal Reserve Governor Michelle Bowman is concerned about the potential risks associated with a U.S. central bank digital currency (CBDC). She said a digital dollar could pose significant risks and tradeoffs for the financial system. PYMNTS.com has the details.

Generative AI merges with intelligent malware
The integration of generative AI and intelligent malware is elevating the efficacy of malicious actors, introducing a higher degree of automation, and amplifying the independence of attacks. Concurrently, this advancement substantially bolsters the toolkit available to both attackers and defenders. Help Net Securit has the details.

Buy Now, Analyze Later
Protracted inflation and the burden of credit cards have made BNPL an increasingly sought-after alternative for consumers demanding financial flexibility. The payment method’s popularity is on the rise, but BNPL is not without its vulnerabilities. PYMNTS.com has the details.

How will 'cashless society' impact ATMs?
While a cash-free world will impact all payments industry participants, there can be little doubt that ATM fleet owners have the most at risk. ATM Marketplace has the details.

Only 5% of payouts to bank accounts in real time
Just 5% of payouts to bank accounts took 60 seconds, suggesting that consumers opting for bank account transfers often do not have the option for an instant payout. Meanwhile, the ability to receive a payment in real time is very or highly influential when choosing a payment method for 43% of respondents. PYMNTS.com has the details.

Digital Banking: Prevent sabotage of customer experience
It's not enough to replicate the design of another nicely looking financial app to ensure a great quality digital customer experience in a financial product. Behind every digital transformation success, there's a number of unique factors that impact the banking customer experience. Finextra has the details.

AI and communication combat payment fraud
While most banks and firms are focusing primarily on increasing the use of ML/AI models to stem the rising tide of fraudulent activities, FIs also plan to improve anti-fraud efforts in other areas. PYMNTS.com has the details.

Financial Crimes Defender
Jack Henry announced today that it is redefining fraud prevention with the initial roll out of Jack Henry Financial Crimes Defender, a cloud-native fraud and anti-money laundering (AML) solution designed with real-time capabilities at the forefront. Finextra has the details.

Partner with law enforcement following a cyberattack
A leader with the Federal Bureau of Investigation (FBI) and two cybersecurity experts with experience in the government and private sectors give InformationWeek insight into establishing a relationship with law enforcement and what to expect during a cybersecurity incident investigation. Information Week has the details.

Spams, Scams, and Breaches

• Dark Reading: D-Link Confirms Breach, Rebuts Hacker's Claims About Scope
• SecurityWeek: Lost and Stolen Devices: A Gateway to Data Breaches and Leaks
• Krebs on Security: The Fake Browser Update Scam Gets a Makeover
• Finextra: FCA fines Equifax £11m for major consumer data breach
• Information Week: Hackers Leak Genetic Data Stolen from 23andMe
• TechCrunch: Shadow silent on data breach as hacked data appears genuine

Updates, Patches, and Alerts...

• US-CERT: Current Activity
• SecurityWeek: Milesight Industrial Router Vulnerability Possibly Exploited in Attacks
• CISA: Oracle Releases October 2023 Critical Patch Update Advisory
• SecurityWeek: Juniper Networks Patches Over 30 Vulnerabilities in Junos OS
• Dark Reading: Patch Now: APTs Continue to Pummel WinRAR Bug
• SecurityWeek: Number of Cisco Devices Hacked via Unpatched Vulnerability Increases to 40,000
• Dark Reading: Critical Citrix Bug Exploited as a Zero-Day, 'Patching Is Not Enough'
• SecurityWeek: Three Months After Patch, Gov-Backed Actors Exploiting WinRAR Flaw
• SecurityWeek: US Gov Expects Widespread Exploitation of Atlassian Confluence Vulnerability
• CISA: Cisco Releases Security Advisory for IOS XE Software Web UI
• SecurityWeek: Dozens of Squid Proxy Vulnerabilities Remain Unpatched 2 Years After Disclosure
• SecurityWeek: Critical Vulnerabilities Expose ​​Weintek HMIs to Attacks
• Computerworld: Microsoft addresses three zero-days for October’s Patch Tuesday
• SecurityWeek: WordPress Websites Hacked via Royal Elementor Plugin Zero-Day
• SecurityWeek: Cisco Devices Hacked via IOS XE Zero-Day 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...

An oldie but goodie. When you're in the middle of a meeting, dinner, or important event, a ringing cell phone causes a distraction. Google has addressed that problem way back with the Pixel 3. Shhh.