Tech Talk: AI assistants, digital fraud, BaaS, and more!

• The future of fintech development in banking
• ATM & self-service software trends
• Basel Committee publishes paper on digital fraud
• Digital banking: Customer acquisition & engagement
• Cooperation on open banking payments
• AI assistants need to know a lot. Is that OK?
• Digital customer expectations
• Bill payments: Millennials drive mobile adoption
• Checklist for choosing your BaaS provider
• Spam, Scams & Breaches
• Updates, Patches & Alerts
• and on the lighter side...

The future of fintech development in banking
In the future, a number of noteworthy advancements will significantly change how we manage, invest, and do business, transforming the fintech scene inside the banking sector. Finextra has the details.

ATM & self-service software trends
Today, we are at the cusp of a self-service revolution where market players are required to be more efficient, innovative and customer-centric than ever before. The ripple effects of this change are being felt throughout the ATM industry, as longstanding conventions begin to shift. ATM Marketplace has the details.

Basel Committee publishes paper on digital fraud
This discussion paper provides a high-level assessment of the supervisory and financial stability implications of digital fraud for the global banking system. Its purpose is to elicit comments and feedback from a broad range of interested stakeholders. Finextra has the details.

Digital banking: Customer acquisition & engagement
In a highly competitive digital banking landscape, there is an imperative not only to acquire new customers, but to activate their engagement and drive ongoing loyalty. Providing a personalized and rewarding digital customer experience is critical to achieving business goals. Fintech Futures has the details.

Cooperation on open banking payments
Alipay+, the cross-border digital payment and marketing solutions provider, has announced a landmark partnership with leading European open banking platform, Yapily, to explore the application of open banking on various mobile payment platforms and enhance connectivity between consumers and merchants globally. Finextra has the details.

AI assistants need to know a lot. Is that OK?
Virtual helpers took a leap forward this year thanks to the rise of generative AI. OpenAI dazzled the world with ChatGPT roughly one year ago, and tech giants like Microsoft, Google, Amazon and Meta nimbly wove generative AI into their chatbots, search engines and digital assistants. But the new cohort of high-tech digital butlers also requires trust in Big Tech, a sizable ask after recent data breaches and controversies. CNET has the details.

Digital customer expectations
In recent years there has been growing discussion on the ability of financial institutions to adapt their services to the expectations of digital-first customers. What should financial businesses consider in order to offer a service that will meet digital customer expectations from a bank and financial services? Finextra has the details.

Bill payments: Millennials drive mobile adoption
Consumers are searching for ways to gain control over their finances and one crucial aspect of financial control is bill payment. Many consumers find the bill payment process frustrating and lacking in ease and convenience and while specific bill payment mobile apps may play this role, adoption differs by generation. PYMNTS.com has the details.

Checklist for choosing your BaaS provider
In Europe, the rise of banking-as-a-service (BaaS) is expected to persist due to continuous regulatory tightening. Acquiring one’s own e-money or payment institution license is extremely challenging without a sizable, experienced team, a large client base, and budget. To a large degree, this checklist also applies in the U.S. Finextra has the details.

Spams, Scams, and Breaches

• TechCrunch: Samsung says hackers accessed customer data during year-long breach
• SecurityWeek: Ransomware Group Files SEC Complaint Over Victim's Failure to Disclose Data Breach
• TechCrunch: 9 million patients had data stolen after US medical transcription firm hacked
• CNET: 2023 Black Friday: Here's How to Avoid This Year's Elaborate Scams
• TechCrunch: Digital pharmacy startup Truepill says hackers accessed sensitive data of 2.3 million patients
• Finextra: Lloyds warns over surge in crypto scams
• SecurityWeek: Yellen Says Ransomware Attack on China's Biggest Bank Minimally Disrupted Treasury Market Trades
• Information Week: How to Safely Delete Obsolete Data
• SecurityWeek: Ransomware Group Leaks Files Allegedly Stolen From Boeing
• PYMNTS.com: Zelle Network Banks Begin Reimbursing Imposter Scam Victims
• SecurityWeek: Ransomware Group RansomedVC Closes Shop
• PYMNTS.com: Google Aims to Set Precedent With AI Scam Lawsuit
• TechCrunch: Healthcare giant McLaren reveals data on 2.2 million patients stolen during ransomware attack
• PYMNTS.com: $27 Million in Crypto Swiped From Binance-Linked Wallet
• Dark Reading: 'Hunters International' Cyberattackers Take Over Hive Ransomware
• PYMNTS.com: McLaren Health Care: 2.2 Million Patients' Data Breached
• Dark Reading: 'CitrixBleed' Linked to Ransomware Hit on China's State-Owned Bank
• Banking Dive: Chinese banking giant’s US arm hit by ransomware attack
• Dark Reading: State of Maine Becomes Latest MOVEit Victim to Surface

Updates, Patches, and Alerts...

• US-CERT: Current Activity
• SecurityWeek: Adobe Patch Tuesday: Critical Bugs in Acrobat, Reader, ColdFusion
• Dark Reading: Dangerous Apache ActiveMQ Exploit Allows Stealthy EDR Bypass
• SecurityWeek: Protected Virtual Machines Exposed to New 'CacheWarp' AMD CPU Attack
• Tech Republic: Intel Patches Widespread Processor Vulnerability
• SecurityWeek: 22 Energy Firms Hacked in Largest Coordinated Attack on Denmark's Critical Infrastructure
• Dark Reading: Microsoft Zero-Days Allow Defender Bypass, Privilege Escalation
• SecurityWeek: New Intel CPU Vulnerability 'Reptar' Can Allow DoS Attacks, Privilege Escalation
• Dark Reading: Unpatched Critical Vulnerabilities Open AI Models to Takeover
• SecurityWeek: Chipmaker Patch Tuesday: Intel, AMD Address Over 130 Vulnerabilities
• Dark Reading: APTs Swarm Zimbra Zero-Day to Steal Government Info Worldwide
• SecurityWeek: SAP Patches Critical Vulnerability in Business One Product
• Dark Reading: 21 Vulnerabilities Discovered in Crucial IT-OT Connective Routers
• SecurityWeek: MySQL Servers, Docker Hosts Infected With DDoS Malware
• CISA: Microsoft Releases November 2023 Security Updates
• SecurityWeek: Microsoft Patches Sensitive Information Disclosure Vulnerability in Azure CLI
• CISA: Adobe Releases Security Updates for Multiple Products
• SecurityWeek: Microsoft Warns of Critical Bugs Being Exploited in the Wild
• Tech Republic: Microsoft and SysAid Find Clop Malware Vulnerability
• SecurityWeek: Critical Authentication Bypass Flaw in VMware Cloud Director Appliance

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...

"Scary Mommy" rounded up the corniest, most ridiculous bank jokes even your teller would giggle at.