Tech Talk: BaaS, AI, ethical hacking, and more!

• AI can drive digital banking engagement
• Must-have features for digital banks
• Money laundering fight may soon turn corner
• BaaS as mission-critical infrastructure
• Do open banking risks outweigh rewards?
• The rapid evolution of card payments
• Cash-back deals drive bank payments adoption
• Championing ethical hackers
• OCC concerned about bank-fintech collaboration
• Spam, Scams & Breaches
• Updates, Patches & Alerts
• and on the lighter side...

AI can drive digital banking engagement
As the threat of fraud continues to grow, financial institutions are exploring new methods to enhance security and protect their customers. However, as fraudsters become more sophisticated, financial institutions are realizing that two factors alone may no longer be sufficient. PYMNTS.com has the details.

Must-have features for digital banks
This article explores the pivotal neobank features, examining their role in transforming the financial services landscape and their value proposition to users. Finextra has the details.

Money laundering fight may soon turn corner
The law now requires many businesses to provide the government with beneficial ownership information, or “identifying information about the individuals who directly or indirectly own or control a company,” per the Financial Crimes Enforcement Network (FinCEN). PYMNTS.com has the details.

BaaS as mission-critical infrastructure
There is a misconception of the meaning of BaaS, the notable integration model for banking services which has been the subject of many recent headlines. To restore understanding in 2024 and beyond, BaaS providers need to get back to basics and convey the core value of BaaS. FinTech Futures has the details.

Do open banking risks outweigh rewards?
Nearly half of financial institution executives are concerned that open banking may not be a positive value proposition — especially in an environment of increasing fraud. PYMNTS.com has the details.

The rapid evolution of card payments
The physical card is dead, long live the physical card. Explore the future of card payments and the challenges traditional banks face when competing for primary account status. Finextra has the details.

Cash-back deals drive bank payments adoption
Amid consumer hesitation to adopt account-to-account (A2A) payments, cash-back incentives could go a long way toward driving use. PYMNTS.com has the details.

Championing ethical hackers
The costs of experiencing cybercrime continue to rise. The IBM Cost of a Data Breach Report 2023 reveals that the financial sector comes in second on the global scale of cyber incident expenses, surpassed only by healthcare. Finextra has the details.

OCC concerned about bank-fintech collaboration
Michael Hsu, CEO and acting comptroller of the currency for the Office of the Comptroller of the Currency (OCC), recently reiterated his agency’s commitment to mitigating any perceived risks in banking — especially those triggered by collaborations with FinTechs. PYMNTS.com has the details.

Spams, Scams, and Breaches

• Help Net Security: Vishing, smishing, and phishing attacks skyrocket 1,265% post-ChatGPT
• Dark Reading: 'Savvy Seahorse' Hackers Debut Novel DNS CNAME Trick
• SecurityWeek: Hackers Steal Personal Information From Pharma Giant Cencora
• Dark Reading: ConnectWise ScreenConnect Mass Exploitation Delivers Ransomware
• SecurityWeek: State-Sponsored Group Blamed for Change Healthcare Breach
• PYMNTS.com: New NIST Playbook Offers Data Breach Recovery Tactics
• SecurityWeek: 67,000 U-Haul Customers Impacted by Data Breach
• PYMNTS.com: LoanDepot: 16.9M Customers Impacted by January Data Breach
• SecurityWeek: LoanDepot Ransomware Attack Exposed 16.9 Million Individuals
• Finextra: Cybercrooks steal personal data of 17m loanDepot customers
• Help Net Security: Secure email gateways struggle to keep pace with sophisticated phishing campaigns
• SecurityWeek: 230k Individuals Impacted by Data Breach at Australian Telco Tangerine
• Help Net Security: 2024 will be a volatile year for cybersecurity as ransomware groups evolve

Updates, Patches, and Alerts...

• US-CERT: Current Activity
• SecurityWeek: Meta Patches Facebook Account Takeover Vulnerability
• CISA: Threat Actors Exploit Multiple Vulnerabilities in Ivanti Connect Secure and Policy Secure Gateways
• SecurityWeek: Cisco Patches High-Severity Vulnerabilities in Data Center OS
• CISA: #StopRansomware: Phobos Ransomware
• SecurityWeek: Windows Zero-Day Exploited by North Korean Hackers in Rootkit Attack
• SecurityWeek: 'SlashAndGrab' ScreenConnect Vulnerability Widely Exploited for Malware Delivery
• PCWorld: Microsoft confirms broken Windows 11 update, offers workaround
• SecurityWeek: Chinese Cyberspies Use New Malware in Ivanti VPN Attacks
• Dark Reading: Fortress Information Security Deploys Automated Patch Notification and Authenticity Tool
• SecurityWeek: Zyxel Patches Remote Code Execution Bug in Firewall Products
• PCWorld: Windows 11 hot patches could update your PC without rebooting
• SecurityWeek: Toward Better Patching — A New Approach with a Dose of AI
• Dark Reading: Zero-Click Apple Shortcuts Vulnerability Allows Silent Data Theft
• SecurityWeek: Critical Flaw in Popular 'Ultimate Member' WordPress Plugin

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...

Time travel back to 2002 on BankersOnline. On the forums, then called Banker Threads, thomasj posted, "How about your best bank jokes? Here is one to get you started."