Tech Talk: AI metacognition, biometrics, ATMs, and more!

• Traditional banks go digital as neobanks face regulatory heat
• FDIC: Bank-fintech guidance needs more clarity
• Self-service banking key for CUs
• Without technology, there would be no banks
• Regulators wary of outsourcing to tech firms
• Biometric payments: security and convenience
• Neobanks see opportunity as banks move from free services
• Are your ATMs ready for PCI DSS 4.0 changes?
• AI metacognition could reshape commerce
• Spam, Scams & Breaches
• Updates, Patches & Alerts
• and on the lighter side...

Traditional banks go digital as neobanks face regulatory heat
If the traditional players are shifting their efforts more fully into digital channels, neobanks are facing pressures to become more like, well, traditional banks. Last month, in the wake of the Synapse collapse, the FDIC issued a warning to consumers regarding the risks of opening accounts with nonbank firms, including neobanks. Some of these firms represented that accounts were insured by the FDIC when that was not the case. There is fallout. PYMNTS.com has the details.

FDIC: Bank-fintech guidance needs more clarity
Amid heightened regulatory scrutiny around bank-fintech partnerships and a series of recent enforcement actions, regulators are now arguing for more guidance on how these tie-ups are run. Banking Dive has the details.

Self-service banking key for CUs
Ongoing innovation in self-service banking — including online and mobile options and the ability to use any ATM — can help CUs stand out, especially among younger consumers. PYMNTS.com has the details.

Without technology, there would be no banks
There is now an expectation from customers of a much closer link between banking and technology, and corporate clients are looking for more personalization, more choice and more sustainability in their products. Finextra has the details.

Regulators wary of outsourcing to tech firms
The Basel Committee on Banking Supervision said banks should practice "appropriate due diligence" for risks before contracting with third parties, monitor how the service is performing, and adhere to "robust business continuity" management so they can operate during a disruption. PYMNTS.com has the details.

Biometric payments: security and convenience
As digital payments become increasingly ubiquitous, understanding the integration of biometric verification, including QR codes and various payment apps from different banks, is essential for grasping the full scope of modern financial transactions. Finextra has the details.

Neobanks see opportunity as banks move from free services
The arguably natural consequences of fee caps and limits on debit interchange — and the uncertainty of the regulatory climate — are now showing up with an anticipated pullback by banks on traditionally “free” services and products. That's good news for neobanks. PYMNTS.com has the details.

Are your ATMs ready for PCI DSS 4.0 changes?
The current version of their standards, PCI DSS v4.0, was released in March 2022 and addresses a wide range of topics designed to help organizations keep the payment system secure — including a few items that could make 2024 an especially challenging year for ATM owners. ATM Marketplace has the details.

AI metacognition could reshape commerce
At its core, metacognition in AI refers to a system’s capacity to monitor, evaluate and potentially modify cognitive processes. This goes beyond simple decision-making or problem-solving. A metacognitive AI could assess its performance, recognize its limitations, and adjust its approach based on this self-reflection. PYMNTS.com has the details.

Spams, Scams, and Breaches

• TechCrunch: Microsoft emails that warned customers of Russian hacks criticized for looking like spam and phishing
• CNET: Scammers Are Creating Tons of Fake Job Listings, Thanks to AI
• Dark Reading: Evolve Bank & Trust Reveals 7M Impacted in LockBit Breach
• PYMNTS.com: Interpol Scam Crackdown Puts Focus on Online Payments Security
• CIO Dive: Snowflake allows admins to enforce MFA as breach investigations conclude
• PCWorld: Beware of fake Amazon site scams as Prime Day approaches
• SecurityWeek: Ransomware Gang Leaks Data Allegedly Stolen from Florida Department of Health
• Tech Republic: Nearly 10 Billion Passwords Leaked in Biggest Compilation of All Time
• SecurityWeek: Hacker Stole Secrets From OpenAI
• Tech Republic: OpenAI Secrets Stolen in 2023 After Internal Forum Was Hacked
• SecurityWeek: Hacked Ethereum Foundation Account Used to Send 35,000 Phishing Emails
• PYMNTS.com: Identity Watchdog Group Says GenAI Has Spiked Job Scams
• PCWorld: A hacker just leaked 10 billion passwords. Here’s what to do now
• PYMNTS.com: How GenAI is Reshaping eCommerce and Consumer Trust
• CNET: It's Long Past Time to Stop Answering All Those Unknown Calls
• SecurityWeek: Some Data Is 'Breached' During a Hacking Attack on the Alabama Education Department

Updates, Patches, and Alerts...

• US-CERT: Current Activity
• CISA: Microsoft Releases July 2024 Security Updates
• Dark Reading: Attackers Have Been Leveraging Microsoft Zero-Day for 18 Months
• SecurityWeek: VMware Patches Critical SQL-Injection Flaw in Aria Automation
• Dark Reading: Poco RAT Burrows Deep Into Mining Sector
• SecurityWeek: Citrix Patches Critical NetScaler Console Vulnerability
• Dark Reading: What's Bugging the NSA? A Vuln in Its 'SkillTree' Training Platform
• SecurityWeek: ICS Patch Tuesday: Siemens, Schneider Electric, CISA Issue Advisories
• Dark Reading: Attackers Already Exploiting Flaws in Microsoft's July Security Update
• SecurityWeek: Adobe Issues Critical Patches for Multiple Products, Warns of Code Execution Risks
• Help Net Security: Microsoft fixes two zero-days exploited by attackers (CVE-2024-38080, CVE-2024-38112)
• SecurityWeek: Microsoft Warns of Windows Hyper-V Zero-Day Being Exploited
• Dark Reading: Chinese Threat Group APT40 Exploits N-Day Vulns at Rapid Pace
• SecurityWeek: SAP Patches High-Severity Vulnerabilities in PDCE, Commerce
• Help Net Security: July 2024 Patch Tuesday forecast: The end of an AV giant in the US
• SecurityWeek: Attackers Exploiting Remote Code Execution Vulnerability in Ghostscript

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...

Amazon Prime Day is around the corner. Engadget has put together some of the best deals.