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US banking regulators are looking to clarify crypto rules in 2022

The Verge

The Federal Reserve, Federal Deposit Insurance Corporation (or FDIC), and Office of the Comptroller of the Currency (OCC) have issued a joint statement announcing a plan to clarify the rules and regulations around how banks can use cryptocurrencies over the next year ( via Bloomberg ). Banks now have to show they can safely handle crypto.

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World's Largest Bank ICBC Hit by Ransomware

SecureWorld News

The Industrial and Commercial Bank of China (ICBC), recognized as the world's largest commercial bank, has fallen victim to a ransomware attack. The bank, in response to the incident, promptly disconnected and isolated affected systems to contain the breach. and even introducing a bug bounty program to ransomware development.

Banking 85
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Continuous learning gives U.S. Bank a technology talent edge

CIO Business Intelligence

Bank over the years is that effectively deploying and making use of new tools requires a skilled and diverse workforce and a technology team with a strong engineering culture to support it. Banking on technology and people The largest technology investment for U.S. What we have discovered in implementing emerging technology at U.S.

Banking 110
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New Cyber Incident Reporting Rules for U.S. Banks

SecureWorld News

At the same time, banking organizations are a growing target for cyberattacks. One study by Trend Micro reported a 1,318% rise in ransomware attacks targeting banks in the first half of 2021. Many banks will have just a day and a half to report cyber incidents, under a new rule that will go into effect on May 1, 2022.

Banking 71
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New CIO appointments in India, 2022

CIO Business Intelligence

March 2022. February 2022. January 2022. Vakrangee, a Mumbai-based provider of banking and e-governance services, has appointed Prashanth Thakur as senior vice president and head of technology and digital. Khona has more 17 years of experience across retail, telecommunications, and banking.

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Reality check: Intelligent machines and the future of the automated workforce

GeekWire

Lewis referenced a recent Wall Street Journal podcast , which reported that “55% of Americans believe companies will use AI (artificial intelligence) programs to replace people in jobs.” “I Bank tellers haven’t been wiped out,” she said. had 485,000 bank tellers and 60,000 ATMs (automated teller machine). According to the St.

Banking 100
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Turning boulders into pebbles: behind Westpac’s cloud journey

CIO Business Intelligence

Westpac decided to increase its investment in Microsoft’s Azure cloud services platform earlier in 2022, to underpin the wholesale modernisation of the bank’s technology environment in a five-year deal to help drive the bank’s digital and hybrid multicloud strategy. Building a simpler tech environment.

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