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FFIEC Updates Its Cybersecurity Guidelines For Financial Institutions

ForAllSecure

On October 3, 2022, the Federal Financial Institutions Examination Council's ( FFIEC ) updated its 2018 Cybersecurity Resource Guide for Financial Institutions. Additionally, the Council collects consumer financial data from these institutions and makes it available to aid in risk management, consumer protection and policy making.

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Emergent Risks in 2019 Facing Financial Services

Galido

Information Technology Blog - - Emergent Risks in 2019 Facing Financial Services - Information Technology Blog. The security of financial information has always been a cause for concern. The data that the financial industry collects grows vastly every year. The preferred form of storage for financial data is in the cloud.

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Generative AI: Balancing security with innovation

CIO Business Intelligence

Whether it’s deep fakes or simply more sophisticated phishing attempts, AI is making it easier to steal identities and ramping up the need for more accurate, faster authentication. Additionally, it’s paramount within the financial services sector to ensure responsible AI and adherence to regulatory guidance for model risk.

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CIOs press ahead for gen AI edge — despite misgivings

CIO Business Intelligence

But if there are any stop signs ahead regarding risks and regulations around generative AI, most enterprise CIOs are blowing past them, with plans to deploy an abundance of gen AI applications within the next two years if not already. Morgan explains that the gen AI is not performing the analysis to determine suspicion of financial crimes.

CTO Hire 134
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Overcoming the Equation: Security = Friction

CTOvision

We’ve migrated to a userid-password society; as we’ve added layers of security, we password-protect each layer: PC (and now device), network, enclave, application, database, and storage (encryption). It’s much easier to use biometrics or a SmartCard to identify yourself to a system or application. Userids and passwords are almost free.

Security 249
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Chief AI officers in demand as IT leaders expect gen AI productivity boost, survey finds

CIO Business Intelligence

Content generation is another key use case for gen AI, cited by 55% of respondents, with industry-specific applications (48%), data augmentation (46%), and personalized recommendations (39%) rounding out the top five. Software vendors have been busy infusing generative AI into their products.

Survey 126
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Mapping the evolution of Germany’s blockchain ecosystem

Dataconomy

There are a number of factors which contributed to this performance: Regulation of Initial Coin Offerings (ICOs): In February 2018, the German Federal Financial Supervisory Authority (BaFin) published guidelines on how tokens issued through ICOs would be classified and regulated.

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