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How banks and businesses can prep for the FedNow instant-payment system

Computerworld Vertical IT

After a pilot program that lasted six months, the US Federal Reserve System plans to launch its FedNow real-time payment system in July. But many banks and businesses could be caught flatfooted when it launches. To read this article in full, please click here

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The FTC's amended Safeguards Rule requires financial institutions report security breaches within 30 days

TechSpot

The FTC's Safeguards Rule mandates that "non-banking" financial institutions must securely manage and store their customers' information. Read Entire Article

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Agility Recovery To Enhance Disaster Recovery Program With Globally Recognized Certification Standard From the MSPAlliance

CTOvision

The International Association of Cloud and Managed Service Providers (MSPAlliance), today announced that Agility Recovery would leverage the Unified Certification Standard audit (UCS) for Cloud and Managed Service Providers (MSPs) for its disaster recovery program. Related articles. See more at: [link].

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IBM deploys machine learning to bolster online banking security program

Network World

That analysis creates a risk score that banks can use to decide whether an ongoing transaction is fraudulent and trigger an alert. To read this article in full or to leave a comment, please click here

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Dyre banking Trojan successor rears its ugly head

Network World

Cybercriminals have unleashed a new banking Trojan program on the internet and it bears striking similarities to Dyre, a malware threat believed to have been dead for almost a year. The new Trojan is called TrickBot and first appeared in September, targeting users of banks in Australia.

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Trojan source code leak poised to spur new online banking attacks

Network World

The source code for a new Trojan program that targets banking services has been published online, offering an easy way for unskilled cybercriminals to launch potent malware attacks against users. To read this article in full or to leave a comment, please click here

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GozNym Trojan turns its sight on business accounts at major US banks

Network World

A hybrid Trojan program created for financial fraud has started redirecting users of four large U.S. banks to rogue websites in order to hijack their accounts. GozNym is a relatively new threat, first discovered in April , and is based on the Nymaim malware dropper and the Gozi banking Trojan.

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