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Steps CIOs should take to protect customer data in Nigeria’s open banking systems

CIO Business Intelligence

Due to Nigeria’s fintech boom borne out of its open banking framework, the Central Bank of Nigeria (CBN) has published a much-awaited regulation draft to govern open banking procedures. And at its core is the need to secure customer data through a robust set of requirements. Securing customer data.

Banking 108
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Making Banking a More Effortless Experience

CIO Business Intelligence

Along with nearly every other industry, banking is facing greater competitive pressure than ever. As banks continue to face this reality, they’re also tasked with addressing a variety of rapidly changing issues, including those surrounding data protection, adoption of cryptocurrency, and anonymizing data (AI models). .

Banking 109
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Over 16 million affected in loanDepot data breach

Dataconomy

If you have used the service at least once recently, you may have also been affected by the loanDepot data breach, acknowledged by the company officials. Here is everything you need to know about the loanDepot data breach, including all the details. This is not the first loanDepot data breach incident.

Data 74
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Lost thumb drives bedevil US banking agency

Network World

banking regulator says an employee downloaded a large amount of data from its computer system a week before he retired and is now unable to locate the thumb drives he stored it on. The employee in question used two thumb drives to store the information, both of which he is unable to locate, the agency said.

Banking 60
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How Should CIOs Handle More Cybersecurity Regulations?

The Accidental Successful CIO

to require banks to formalize their cybersecurity program. These proposed new laws would require some of the world’s largest banks to invest millions of dollars in cyber protections. Under the new regulations banks would now be required to hire a chief information-security officer.

Banking 140
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5 challenges for securing the future

CIO Business Intelligence

Information security has been an intriguing part of our past, is a critical part of our present, and will be a defining factor in our future. The economics of security are clear: “There is no financial stability without cybersecurity,” writes Loretta J. Mester , President and CEO of the Federal Reserve Bank of Cleveland.

Security 123
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Elevate Your Protection Strategy at CSO’s Future of Cybersecurity Summit

CIO Business Intelligence

AAA National CISO Richard Latayan will lead a discussion on building resiliency into third-party relationships with Alex Attumalil, global CISO of Under Armour , and Ronald Banks, executive vice president and CISO of Texas Capital Bank. On July 20, the summit begins by tackling an issue facing many security leaders: burnout.

Strategy 117