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Technology’s role in social sustainability

CIO Business Intelligence

Technology has a critical role to play in any organization’s social sustainability strategy. And according to a survey from NTT, a majority of senior executives recognize this and are actively working to harness digital technology and innovation to support their social sustainability initiatives. That number is set to grow.

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Bank failure: Citizens Bank collapses after 94 years

Dataconomy

The bank failure of Citizens Bank, a Sac City institution for 94 years, has been confirmed by the Federal Deposit Insurance Corp, attributing the cause to significant non-local loan losses. The regulatory body emphasized that there is no mandated warning period for the closing of a bank.

Banking 95
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57,000 Bank of America Customers' Data Compromised in Breach

SecureWorld News

Bank of America is notifying customers that their personal information was compromised in a data breach impacting Infosys McCamish Systems (IMS), a third-party vendor. According to breach notification letters , the exposed customer data includes names, addresses, Social Security numbers, dates of birth, and financial account details.

Banking 90
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Mobile Malware Uses Deepfakes, Social Engineering to Bypass Biometric Authentication

SecureWorld News

A sophisticated form of mobile malware dubbed "GoldPickaxe" has been uncovered, which collects facial recognition data to produce deepfake videos, enabling hackers to bypass biometric authentication protections on banking apps. The hackers rely heavily on social engineering tactics to distribute the malware.

Malware 75
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Governance for responsible AI: The easy things and the hard ones

CIO Business Intelligence

Companies developing and deploying AI solutions need robust governance to ensure they’re used responsibly. Based on a recent DataStax panel discussion, “ Enterprise Governance in a Responsible AI World ,” there are a few hard and easy things organizations should pay attention to when designing governance to ensure the responsible use of AI.

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Civic technology, more than ever, will be at the heart of democracy and effective government

Trends in the Living Networks

Civic technology, often called CivicTech, is usually defined as technologies to enable constructive engagement between citizens and government. For now, with social distancing likely to be part of the landscape for the foreseeable future, technologies for citizen engagement , over and above simple digital service delivery, are critical.

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China’s central bank bans cryptocurrency transactions to avoid ‘risks’

The Verge

The People’s Bank of China, the country’s central bank, said Friday that cryptocurrency transactions are illegal, saying such currencies “do not have legal tender status” and therefore “cannot be circulated as currency in the market.”. Illustration by Alex Castro / The Verge.

Banking 72