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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. Traditional banking is fading away,” he says.

Banking 119
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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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Report Reveals Top Cyber Threats, Trends of 2023 First Half

SecureWorld News

Critical Start today released its biannual Cyber Intelligence Report, featuring the top threats observed in the first half of 2023 and emerging cybersecurity trends impacting the healthcare, financial services, and state and local government industries. It's estimated LockBit had nearly 1,100 victims in 2022 alone.

Trends 66
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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. These proposed new laws would require some of the world’s largest banks to invest millions of dollars in cyber protections.

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 130
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Photograph Leak Demonstrates Importance of Good Hygiene

CTOvision

The Washington Post , The New York Times , and The Wall Street Journal have dedicated front-page links to the story, in a press wave that will contribute to the public’s increasing exposure to cybersecurity concepts and the growing importance of information security.

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Tech Moves: Gong president steps down; Intuit exec joins Nordstrom board; Common Room adds product leader

GeekWire

— Joseph Vincent left his position as chief legal officer of Moonstone Bank , the Washington state bank linked to failed cryptocurrency exchange FTX. Vincent joined Moonstone in May and stepped down in December, according to his LinkedIn profile, and as reported by Protos.

Banking 82