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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 108
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Low code/no code tools reap IT benefits—with caveats

CIO Business Intelligence

Low-code/no-code visual programming tools promise to radically simplify and speed up application development by allowing business users to create new applications using drag and drop interfaces, reducing the workload on hard-to-find professional developers. Vikram Ramani, Fidelity National Information Services CTO.

Tools 122
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3 ways to deter phishing attacks in 2023

CIO Business Intelligence

Vishing: Voice over IP (VoIP) and Plain Old Telephone Services (POTS) are also susceptible to phishing attacks – attackers use speech synthesis software and automated calls to solicit victims to share bank details and login credentials. Further, AI is a potent tool in the arms of cybersecurity experts.

Training 140
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Copilot: an indispensable tool for banking security teams

CIO Business Intelligence

The threat to banks from cyber crime is becoming increasingly complex, as state actors and criminal gangs become more adept at targeting vulnerabilities. A report by the Bank for International Settlements singled out the growth of cloud-based services and remote working as two of the primary drivers behind the heightened risk.

Banking 89
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CIOs are worried about the informal rise of generative AI in the enterprise

CIO Business Intelligence

Now, generative AI use has infiltrated the enterprise with tools and platforms like OpenAI’s ChatGPT / DALL-E, Anthropic’s Claude.ai, Stable Diffusion, and others in ways both expected and unexpected. Organizations are seeing a dramatic rise in informal adoption of gen AI – tools and platforms used without official sanctioning.

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Zero Trust Security for NIS2 compliance: What you need to know

CIO Business Intelligence

Over 100,00 organizations are expected to be impacted by Network and Information Security Directive (NIS2) cybersecurity standards that European Union (EU) member states must implement by October 2024. [i] 19% of respondents believed that the adoption of Zero Trust was a “goal that will take time.” [iv]

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New CIO appointments in India, 2022

CIO Business Intelligence

Vakrangee, a Mumbai-based provider of banking and e-governance services, has appointed Prashanth Thakur as senior vice president and head of technology and digital. Prior to joining Fractal, Tiwari was senior vice-president and global CISO at Airtel, where he set up the managed security services initiative Airtel Secure for Business.