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Information security key to digital era business models

Computer Weekly

Security will become increasingly important as industries seek to collaborate and use each other’s capabilities to enable new business models, with the banking sector leading the way

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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 131
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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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CIOs are worried about the informal rise of generative AI in the enterprise

CIO Business Intelligence

As an example, the consultancy refers to how generative AI technology could potentially add $200 – $400 billion in added annual value to the banking industry if full implementation moves ahead on various use cases. Organizations are seeing a dramatic rise in informal adoption of gen AI – tools and platforms used without official sanctioning.

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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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How Should CIOs Handle More Cybersecurity Regulations?

The Accidental Successful CIO

As our companies understand the importance of information technology and acquire more and more valuable information, the bad guys keep trying to find ways to break in and steal customer credit card and personal information. to require banks to formalize their cybersecurity program. How CIOs Can Live With New Regulations.

Banking 140
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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.

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