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World's Largest Bank ICBC Hit by Ransomware

SecureWorld News

The Industrial and Commercial Bank of China (ICBC), recognized as the world's largest commercial bank, has fallen victim to a ransomware attack. The bank, in response to the incident, promptly disconnected and isolated affected systems to contain the breach. and even introducing a bug bounty program to ransomware development.

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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. For Emmanuel Morka, CIO at Access Bank Ghana, open banking is the future and enterprises should seize on the opportunity.

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Tech Moves: Karat hires VP for Brilliant Black Minds program; PSL adds biz leads

GeekWire

. — Karat , a Seattle-based startup that helps companies conduct technical interviews, hired Crystal Moore as its new vice president of Brilliant Black Minds , a program that aims to double the number of Black engineers in tech over the next ten years. Karat raised a $110 million Series C round at a $1.1

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What the Digital Operational Resilience Act means for you

CIO Business Intelligence

With that backdrop, let’s take a look at one of the newer security policies set to bring even more change to the way we think about, and approach, IT security—the Digital Operational Resilience Act (DORA). But what exactly does this policy mean for IT security? And how can businesses ensure they’re ready? What is DORA?

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2024 GeekWire Awards finalists revealed: Vote now for the best in Pacific Northwest tech

GeekWire

The event will include a welcome party with music, sit-down dinner, entertaining awards program, and fun surprises mixed in. Public Policy Champion for Innovation, presented by WTIA, recognizes a Washington state lawmaker advocating for tech innovation.

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NY regulation aims to raise bank security standards

Network World

Under the new regulations, banks and insurance companies doing business in New York State will need to establish a cybersecurity program, appoint a Chief Information Security Officer and monitor the cybersecurity policies of their business partners. According to New York Gov.

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Tech Moves: Earth Finance adds climate advocacy vet; Trilogy Equity Partners hires analyst

GeekWire

Molecule’s founder and principal Timothy Zenk will join Earth Finance as managing director and leader of its renewable fuels and public policy teams. Founded in 2019, Molecule helps sustainability-focused companies with communication strategies to advance their objectives in policy or national interests. Timothy Zenk.