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New Cyber Incident Reporting Rules for U.S. Banks

SecureWorld News

At the same time, banking organizations are a growing target for cyberattacks. One study by Trend Micro reported a 1,318% rise in ransomware attacks targeting banks in the first half of 2021. Many banks will have just a day and a half to report cyber incidents, under a new rule that will go into effect on May 1, 2022.

Banking 71
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Modernizing the mainframe for the digital era

CIO Business Intelligence

I’m a banking technologist,” says the CIO for retail, business, and digital banking at M&T Bank. He’s doing just that on the bank’s IBM Z system mainframes, for which the bank has written some 10 million lines of code over the years. The bank’s use of its mainframes is two-pronged. M&T Bank.

IBM 144
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Junior Geek of the Month: Mona Li empowered girls in high school and seeks similar path in college

GeekWire

Bank of America recognized that leadership this past summer by selecting Li as one of hundreds of Student Leaders for 2021, a program that helps prepare young people to enter the workforce through hands-on skill- building and leadership development. . “My work with Treehouse this summer was so impactful,” Li said.

Banking 94
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Tech Moves: Earth Finance adds climate advocacy vet; Trilogy Equity Partners hires analyst

GeekWire

. — The Washington Research Foundation named five venture analysts as part of its sixth cohort to assist with grant-making and investment activities : Cade Ito is a fourth-year doctoral candidate at the University of Washington (UW) in the Molecular Medicine and Mechanisms of Disease program, focusing on engineered B cells and other cell therapies.

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The digital transformation of an island nation: how Bahrain rose to lead cloud adoption in the GCC Region

CIO Business Intelligence

A new IDC study details the Kingdom’s sustained effort to build a future-ready technology ecosystem, which analysts describe as a “remarkable” achievement. billion revenue to Bahrain’s GDP by 2026, according to IDC’s Economic Impact study. Those who demand to see hard facts that prove the power of cloud should examine Bahrain.

Cloud 110
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Generative AI: the Shortcut to Digital Modernisation

CIO Business Intelligence

A recent McKinsey study estimated that automation integrated with Generative AI could accelerate 29.5 However, this migration process may involve data transfer vulnerabilities and potential mishandling of sensitive information and outdated programming languages. percent of the working hours in the US economy.

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What Kenya can teach its neighbors — and the US — about improving the lives of the “unbanked”

Vox

With cellphones in widespread use, getting everyone access to banking is within reach. She needs cash before she heads to the market, but the nearest bank would be several days’ walk. Welcome to the world of mobile money banking. In much of the world, people don’t live near banks or have bank accounts.

Banking 126