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Kingston Digital released IronKey Locker+ 50 (LP50) USB Flash drive that provides security with AES hardware-encryption in XTS mode to safeguard against BadUSB with digitally-signed firmware and Brute Force password attacks. Kingston IronKey Locker+ 50 offers multi-password, Admin and User, option with Complex or Passphrase modes. Kingston IronKey Locker+ 50 is available in capacities from 16GB – 128GB.
IBM is expanding its Power10 server lineup with four new midrange and scale-out systems. The new Power S1014, Power S1022, Power S1024 and Power E1050 platforms cover a range of workloads. The new servers run several operating systems: AIX, IBM’s flavor of the venerable Unix operating system; Linux; and IBM i, the former OS/400 mid-range OS.
The author states that artificial intelligence (AI) is one of the most promising AML tools available to FIs and regulators. In fact, 2022 research carried out by NVIDIA shows that two of the top five AI use cases for investment are "Fraud detection: transactions and payments" and "Fraud detection: AML and KYC". He notes that traditional rules-based methods — a common technique from before the advent of modern AI — have a high false positive rate, meaning investigators' valuable time is wasted on the wrong transactions. Leading FIs are therefore employing AI deep learning techniques such as GANs (generative adversarial networks) and GNNs (graph neural networks) in their AML programs.
Ondato announced the launch of Ondato Risk Scoring, an automated tool for organizations to identify and manage consumer-associated risk better and faster during onboarding. It shows each accountholder's risk score, enabling FIs to make informed decisions about how to manage that risk and what additional actions to take to minimize the risk.
Hyosung America announced the launch of four new products: the Hero (MX5400), X10 Cash-In Sidecar (HK700), MetaKiosk (MX9700) and Cajera CR-E (MS500EL). The X10 supports many user experiences including cryptocurrency purchases, payments and gaming ticket redemption. “The device can be ‘bolted on’ to existing Hyosung cash dispensers to transform it into a full function device.
T-Mobile is still the fastest 5G provider in the US by some distance, but all three of the major national mobile service providers recorded major increases in their average connection speed between March and June of this year, according to a report released by Opensignal. T-Mobile averages 171Mbps over a 5G connection, compared to 72Mbps for Verizon and 53Mbps for AT&T, thanks in large part to its early acquisition of 2.5GHz spectrum, the researchers said.
Google has begun rolling out a multipurpose digital wallet that enables users to store, use and present digital credentials such as identity cards and health passes as well as payment cards, transit and event tickets and hotel keys. Google is launching Wallet in the USA but Android users in America will also still be able to use Google Pay for peer-to-peer payments and money management.
Interest in zero-trust security has heightened significantly over the past two years among organizations looking for better ways to control access to enterprise data in cloud and on-premises environments for remote workers, contractors and third parties. This article lists five mistakes organizations need to avoid when implementing a zero-trust security strategy: 1. Assuming Zero-Trust is all about ZTNA; 2. Confusing zero-trust with a product; 3. Assuming you can achieve zero-trust without basic security hygiene; 4. Having poorly defined user access policies; and 5. Neglecting the user experience.
Israel-based SASE (secure access service edge) provider Cato Networks has announced a security service edge (SSE) offering, Cato SSE 360, that includes Cato DLP, a capability for data loss protection across business applications that allows for customizable rules. SSE is defined by Gartner as a collection of integrated, cloud-centric security capabilities that facilitate safe access to websites, SaaS and in-house applications. A typical SSE solution secures web access through secure web gateways, cloud access security brokers (CASBs), DLPs and zero trust network access (ZTNA). It is a subset of SASE that does not include certain features, such as integrated SD-WAN.
America's most Googled credit question is“what is a good credit score”, new research has revealed. The study by financial comparison site Forbes Advisor analyzed thousands of credit-related search terms to see which is Googled the most, with the most common phrase inquiring how to obtain a good credit score. The second most common phrase is“what is APR”, while third place is "how to build credit.”
“Who owns digital?” According to Cornerstone Advisors, the most common responses are: 1) blank stare, 2) scrunched face of contemplation, and 3) “a lot of different people.” The lack of clear ownership in driving digital transformation represents a huge roadblock for FIs fighting to stay relevant. This article goes on to explain some key proficiencies that a Digital Product Manager must master.
X1 is one of the newest players in the smart payment card space. The company claims four major features that set it apart from incumbent credit card providers: 1) Benefit from income-based credit limit; 2) End free trials automatically; 3) Spend anonymously; and 4) Create virtual cards for one-time use.
Benchmarking Your Digital Banking Strategy
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Read Chris Doner's comments:
Humanizing Digital: Increasing Account Holder Loyalty and Exceeding Goals with Smart, Flexible Solutions
Digital Transformation: A Banking Imperative
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eSignatures Are Now a Top Priority Across the Nation
Fight Fraud by Better Understanding Your Financial Data
It’s Always About the People: 5 Rules for Digital Banking and Beyond
FCC Chairwoman Jessica Rosenworcel asked her colleagues to consider increasing the minimum broadband standard of 25Mbps to at least 100Mbps — and possibly 1Gbps. A change in the current, seven-year-old standard for broadband would almost certainly spur networking companies to upgrade equipment to meet the new benchmark. And it would increase data download and upload capacities across the internet — a key upgrade for remote and hybrid workers.
Identity and access issues topped the list of concerns of IT pros in the Cloud Security Alliance's annual Top Threats to Cloud Computing: The Pandemic 11 report released earlier this month. Here are the Pandemic 11 in order of importance: Here are the Pandemic 11 in order of importance. 1. Insufficient identity, credential, access and key management; 2. Insecure interfaces and APIs; 3. Misconfiguration and inadequate change control; 4. Lack of cloud security architecture and strategy; 5. Insecure software development; 6. Unsecure third-party resources; 7. System vulnerabilities; 8. Accidental cloud data disclosure; 9. Misconfiguration and exploitation of serverless and container workloads; 10. Organized crime and APT groups; and 11. Cloud Storage Data Exfiltration.
released a new, all-in-one, cloud-based offering to take on hyperscalers such as AWS and Google, and other rivals including Oracle, SAP and ServiceNow. Dubbed Digital Contact Center and available now, the new offering combines AI capabilities with existing Microsoft services and products including Dynamics 365, Teams, Power Platform and Nuance.