Links in “Technology”
- Small Businesses Taking Up Remote Deposit Capture
Product usage among small businesses is moving beyond early adopters. [4/3]
- Big Chill: What if Target Were Better Prepared Than Most Retailers?
Author submits that Target's preparations were better than most of its peers; the problem lies not with Target, but with the current state of threat intelligence and incident response. [4/3]
- XP’s Final Week and 95% of the World’s ATMs Are Still on It
April 8 is the date that Windows will stop issuing security updates for the aging, but ubiquitous Windows XP, which runs mosts ATMs around the world. A recent survey found only 15% of financial institutions are reacting before the cutoff. [4/2]
- Breaking the Bank: IT Spending to Exceed $150B by 2018
Accommodating digital growth and compliance are expected to drive retail banks' IT spending to $152.5 billion by 2018. [4/1]
- Data Security: Don’t Overlook Hash Attacks
There is a type of attack hackers can use to access confidential information without cracking passwordsâthe hash attack. Although hard to do, it's not impossible and the concern is that "it stems from a problem inherent with the design of the system." [3/27]
- Banks: Tech Changes are Transforming Industry and We’re Not Ready
Technology advances are seen as the biggest cause of transformation in the banking industry between now and 2020, according to a recent survey. Only 1 in 5 respondents said their banks were prepared for the transformation. [3/26]
- End of an Era: Windows XP
The jury is out on whether the end of Windows XP support coming next month will mean an easy transition (as long as institutions implement basic security) or a difficult adjustment. [3/24]
- What Big Blue Has Been Up To
Investing $24 billion since 2005, IBM launches big data software designed to aggregate information from a variety of sources to find non-obvious relationships and co-occurrences between entities to address all kinds of fraud and financial crimes. [3/21]
- Cyber Attacks: Smaller Institutions in the Crosshairs
While cyber security threats have usually targeted large financial institutions, regulators are anticipating that smaller institutions are next. AffirmXâs SVP and In-House Counsel Jane Pannier explains the risks and what small to mid-sized financial institutions should be doing now to prepare accordingly in our third episode of Risk Watch. [3/20]
- Treasury Department Speaks on Virtual Currency
Under Secretary of Terrorism and Financial Intelligence speak on illicit finance risks of virtual currency. He noted heightened regulatory concerns over virtual currency and ways regulators are approaching the matter. [3/19]
