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DOGE as a National Cyberattack

Schneier on Security

This approach, known as “separation of duties,” isn’t just bureaucratic red tape; it’s a fundamental security principle as old as banking itself. When your local bank processes a large transfer, it requires two different employees to verify the transaction.

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Web 3.0 Requires Data Integrity

Schneier on Security

The next layer up is the file system architecture: the way those binary sequences are organized into structured files and directories that a computer can efficiently access and process. At the foundation level, bits are stored in computer hardware. creates the trusted environment that AI systems require to operate reliably.

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Luxury, Loyalty and Lateral Movement: Retail and Banking Attacks Surge

SecureWorld News

These breachesaffecting Cartier, Main Street Bank, and The North Faceunderscore the rising threat landscape facing luxury and everyday consumer brands. While no operational impact was reported, the bank terminated its relationship with the vendor. The reputational damage could be immense."

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Bizarro banking Trojan targets banks in Brazil and abroad

Security Affairs

Bizarro is a new sophisticated Brazilian banking trojan that is targeting customers of tens of banks in Europe and South America. Researchers from Kaspersky have spotted a new sophisticated Brazilian banking trojan dubbed Bizarro that is targeting customers of tens of 70 banks in Europe and South America.

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New Linux FASTCash Variant: Threats to Banking Systems

Hacker's King

The cybersecurity world has been abuzz with news of a new Linux variant of FASTCash, a sophisticated malware targeting the banking sector. FASTCash has gained notoriety for its ability to bypass banking security protocols, enabling cybercriminals to withdraw massive amounts of cash from ATMs.

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Accelerate Open Banking Innovation with These 7 Data Capabilities

Security Boulevard

Accelerate Open Banking Innovation with These 7 Data Capabilities. The inability to automate data impedes time to market with open APIs and banking features at over half of Europe’s banks, according to new research. The data stockpiled in banking institutions is a lot like rocket fuel. Wed, 07/28/2021 - 12:34.

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Cybersecurity Snapshot: CISA Calls for Stamping Out Buffer Overflow Vulnerabilities, as Europol Tells Banks To Prep For Quantum Threat

Security Boulevard

Plus, Europol offers best practices for banks to adopt quantum-resistant cryptography. In addition to adopting post-quantum cryptography , banks and other financial institutions should take this opportunity to boost their cryptography management practices, according to Europol.

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