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Web 3.0 Requires Data Integrity

Schneier on Security

As Web technologies matured, the focus shifted to protecting the vast amounts of data flowing through online systems. 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. This is Web 2.0:

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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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CFPB’s Proposed Data Rules

Schneier on Security

Officials at the CFPB have described the new rules as an attempt to accelerate a shift toward “open banking,” and after an initial comment period on the new rules closed late last year, Rohit Chopra, the CFPB’s director, has said he would like to see the rule finalized by this fall.

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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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MY TAKE: How blockchain technology came to seed the next great techno-industrial revolution

The Last Watchdog

Blockchain technology in 2019 may prove to be what the internet was in 1999. Blockchain, also referred to as distributed ledger technology , or DLT, is much more than just the mechanism behind Bitcoin and cryptocurrency speculation mania. However, cryptocurrencies are only one small part of blockchain technology.

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Cyber Security in Banking: Threats, Solutions & Best Practices

eSecurity Planet

Cyber security in banking has become the frontline defense against an ever-growing wave of digital threats. With billions of dollars and sensitive data at risk, banks are under constant pressure to stay one step ahead of cybercriminals. Table of Contents Toggle What is Cyber Security in Banking?

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