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Generative AI Could Make Banks’ ‘Know Your Customer’ Effectively Useless

Know Your Customer or KYC is a mandate of federal law for the financial services community such a banks, brokers and fintech. Often companies use “ID images” to confirm a person is who they say they are. Even some cryptocurrency platforms rely on this. Viral posts on Reddit and other social media show how, using […]

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Security News for the Week Ending December 22, 2023

Low Code/No Code Apps Not A Security Nirvana Just because the computer is generating much of the code does not mean the software doesn’t have bugs or is secure. In fact, since many times non-developers are using the tools, the code may be less secure. Details at The Hacker News As If Twitter Doesn’t Have […]

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Visa Releases New AI-Based Token Fraud Detection Product (Well, Not Really AI)

But AI is really the buzzword, so if the writer puts AI in the title then maybe more people will read it. Specifically this is designed to help banks prevent token fraud, which is hard to do anyway. Token fraud happens when a merchant “tokenizes” a credit card transaction so that the merchant doesn’t have […]

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Microsoft is Building a New Windows Printer System

Windows administrators are painfully aware of a long history of security issues with Microsoft’s Windows Printing System. Microsoft has tried time and again to patch it, but it is, apparently, kind of like putting duct tape on a submarine with a screen door. Print bugs account for almost 10% of all cases reported to Microsoft’s […]

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The New SEC Cyber Rules

Come tomorrow and Monday, there are changes in store for publicly traded companies when it comes to cybersecurity. This will help everyone else since virtually all companies have publicly traded companies who are vendors or business partners and this extra information will help you understand your partners’ cybersecurity efforts. Industry groups and Republicans aren’t excited […]

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