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Android 17, expected to roll out next month, will introduce several security and privacy features focused on device theft, threat detection, and banking scam calls. [...]
Banks Must Secure APIs, Vet Partners and Prepare for Open Finance Threats in 2025Open finance is revolutionizing banking, but it's also expanding the attack surface. Discover the critical API, data privacy and third-party risks facing financial institutions in 2025 - and how to build a secure future.
M&T Bank's Karen Boyer on Need for Shared Responsibility with Telecoms, Tech FirmsTechnology solutions can help banks fight fraud, but privacy constraints are preventing them from doing an effective job to ferret out scammers, said Karen Boyer, senior vice president at M&T Bank. She supports a new Australian law that also places responsibility on telecom and internet providers.
Also: Zero-Days Affect Financial Markets, SailPoint IPO Signals Market TrendsIn this week's update, ISMG editors discussed the latest "Modern Bank Heists" report and the evolving threats to financial institutions, fallout from the U.S. Department of Government Efficiency's AI-driven government shake-up, and what SailPoint's IPO signals for the cybersecurity vendor market.
Access to account info needed to tackle benefit fraud, latest bill claims Privacy campaigners are criticizing UK proposals to force banks to share data from the accounts of government benefit claimants, saying the ploy amounts to "a financial snoopers' charter targeted to automate suspicion."…
K ICO Announces Probe Into Microsoft Screenshot Storage FeatureMicrosoft's new automatic screenshot retrieval feature could enable hackers to steal sensitive information such as online banking credentials, security experts warned. Additionally, the U.K. data regulator will probe Recall for compliance with privacy law.
Also: Avast Agrees to $16.5 Million Civil Penalty to Settle Privacy InvestigationThis week: more fallout from LockBit, Avast to pay $16.5M, Russia-linked group targeted mail servers, no indication that AT&T was hacked, analysis of a patched Apple flaw, Microsoft enhanced logging, an Android banking Trojan, North Korean hackers and a baking giant fell to ransomware.
Businesses must be diligent in their actions, cultivate awareness with employees, and implement strict standards around external communications in the wake of Silicon Valley Bank's collapse.