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Weekend maintenance kicks an Italian bank offline for days

The Pragmatic Engineer

Sella is a mid-sized bank in Italy with around $14B in assets under management. The Sella banking app, the Sella Invest app, and internet banking are all down. So, it seems all the banks’ digital properties, except those for trading, have gone down hard. It all suggests there was an unexpected edge case.

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Cybersecurity in Banking: Importance, Threats, Challenges

Knowledge Hut

As we transition to a digital economy, cybersecurity in banking is becoming a serious concern. The effectiveness of cybersecurity in banks influences the safety of our Personally Identifiable Information (PII), whether it be an unintentional breach or a well-planned cyberattack. What is Cybersecurity in Banking? billion by 2029.

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The Collapse of Silicon Valley Bank

The Pragmatic Engineer

In case you somehow missed it: we went through the fastest bank run in history, in an event that impacted about half of all VC-funded startups in the US and UK. ” There was no certainty for startups with money in Silicon Valley Bank. Deposits in Silicon Valley Bank, 1991-2023. The bank was founded in 1983.

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What is Remote Access Trojan (RAT)? Types, Variants, Uses

Knowledge Hut

In cybersecurity, Remote Access Trojans (RATs) have become a major concern for individuals and businesses alike. What is Remote Access Trojan (RAT)? A Remote Access Trojan (RAT) is a stealthy malware that grants unauthorized access and control of a victim's device. So, what exactly is the RAT?

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How Open Banking is reshaping the sector by Andrew Carr

Scott Logic

I wrote recently about what the future holds for Open Banking in the US. The term ‘world-leading’ is a bit of a cliché, but when it comes to Open Banking, the UK has genuinely led the way. We’re now over five years into the Open Banking era in the UK. How is it reshaping the banking sector, and what’s coming next?

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Cyber Safe Behaviour In Banking Systems

U-Next

As my thoughts started wandering around our Banking systems and Cosmos Bank Cyber-attack 2018. The main target for cyber frauds is the financial sector and, on the hit list is the banking industry which is most exposed to these crimes. Discussions over coffee breaks with my team are always enlightening.

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AI in Banking: 5 Applications of Artificial Intelligence in Banking

Edureka

The banking industry is at the forefront of integrating AI, one of its many transformational uses. Today, we explore the top five ground-breaking uses of artificial intelligence in banking as we delve into the realm of money. This enables banks to quickly investigate and take the necessary action.

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