Disgraced former billionaire and FTX CEO Sam Bankman-Fried has been sentenced to 25 years in prison for fraud. Decrypt looks at how many years he might actually serve in prison.
This Azure nightmare is going to have massive ramifications for fintech. For years, those of us who know anything about tech have been shouting to anyone who will listen that letting “the pros” (i.e MS, Apple, Amazon) handle security is better than whatever in-house careerists at a bank could come up with.
This is still true.
But the on-prem-and-obsolete-tech-for-life crowd now has a very compelling argument for why they never have to change and why avoiding any new tech is paramount.
It’s going to dramatically slow innovation, make partnerships with fintechs harder, and reduce the security and resilience of our banking system—all because the f*ed up culture that Gates and Ballmer created STILL persists all these years later.
Klarna, the Swedish buy-now, pay-later company boasted in an announcement today that its AI assistant "is doing the equivalent work of 700 full-time agents” following layoffs of roughly the same number of staff back in 2022.
I'm Jin (he/him), a staff data scientist and occasional #ml engineer in #fintech, and #compsci researcher specialising in hashing and anomaly detection, with an interest in graph networks.
Remote banking applications that proved their value when bank branches closed during Covid are thriving as financial institutions and customers learned how to use them and enjoyed the convenience.
We’re often asked “Love the savings, but how easy is an Open Banking payment?”
If you’re the customer, four taps from checkout and you’re done. If you’re the merchant, that money is already in your bank account - and it cost you a penny to receive it.
Das neue Swiss Financial Innovation Desk (FIND) führt seinen Flaggschiff-Event "SwissHacks" durch, einen Fintech-Hackathon, der von Tenity unterstützt und organisiert wird. Ziel von FIND ist es, Finanzinnovationen zu fördern und die Führungsposition der Schweiz in der globalen Finanzwelt zu festigen, indem die klügsten Köpfe innerhalb von 48 Stunden reale Probleme lösen und Prototyplösungen mit Unternehmen und Investoren verbinden.
S1 E4 It’s a family affair - Lockdown, health crisis and the platform reopens.
In this episode, Carmen touches on her experience of being diagnosed with cancer on the cusp of her 28th birthday in October 2020. She reflects on how the diagnosis shifted her outlook on life and wellbeing. She and Kieron also reflect on what that tumultuous year brought for Wonderful…
Join us in Berlin next month for this special meet up 😎
Deutsche Bank x VictoriaMetrics: Best Practices on Scaling Observability
📍Deutsche Bank Berlin Technology Centre
🗓️ April 11th from 6.30pm
With a talk by Aliaksandr Valialkin on large-scale logging made easy & a talk by Dmitry Evdokimov on Fixed Income & Currencies - VictoriaMetrics cluster evolution.
📨 Latest issue of my curated #cybersecurity and #infosec list of resources for week #01/2024 is out! It includes the following and much more:
➝ 🇺🇸 🖼️ MAJOR US #MUSEUMS SUFFER #CYBERATTACK FALLOUT
➝ 🇪🇸 📡 A “ridiculously weak“ password causes disaster for #Spain’s No. 2 mobile carrier
➝ 🔓 🧬 #23andMe tells victims it’s their fault that their data was breached
➝ 🔓 💸 #OrbitChain loses $86 million in the last #fintech hack of 2023
➝ 🔓 🅿️ Europe’s Largest Parking App Provider Informs Customers of Data Breach
➝ 💸 🙊 #Crypto wallet founder loses $125,000 to fake airdrop website
➝ 🇺🇸 ⚖️ US Says 19 People Charged Following 2019 Takedown of #xDedic Cybercrime Marketplace
➝ 🇵🇸 🇮🇱 Palestinian Hackers Hit 100 Israeli Organizations in Destructive Attacks
➝ 🔓 ❌ Hacked #Mandiant X Account Abused for #Cryptocurrency Theft
➝ 🇳🇬 🇺🇸 ⚖️ Nigerian hacker arrested for stealing $7.5M from charities
➝ 🇦🇱 📡 Albanian Parliament and One Albania Telecom Hit by Cyber Attacks
➝ 🇺🇸 The FBI is adding more cyber-focused agents to U.S. embassies
➝ 🇺🇸 ⚖️ Former #BreachForums admin to be jailed until Jan. 19 sentencing
➝ 🇺🇸 💰 DOJ Slams #XCast with $10 Million Fine Over Massive Illegal Robocall Operation
➝ 📷 🥸 #Google Contractor Pays Parents $50 to Scan Their Childrens' Faces
➝ 💰 🥸 Google Settles $5 Billion #Privacy Lawsuit Over Tracking Users in 'Incognito Mode'
➝ 🇨🇳 🗳️ #Taiwan to reveal Chinese election interference after Saturday’s vote
➝ 🦠 💰 #Merck Settles #NotPetya Insurance Claim, Leaving #Cyberwar Definition Unresolved
➝ 🦠 🇰🇵 SpectralBlur: New #macOS Backdoor Threat from North Korean Hackers
➝ 🦠 🐍 3 Malicious #PyPI Packages Found Targeting #Linux with Crypto Miners
➝ 🦠 🎠 New Bandook #RAT Variant Resurfaces, Targeting #Windows Machines
➝ 🦠 🎠 UAC-0050 Group Using New #Phishing Tactics to Distribute Remcos RAT
➝ 🦠 🇺🇦 CERT-UA Uncovers New #Malware Wave Distributing OCEANMAP, MASEPIE, STEELHOOK
➝ 🔓 🦠 Free Decryptor Released for #BlackBasta Ransomware
➝ 🐛 📨 #SMTP Smuggling: New Flaw Lets Attackers Bypass Security and Spoof #Emails
➝ 🩹 #Ivanti warns critical EPM #bug lets hackers hijack enrolled devices
➝ 🩹 Google Patches Six Vulnerabilities With First #Chrome Update of 2024
➝ 🩹 🐡 Millions still haven’t patched #Terrapin SSH protocol #vulnerability
Subscribe to the #infosecMASHUP newsletter to have it piping hot in your inbox every week-end ⬇️
Digital Customer Expectations in Banking: What should financial businesses consider in order to offer a service that will meet digital customer expectations from a bank and financial services?
Klarna says its AI assistant does the work of 700 people after it laid off 700 people
Klarna boasted its AI assistant “is doing the equivalent work of 700 full-time agents.”
That statement may raise eyebrows for anyone who remembers the middle of 2022, the company laid off roughly the same number of employees, then about 10% of its staff
It’s 2023, how come I cannot properly export my financial transactions interoperably from my credit card, Paypal, and my bank accounts to analyse my personal spending?
Wasn’t that what this #fintech movement, among other things of course, was doing? @Toon
PH E-wallet Maya to start charging P5 for cash-ins of linked bank accounts on Feb. 26.
"Meanwhile, BPI recently announced that they will charge a Php10 fee for e-wallet reloading to GCash starting March 1, 2024. This rule will only apply to GCash, which means that this method can be an alternative to Maya users who want to transfer funds from their BPI for free."
Mutual aid organizations such as bail and abortion funds rely on risky #FinTech solutions like #PayPal both for donations and to get money into the hands of those in need quickly, as there is no #privacy preserving alternative that is easy for everyday recipients to use.