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Things worth reading: 30th April 2018

Chris Skinner

Things we’re reading today include … Australia banking scandal claims more AMP scalps, chairwoman quits TSB online banking meltdown drags into a second week FCA awards £40m contract to strengthen cyber security Leonardo chief faces trial over Monte dei Paschi Deutsche Bank likely to axe 1,000 U.S.

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TSYS Attacked With Ransomware, Has Data Posted Online

PYMNTS

TSYS , a payment processing company, has suffered a ransomware attack and had some data posted online, according to a report from Krebs on Security. Conti reportedly said the legacy system hit this time was Cayan, which was acquired by TSYS in 2018 and helps to enable payments in stores, on mobile and through eCommerce.

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Online/Digital Account Opening: A Bridge and A Moat

Abrigo

Offering Digital Consumer and Commercial Accounts Benefits Financial Institutions Banks and credit unions that enable online/digital account opening win new customers and members and retain existing ones. . Takeaway 1 Many financial institutions are adding or improving online or digital account opening capabilities. .

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Mastercard Talks Securing Innovation, And Innovating Security

PYMNTS

In financial services today, security and innovation can work with each other, and against each other. But customers’ constant demand for cutting-edge products and services is adding to the load of already heavy security burdens. Passwords remain commonplace, despite the evolution of security technology.

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Online Marketplaces Attract Consumers – And Fraudsters, Too

PYMNTS

Payments made through the platform economy, through the online marketplaces that bring together individual buyers and seller – sometimes far-flung – happen in an instant. The sites must balance friction, authentication and security activities, as well as consumer satisfaction, all at the same time. So does fraud.

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2018 Data Breaches: The List No One Wanted To Make

PYMNTS

According to the report, cybercrime touched nearly every sector throughout 2018, including those that may seem less obvious, like education or manufacturing — and for one obvious reason: the money. Facebook’s 2018 regarding the stewardship of user data and privacy was one it would like to soon forget. Department Store Hacks.

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Bank Innovation Completely Overhauls 2018 Conference Agenda

Bank Innovation

In addition to fireside chats, startup demos, and general sessions, Bank Innovation’s 2018 conference has added a pre-conference workshop on how to build an innovation team, added even more time […].