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Celebrating FinCrime Fighter Day: Honoring the heroes of financial security

Abrigo

Deloitte expects synthetic identity fraud to generate losses of at least $23 billion by 2030. Read More Webinar How to confidently navigate AI: 5 Ways to leverage at your financial institution Read More The post Celebrating FinCrime Fighter Day: Honoring the heroes of financial security appeared first on Abrigo.

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Introducing Quantum Computing

Perficient

The development of quantum computers could affect data security. It would be great for security as well since it potentially doesn’t use any physical infrastructure to transfer this information. Quantum computers can be used for database searching because they can search many paths at once, thus greatly reducing search time.

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How One Nevada Credit Union Secures Its Self-Service Innovations

PYMNTS

The collaboration aims to fill one-third of CU leadership positions with diverse individuals by 2030, and plans to provide education services, referrals and consulting services to execute this diversity initiative. For more on these and other CU news items, download this month’s Tracker. Deep Dive: Credit Unions Face Data Breach Challenges.

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Saudi Arabia’s Open Banking Plan Aims To Advance Digital Innovation

PYMNTS

It enables the secure sharing of financial and other data to enable seamless digital payments and money transfers. . Aside from providing banking customers in the Kingdom with a way to securely manage and share financial data, open banking will also give people access to custom products and services.

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The Scary Success Rate Of Corporate Cyberattacks

PYMNTS

But cyberattacks cost these firms $2 trillion in damages, with researchers forecasting that figure to spike up to $90 trillion by 2030 if businesses don’t change the way they protect corporate data. The vast majority of breaches are reported by employees outside the firm’s security team, researchers added.

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UN Rule Mandates Connected Cars Be Secured Against Cyberattacks

PYMNTS

billion in 2030, WSJ reported. But the new rules will require them to document what they’re doing for specific types of attack preventions, check in with authorities annually on how effective the cybersecurity measures have been, and report any new information on the attacks. billion this year to $9.7

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Practical AI Use for Community Banks

Jeff For Banks

For Security Bank & Trust, Copilot aligns perfectly with our strengths. Impact: AI automation could save banks $1 trillion by 2030 (McKinsey, 2024). AI could generate $779 billion in new banking revenue by 2030 (ZipDo, 2024). I edited minor things for clarity. Barclays AI fraud system is a benchmark (Forbes, 2024).