News Topic: Encryption
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Google adds security layer to its cloud offering
JPMorgan Chase is one financial institution that plans to test Google Cloud’s new Confidential Computing product. ... Read full article
The gaping security holes plaguing real-time payments
Stephen Ranzini, CEO of University Bank, says The Clearing House's RTP and Early Warning's Zelle handle enrollment, encryption and authentication insecurely. ... Read full article
Apple Card: 10 key takeaways
Apple's new credit card isn't just another virtual card in its virtual wallet. It borrows a lot of features from the most successful brands in payments and technology. ... Read full article
Capital One’s data breach was bad. It could’ve been worse
Though involving an eye-popping 106 million credit card applicants' information, Capital One's breach was also unusual in a number of ways, including that it was quickly caught through a responsible disclosure program run by the bank. ... Read full article
Equifax fine punches a hole in data security culture
The timing of the settlement serves as a warning to other companies of the risks they face in an increasingly data-focused economy. ... Read full article
TD Bank’s calculated shift to the cloud
The North American banking giant is making a gradual yet concerted effort to migrate applications to Microsoft’s cloud, but there are still sensitive operations and pieces of data that it’s holding back on for now. ... Read full article
BofA’s Bessant on responsible AI, cyber attacks and data encryption
Cathy Bessant, Bank of America’s chief operations and technology officer, offers her takeaways from the first meeting of the Council on the Responsible Use of Artificial Intelligence. She also shares some challenges banks are facing with cyber attacks and ... Read full article
Apple Card: 7 key takeaways
Apple's new credit card isn't just another virtual card in its virtual wallet. It borrows a lot of features from the most successful brands in payments and technology. ... Read full article
Bankers have another data security issue to worry about
Banks want to encourage innovation by extending access to outside developers, but customer data remains vulnerable while in use by an application. ... Read full article
The peril — and promise — of quantum computing
The technology does not yet exist, but in the not-too-distant future it could fundamentally transform how many organizations do business. ... Read full article
Code names and flowers: Rabobank's novel approach to protecting customer data
Europe's new data privacy rules have forced banks to get creative to protect sensitive data from in appropriate access or breaches. ... Read full article
IBM upgrades mainframe to encrypt data at high speeds
System can run more than 12 billion encrypted transactions per day and can automatically keep applications, cloud services and databases hashed. ... Read full article
Denial-of-service, web app attacks plague banks
Verizon’s Data Breach Investigation Report finds cybercriminals are focusing their efforts on banks’ web servers and websites. ... Read full article
