Majority of Financial Firms Unprepared for Generative AI
Despite increasing efforts to adopt artificial intelligence (AI), many firms remain in the early stages of implementation, hindered by significant gaps in workforce training and regulatory readiness.
New Software Supply Chain Threats Exploit Entry Points Across Programming Ecosystems
Cybersecurity researchers have uncovered a new threat to software supply chains that spans multiple programming ecosystems, including PyPI, npm, Ruby Gems, NuGet, Dart Pub, and Rust Crates. These entry points, which are typically used by developers to execute specific commands or load plugins, can be exploited by attackers to introduce malicious code.
FullCircl taps LSEG Risk Intelligence to tackle global identity fraud
Source: FullCircl
FullCircl, a UK-based RegTech which is uniquely placed at the intersection where revenue meets regulation, has announced a new partnership with LSEG Risk Intelligence.
Regulators Warn of Risks in Bank-Fintech Partnerships
There exists a nuanced spectrum in orchestrating and nurturing bank-fintech collaborations. This complex landscape necessitates a keen understanding of pivotal factors and methodologies imperative for sustaining these relationships, irrespective of their objectives or frameworks.
Rapid7 Agrees to Acquire Cyber Asset Attack Surface Management Company, Noetic Cyber
Source: Rapid7
Rapid7, Inc. (NASDAQ: RPD), a leader in extended risk and threat detection, today announced it has signed a definitive agreement to acquire Noetic Cyber, an innovator and a leader in cyber asset attack surface management (CAASM).
BIS and MAS Launch Project Viridis to Integrate Regulatory and Climate Data for Risk Management
The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have developed a blueprint for a platform to integrate regulatory and climate data, aiding financial authorities in managing climate risks.
US Treasury Report Urges Banks to Strengthen Risk Management Against AI-Powered Threats
A report issued by the US Treasury has emphasized the imperative for banks to enhance their risk management frameworks to mitigate the growing threat posed by AI-driven fraudsters and cybercriminals.
AXA and AWS to build B2B risk management platform
Source: AXA
A worldwide leader in insurance and asset management, AXA and AWS (Amazon Web Services) an Amazon.com, Inc. company (NASDAQ: AMZN), announced their intention to jointly develop and build AXA Digital Commercial Platform (DCP) and associated software services to enable next-generation risk management.
