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Financial institutions news from around the web: October 10 – 14, 2022

Written on Oct 14, 2022

How to defend against social engineering attacks in banking 

Cybersecurity has fundamentally altered the security landscape of financial institutions. Business Email Compromises are the most common and the most compromising. Banks and financial institutions, now more than ever, need to implement habitual practices to strengthen their cyber defense against BEC, before it is too late. 

What decriminalization could mean for cannabis banking 

De-scheduling the drug may take away the fear of prosecution, but some analysts argue the compliance burden may actually increase. 

Britain’s shadow banking system is raising serious concerns after bond market storm 

After chaos in British bond markets following the government’s Sep. 23 “mini-budget,” analysts are sounding the alarm on the country’s shadow banking sector. 

Composite AI – increasingly integral to banking success 

In a world with more data than ever, Composite AI is becoming increasingly essential to success in banking.