CVSS 4.0, Transform Core Banking, Microsoft 365 Copilot and Cyber Insurance Efficiency

Edition 5 | November 9, 2023

I trust that the past two weeks have been very productive for everyone.? This is the fifth edition of the newsletter.

Thank you for all the DMs and emails. I have been under the weather for the past few days, and I'm running a bit behind with the responses, but I'll get to them. Please keep sharing great content.

Let’s get right into the topics.

CYBERSECURITY NEWS

SOC 1 vs SOC 2 vs SOC 3 via Praveen Singh

Decoding SOC reports: #SOC1 focuses on financial audits, #SOC2 details security and controls, while #SOC3 is a public version of SOC2. Essential knowledge for #CISOs and #CTOs in the audit process. #Cybersecurity #FinancialAudit #InformationSecurity

?? M365 Copilot launched with Purview Audit and Purview eDiscovery via Purav D.

Dive into compliance with ease ???♂? M365 Copilot's integration with Purview Audit & eDiscovery ensures meticulous tracking & retrieval of user interactions for robust investigations. Stay ahead with #MicrosoftSecurity ??? #Compliance #AI #eDiscovery #M365Copilot ????

The public company CISO role looks untenable via Walter Haydock

?? Public company CISOs face daunting challenges. Here are 5 non-negotiables for the role:

1?? Authority over data loss disclosure

2?? Power to report cybersecurity events to the SEC

3?? Veto on SEC filings

4?? Mandate to address vulnerabilities

5?? Dismissal rights for security complacency

#CybersecurityLeadership #CISORole #RiskManagement

?? FIRST announces CVSS v4.0 via Mohit K.

?? FIRST launches CVSS v4.0, revolutionizing vulnerability scoring with new metrics for a precise security posture! ??? Upgrade your risk prioritization with enhanced severity levels & insights. #CyberSecurity #VulnerabilityManagement #FIRST #CVSSv4

Elements of an Efficient Cyber Insurance Market via Cyber Rescue Alliance

Unveiling the blueprint for a resilient cyber insurance market: Regulatory agility, consumer protection, and a focus on solvency are key to navigating the dynamic threats of cyber risks. ????? #CyberInsurance #RiskManagement #RegulatoryInnovation #CyberSecurityTrends #FinancialSolvency

Let's understand SOC and SOC as a service via Praveen Singh

?? Embrace #CyberSecurity resilience with SOC as a Service! Key offerings include real-time monitoring, threat hunting, SIEM, and endpoint protection. Ensure your bank's data fortress is unbreachable with SOCaaS's 24/7 defense team. #CISO #CIO #CTO #InformationSecurity #SOCaaS ???

ARTICIFIAL INTELLIGENCE

ChatGPT can now process PDF uploads via Han-Shen (Han) Yuan

OpenAI's latest ChatGPT update with PDF processing capabilities shakes up the AI ecosystem, signaling a tough road ahead for startups built on its APIs. Diversify or face obsolescence. #AIIndustry #StartupChallenges #OpenAIUpdate

Microsoft Sales Copilot - Architecture Overview via Max Neo

Explore the blueprint of Microsoft Sales Copilot ?? - delving into its secure, compliant architecture, savvy AI integrations, and robust data management. A must-read for #FinTech leaders seeking cutting-edge sales solutions. #SalesTech #AI #DataSecurity ??????

HOW DO WE CONTROL AI? via Dr. Martha Boeckenfeld

?? As AI shapes our future, the U.S., EU, and China chart diverse regulatory paths. Biden's exec order, the EU's trust framework, and China's precise laws exemplify this. The call for a global AI agency echoes. Let's shape AI's promise together. ??? #AIRegulation #TechPolicy #Innovation

BANK TECHNOLOGY NEWS

What's the key to mobile banking satisfaction? via Ron Shevlin

Mobile deposit ranks as a crucial banking feature, second only to card control. ???? The latest #MobileDepositBenchmarkReport shows a strong link between mobile deposit satisfaction & overall mobile banking happiness. Chatbots are boosting this experience, as fraud concerns rise. Banks excelling in tech & education against fraud are gaining a competitive edge. #BankingInnovation #Fintech

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?? Four Ways to Transform Core Banking ? via Nickolas Belesis

Transforming core banking? ?? Consider these 4 strategies:

1?? Composable Banking via SaaS & APIs

2?? Self Build like Monzo & Revolut

3?? Upgraded solutions from giants like Oracle & Temenos

4?? Cutting-edge tech from New Gen Core Providers

Choose the right fit & evolve! ???? #BankingInnovation #FintechEvolution

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November edition of the Banking Technology magazine via FinTech Futures

?? Grab the latest insights with the award-winning November edition of Banking Technology magazine! ?? Explore the significance of Moloch, risk model strategies, & core modernisation benefits. Download FREE ?? HERE? #FintechFutures #BankingInnovation #FinTech

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Top Trends in Retail Banking 2023 via Prasanna Lohar ??

?? Retail Banking 2023: A storm of innovation amid economic headwinds. Expect hyper-personalization via digital & data analytics, strategic FinTech partnerships, and a fortified focus on #CyberSecurity & #Sustainability. Stay ahead with Capgemini’s insights. #RetailBankingTrends2023 ????

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Banks look to fintechs to stave off threat from Big Tech via Ali Raza

Banks eye fintech acquisitions to combat Big Tech's rise in payments. With Big Tech like Google and Apple reshaping banking, 40% of banks now view them as top rivals, driving moves to match their instant, seamless services. The race is on for a regulatory-level playing field. #FintechMergers #BankingFuture

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Digital Banking Features Inspiration by Mobiquity Inc. via Lukas Hora

Digital banking innovation alert: Revolut's wage tracking, Monzo's IFTTT savings, and Dave's side hustle features set the stage for the future of personal finance. Time for banks to focus on the unique 20%! #DigitalBanking #FintechInnovation #BankingTech

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What happened at Citizens? via Michele Alt

Community banking's pulse: Citizens' collapse, a stark reminder of risks in industry concentration and loan losses. #BankingDive delves into the personalized impact on local businesses and the broader lessons for #BankingLeaders. #CommunityBanking #Finance #RiskManagement

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Blockchain & Cryptocurrency Regulation 2024 by Global Legal Group via Prasanna Lohar ??

Unveiling the Global Legal Group's 2024 forecast on #Blockchain & #Cryptocurrency regulations ??. Covering 33 jurisdictions on government stance, regulatory frameworks, AML directives, and more. Essential insights for #FintechLeaders. #CryptoRegulation

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Transforming Financial Institutions Using API-based Approach ?? via Nicolas Pinto

APIs: The linchpin of #DigitalTransformation in Finance ??! Embrace system, process, & experience APIs to modernize core banking, innovate rapidly, & navigate the evolving digital landscape. Collaborate, create, & stay ahead! #Fintech #APIFirst

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White Label UIs have become a recent trend in the realm of BaaS players via Arcady Lapiro

Dive into the future of banking with Agora's White Label UIs ?? Tailor-made for #Fintech, banks, & CUs, our advanced app offers unmatched customization, from KYC to AML solutions ???? Ready-to-launch for web & mobile, our platform is a game-changer for #DigitalBanking. #BaaS #Innovation

GOVERNANCE, RISK AND COMPLIANCE NEWS

FinCEN Finalizes Rule on Use of FinCEN Identifiers in Beneficial Ownership Information Reporting

?? #FinCEN finalizes rule for simplified BOI reporting with FinCEN IDs, effective Jan 1, 2024. Aims to bolster corporate transparency while addressing ownership secrecy concerns. Details on eligibility criteria at [Link] #BeneficialOwnership #FinancialTransparency #Compliance2024

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Navigating the Future: How GRC, Artificial Intelligence, and MSPs are Transforming Business Compliance via W.B. Carrington, MBA, CTPRA, GRCA, GRCP, (C)LSSMBB

?? Future-proofing compliance: AI & MSPs are revolutionizing GRC in business. Predictive analytics, NLP, & real-time monitoring enhance risk management & streamline governance. Embrace the AI-driven GRC evolution for a competitive edge. ???? #AIinGRC #BusinessCompliance #RiskManagement

PRODUCT & BUSINESS STRATEGY NEWS

The critical factor for success when transitioning into a new CIO role via Kitee Fu

?? Transitioning to a CIO role? Prep for success with these tips:

1?? Research the org's mission & culture

2?? Master industry tech trends

3?? Align tech strategy with business value

4?? Lead with proven team management

5?? Navigate change effectively

6?? Make data-driven decisions

7?? Communicate with clarity

DM for a game-changing CIO role in Retail/FMCG! ???? #CIO #TechLeadership #DigitalTransformation

23 Free Product Management Resources via Ankit Shukla

?? Elevate your #ProductManagement game with these 23 FREE resources! Dive into PRDs, PM insights, user research, UI/UX, APIs, cloud computing & more. Perfect your resume, ace interviews, and master the metrics. Your ultimate PM toolkit awaits! #PMResources #TechLearning ??

Insights for #ProductManagers in Fintech! ?? via Oliver Turn

?? Fintech PMs, elevate user journeys with psychology-driven strategies! ?? Unpack user behaviors, avoid product pitfalls & harness principles like Scarcity & Loss Aversion to design captivating fintech experiences. ???? #FintechProductManagement #UserExperience #BehavioralEconomics

RESOURCES AND TOOLS

Microsoft & LinkedIn released a professional certificate in Generative Al?? via Sarah Adam

Boost your AI skills with Microsoft & LinkedIn's FREE professional certificate in Generative AI ????. Dive into 15 courses ranging from AI basics to deep learning specializations! ???? Start learning now ?? [Links in thread] #AI #GenerativeAI #ProfessionalDevelopment #FreeCourses

Free 12-month technical skills MBA for Product Managers via Dr Bart Jaworski

?? Product Managers, boost your tech skills with a FREE 12-month MBA-level journey! ???? Dive into APIs, SQL, UX/UI design, AI, GIT & top PM tools. Plus, exclusive university PM courses! ???? No cost, high value. Get started: [Link] #ProductManagement #TechEducation #FreeLearning

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