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Seagate has taken the wraps off its Exos 2X14 enterprise hard drive. It's the first to integrate Seagate's MACH.2 multi-actuator technology, which is a method of turning one hard disk into two and doubling performance. The 14TB Exos 2X14 connects via a SAS interface and appears to the server as two 7TB volumes rather than as a single 14RB drive. With two actuators, double the data can be read and write within a single HDD.
This article covers some gadgets to help keep your data and personal information safe. Some examples include: Mic-Lock microphone blocker; Lindy USB port locks; Webcam covers; Faraday fabric for EMI/RFID shielding; Panasonic call blocker; PortaPowUSB data blocker; Tableau forensic bridge kit; Lowell Destruct hard drive eraser; and more.
Juniper expanded its branch switching options to include the NFX350 family that features eight 10G and eight 1G interfaces and, depending on the configuration, up to 2TB of storage, 128GB of RAM and 32 vCPUs. Meanwhile, the SRX380 comes with several key performance features, including 1Gbps IPsec performance, four 10G ports, 16 PoE+ ports for greater wattage and density, AES256 MACsec encryption and four mini-card slots for expanded connectivity. Finally, a new Wi-Fi card for branch SRX boxes that lets customers deploy Wi-Fi with zero-touch configuration alongside LTE, Ethernet and other traditional network transport options.
Many observers are convinced that fraud detection is one of the classic applications of AI and ML. One of the main ways that organizations use AI to detect fraud is through anomaly detection. Some systems combine two predictions: what is fraudulent and what is severe enough to be worth going after - AI can quickly do a cost-benefit prediction to save an organization time and money, taking fraud detection beyond merely finding the activity.
A new research report from Mercator Advisory Group titled 2019 ATM Benchmark Market Report finds that despite continued pressure from digital payment products, particularly person-to-person (P2P) applications like Zelle and Venmo that are used to pay back other individuals or to send a gift electronically, ATMs remain a fixture in the banking market. Consumer data supports the finding that individuals who have adopted newer payment technologies still rely on cash and ATMs for their day-to-day transactions.
A key requirement for survival, according to Forrester, is that FIs must improve their digital services for small to mid-sized businesses or lose them to disruptors. “Lots of small business owners — such as builders, electricians, and decorators — spend their days on the road and run their businesses from their mobile phones,” Forrester states in The Digital Disruption of Small Business Banking. “Although 77% of U.S. small business owners and their employees use their mobile devices to help run their businesses, far fewer use these devices for banking transactions: Just 29% pay bills using mobile banking, and even fewer make transfers through their bank’s app or mobile site.”
A new standard unveiled Wednesday by the PCI Security Standards Council could pave the way for more acceptance of contactless payments with no more hardware needed than a merchant’s off-the-shelf mobile phone or tablet. The standard is dubbed Contactless Payments on COTS (commercial off-the shelf devices), or CPoC. It spells out security requirements governing applications that enable a mobile device to accept contactless payments from customers using EMV chip cards, smart phones, or wearables.
A new global study from Thales, with research from global market intelligence firm IDC, reveals that U.S. FIs have the highest rate of data breaches compared to other industries. In fact, nearly two thirds (62%) have experienced a breach in their history, and 41% had one occur in the last year alone.
Fraud is continually evolving, and Javeline Strategy & Research is predicting the following changes in 2020: 1. Strong Authentication Enters the Browser; 2. Faster Payments, Faster Scams; and 3. AI-Powered Fraud Emerges as a Threat.
The sudden shift in interest rate direction—realized in less than three months—pressures FIs to scrutinize their strategies for growing deposits in the year ahead. One strategy is that they can offer a high-yielding checking account in exchange for a minimum number of debit card transactions per month—typically about 10. The article looks at other marketing steps to help ramp up deposits.
In October 2018, consumers made more payments with debit cards than with any other payment instrument (28% of payments), according to the 2018 Diary of Consumer Payment Choice. Cash, in all prior diary years the most-used payment instrument, followed with 26% of payments. Together with credit cards (23%), these instruments accounted for slightly more than three-quarters of the number of payments. On average, U.S. adults made 43 payments for the month (rounded, 34 purchases and 10 bill payments), up by two from 41 in 2017 but still lower than the 46 researchers found in their 2016 survey.
Since its invention back in 2008, blockchain technology has been trying to disrupt a number of industries with varying degrees of success. This article concludes that three major blockchain limitations for banking are: 1) the lack of governance, 2) non-scalability, and 3) regulatory compliance risks.
Juniper Networks expanded its SD-WAN management console to now include its SD-LAN service that provides organizations with a simplified approach to managing their SD-branch deployments. The SD-WAN enhancements allows users to now provision Juniper’s EX Series switches to manage LAN fabrics and configure LAN virtualization and security policies similar to how they control their SD-WAN environment. This should reduce the cost and complexity of managing those environments.
The article points out four banking security concerns addressed by cloud: 1) Extensive encryption; 2) Invest in reliable and certified hardware; 3) Regulatory management tools; and 4) Security as a service. It then discusses the benefits of cloud computing in banking.
From domain hijacking and cache poisoning to Denial of Service attacks, DNS is no stranger to being attacked or even scarier, being an attack vector. Fortunately, this crucial component of the Internet can be used defensively as well. DNS filtering can prevent users from downloading malware without also blocking legitimate files by accident. The author explores how this process works and why it’s a useful tool for IT and security teams.
Contact centers are becoming increasingly responsive in channels such as chat, email, and social media. Even though "omnichannel" has become standard vocabulary in the world of customer service, most modern contact centers aren't quite there yet. Most contact centers are still genuinely multi-channel. Contact centers will only become omnichannel when conversations with consumers are translated across formats according to the consumer’s profile and needs and with all relevant information and background knowledge traveling with the inquiry.