The Internet of Things and why it matters

The Internet of Things, which is commonly called IoT, refers to the billions of devices around the world that are connected to the internet through sensors or Wi-Fi. It's basically a giant network of objects that connect to the internet. Each device collects data, and this data, known collectively as big data, is exchanged and analyzed.

Learn about IoT's benefits for businesses, IoT security risks, IoT-related jobs, how industries and smart cities are using IoT, and more in this post from TechRepublic - Internet of Things (IoT): Cheat sheet

“Must Reads” for 4 February 2021

Today’s “Must reads” in banking, fintech, payments, cybersecurity and risk management include:

• The Importance of Cybersecurity in Fintech
• German laptop retailer fined $12.7M under GDPR for employee surveillance
• How the pandemic will change banking in 2021
• Maintaining Connections to Bank Customers Through the Pandemic and Beyond
• Krebs, Curry and Cyber Security
• SolarWinds hack turning into Pandora's box of cyber-risk
• Blockchain 50 2021

Green Book Update

The US Department of the Treasury has announced that the Green Book (a comprehensive guide for financial institutions that receive ACH payments from and send payments (i.e. collections) to the federal government) has just been updated.

 You can access the updated version of the Green Book at;

Reference and Guidance - Green Book

“Must Reads” for 3 February 2021

Today’s “Must reads” in banking, fintech, payments, cybersecurity and risk management include:

• Artificial Intelligence in Asia: Security Will be a Priority
• Here’s where AI will advance in 2021
• Two banks explain how they’re using biometrics
• The irrepressible rise of FinTech
• Is Your Financial Institution Ready for Tough COVID Vaccine Questions?
• Banks Now Closing Customer Accounts for Violating Mask Mandates
• Banking Must Commit to Increased Tech Spending in 2021

Enterprise Risk Management - Three Lines of Defense: A New Principles-Based Approach

Across industries and time, the “three lines of defense” has been a cornerstone of operationalizing risk management programs. The Institute of Internal Auditors (IIA) provided valuable guidance regarding the three lines of defense initially in 2013, followed by updated guidance in July 2020 (called the “Three Lines Model”).

The three lines of defense represent an approach to providing structure around risk management and internal controls within an organization by defining roles and responsibilities in different areas and the relationship between those different areas. GARP has provided a detailed breakdown of the new approach. 

Get all the details here - Three Lines of Defense: A New Principles-Based Approach

“Must Reads” for 2 February 2021

Today’s “Must reads” in banking, fintech, payments, cybersecurity and risk management include:

• Nine in ten Americans view data privacy as a human right, according to new report
• Three Benefits of AI and ML in Banking and Finance
• Rabobank executes real-time commercial paper transaction using blockchain technology
• Royal Bank of Canada moves into BNPL market
• Visa prepares for crypto future
• Former NAB staffer jailed over four-year fraud spree
• Pakistan’s digital landscape post-Covid

What do YOU know about Malware?

So you think you know your malware? Here's a quick refresher from Roger A. Grimes at CSO Online to make sure you know what you're talking about — with basic advice for finding and removing malware when you've been hit. 

Read it here - 9 types of malware and how to recognize them