cybersecurity

Navigating the Waters of DORA

A Deep Dive into the Digital Operational Resilience Act A digital transformation is currently taking place in the financial services industry, characterised by the enormous increase in data utilisation and the development of new technologies. On the other hand, this progress is accompanied by an increasing risk of cyber attacks, system vulnerabilities, and operational procedure […]

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Navigating the Complexities of FSI Security and Compliance in the Microsoft Cloud

Introduction Security and regulatory compliance are paramount for financial services institutions (FSIs) operating in the Microsoft Cloud. FSIs must ensure that their data and systems are protected from cyber threats and comply with the regulatory requirements imposed by various governing bodies. This is necessary because the reliance on technology is growing alarmingly, coinciding with the

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Harnessing Microsoft Defender for IoT: A Comprehensive Guide to Managing and Mitigating Risks in Banking

Downloadable PDF: IoT-and-related-systems-in-a-Bank-Risks-and-Controls.pdf Integration of Internet of Things (IoT), Operational Technology (OT), Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controllers (PLC), and Industrial Control Systems (ICS) is becoming more common in this age of digital transformation, which is causing a revolution in the banking industry. These technologies present opportunities for efficiency gains, improvements in

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Unleashing the Power of LLMs: Revolutionizing Cryptogram Solving with ChatGPT

Background A message on Twitter had a cryptogram posted on 21st November 2021, and on the 4th of June 2023, it was retweeted that it still needs to be solved. Cryptograms have captivated fans of puzzles for a long time by posing the difficult task of deciphering encoded messages using skills such as pattern recognition

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Azure Open AI and Banking: A Solution for AML and Risk Management

Introduction Artificial intelligence (AI) and cloud computing have emerged as essential drivers of innovation and transformation in the financial services industry in recent years. By utilizing these technologies, financial institutions can improve their risk management and fraud prevention capabilities while providing their customers with more personalized, efficient, and secure services. Implementing AI and cloud-based solutions,

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