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CrowdStrike incident has CIOs rethinking their cloud strategies

CIO

The widespread disruption caused by the recent CrowdStrike software glitch, which led to a global outage of Windows systems, has sent shockwaves through the IT community. Organizations and CISOs must review their cloud strategies, and the automatic updating of patches should be discouraged.

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Balancing innovation with value, cost, and practicality: The CIO’s guide to future proofing technology investments

CIO

Imagine navigating a rapidly changing landscape, where technology seems to evolve at the speed of light and the pressure to keep up is relentless — this is the reality for today’s CIO. Future proofing technology investments has become a critical imperative for organizations seeking to maintain their competitive edge.

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Steps CIOs should take to protect customer data in Nigeria’s open banking systems

CIO

Due to Nigeria’s fintech boom borne out of its open banking framework, the Central Bank of Nigeria (CBN) has published a much-awaited regulation draft to govern open banking procedures. For Emmanuel Morka, CIO at Access Bank Ghana, open banking is the future and enterprises should seize on the opportunity.

Banking 299
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SVB collapse forces African startups to rethink their banking options

TechCrunch

The collapse of Silicon Valley Bank (SVB) last week sent ripples in startup ecosystems around the world, and it is emerging that millions of dollars held by African startups and venture capital funds at the bank were at stake, until the U.S. Most of our funds are in various other banks in US & around the world. Nala, a U.K.-based

Banking 208
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Your IT infrastructure may be more outdated than you think

CIO

CEOs and CIOs appear to have conflicting views of the readiness of their organizations’ IT systems, with a large majority of chief executives worried about them being outdated, according to a report from IT services provider Kyndryl. But in conflict with CEO fears, 90% of IT leaders are confident their IT infrastructure is best in class.

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Cybersecurity Snapshot: Schools Suffer Heavy Downtime Losses Due To Ransomware, as Banks Grapple with AI Challenges

Tenable

Meanwhile, check out the AI-usage risks threatening banks’ cyber resilience. And get the latest on AI-system inventories, the APT29 nation-state attacker and digital identity security! The cost of ransomware downtime in schools gets pegged at $500K-plus per day. Plus, Uncle Sam is warning about a dangerous Iran-backed hacking group.

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Copilot: an indispensable tool for banking security teams

CIO

The threat to banks from cyber crime is becoming increasingly complex, as state actors and criminal gangs become more adept at targeting vulnerabilities. A report by the Bank for International Settlements singled out the growth of cloud-based services and remote working as two of the primary drivers behind the heightened risk.

Security 275