In an era where technology is rapidly transforming industries, the banking and wealth management sector is witnessing significant shifts through the adoption of artificial intelligence (AI) tools. A study conducted by Avaloq, analyzing the perspectives of 300 wealth managers and 3,000 investors worldwide, sheds light on the growing acceptance and trust issues concerning AI in the wealth management domain. Findings
In a recent publication that has garnered significant attention, MITRE unveiled its Top 25 Most Dangerous Software Weaknesses ranking for the period between June 2023 and June 2024. This ranking is a vital resource for developers and security professionals seeking to prioritize and address the most critical software flaws in their systems. The latest list has placed Cross-site scripting, also
A sophisticated phishing campaign named "Gabagool" has recently been discovered, specifically targeting corporate and government employees by leveraging Cloudflare’s R2 storage service to host malicious content. Uncovered by the TRAC Labs team, this campaign cleverly exploits Cloudflare’s trusted reputation to evade most security filters. The phishing attack typically begins with compromised mailboxes sending seemingly harmless emails to other employees. These
Artificial intelligence (AI) is significantly transforming Identity Access Management (IAM) and identity security, introducing a new era of cybersecurity. This evolution is not only limited to managing human identities but also extends to autonomous systems, APIs, and connected devices, creating a comprehensive security ecosystem adept at responding to sophisticated cyber threats. By leveraging AI’s analytical prowess, IAM systems are now
The intricate and highly sophisticated cyber-espionage activities of TAG-110, a threat group linked with Russia, have become an imminent threat targeting Central Asia, East Asia, and Europe. This campaign, initiated to bolster Russia’s geopolitical ambitions, has focused primarily on sensitive entities such as government agencies, human rights organizations, and educational institutions. The operatives behind TAG-110 are believed to have been
As we look toward 2025, the landscape of smart contracts is set to transform various industries by automating complex processes and enhancing efficiency through the use of blockchain technology. These self-executing contracts are poised to eliminate the need for intermediaries, thereby increasing transparency, immutability, and trust among involved parties. The impact of smart contracts will be far-reaching, touching sectors ranging
In a rapidly changing financial landscape, CBAM, a leading UK specialist in investment management and financial planning, has taken a major step toward digital transformation by partnering with Objectway. This initiative aims to significantly enhance CBAM’s service offerings to establish itself as the premier destination for wealth management professionals and their clients. One of the key differentiators in choosing Objectway
The world of wealth management is constantly evolving, and the increasing interest in private equity investments is undeniable. Private equity consistently outperforms public equities, making it an attractive option for financial advisors aiming to enhance their portfolio strategies. To address this growing trend, iCapital, a leading fintech platform in the alternative investment marketplace, has introduced the iCapital Growth Model Portfolio.
The ever-evolving landscape of cybersecurity continuously presents new threats and challenges, forcing organizations to constantly stay on high alert and adapt their defenses. Recent developments have brought Palo Alto Networks’ Expedition migration tool into the spotlight, as the Cybersecurity and Infrastructure Security Agency (CISA) has raised alarm over the active exploitation of multiple critical vulnerabilities discovered within the tool. These
With the rapid advancement of technology, the process of identifying vulnerabilities in software systems has become increasingly crucial for maintaining cybersecurity. In a significant leap forward, Google’s AI-powered tool, OSS-Fuzz, has successfully pointed out 26 vulnerabilities in various open-source projects, including a medium-severity flaw in the widely-used OpenSSL cryptographic library. This achievement showcases the growing efficiency of AI in automated
OneChronos, a leading technology firm recognized for optimizing financial markets, has successfully secured a $32 million investment primarily led by Addition. This significant funding is aimed at bolstering OneChronos’ position within existing market segments while also facilitating its expansion into new, untapped segments. Renowned for managing Smart Markets that enhance institutional trade quality through advanced matching technology, OneChronos has seen
WiMi Hologram Cloud Inc., a prominent global provider of Hologram Augmented Reality technology, is focusing on developing specialized consensus algorithms for blockchain-based Internet of Things (IoT) applications. This significant initiative aims to overcome longstanding compatibility challenges between IoT devices and blockchain networks. Through this effort, WiMi aspires to achieve seamless integration and enhanced performance across various use cases. Advancing Consensus
