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Binance backing for Musk bid emboldens crypto visionaries' dreams of a 'decentralized' Twitter

Bitcoin exchange Binance's move to participate in Elon Musk's $44 billion takeover of Twitter could boost digital currency evangelists' hopes for the development of a more "decentralized," crypto-friendly social media platform. 

Binance plans to invest $500 million in equity funding as part of a $7 billion financing pledge to support the Tesla CEO's bid to buy Twitter. Oracle co-founder Larry Ellison and venture capital firm Sequoia are among the other investors involved.

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Agencies to Host Webinar on Cyber Security Notification Rule

The Federal Reserve, FDIC and OCC will host a joint “Ask the Regulators” webinar on Thursday, April 28 at 1 p.m. CDT on the recently finalized computer security notification rule, which has a compliance deadline of May 1.

Webinar participants can email questions in advance to [email protected], and questions submitted prior to April 20 will receive priority for responses by panelists. The webinar will also be made available for future viewing. Register for the webinar.

CISA Tip of the Week: Social Engineering & Physical Security

The following tip was provided by our friend, Jim Edman, CISA Cybersecurity Advisor for South Dakota.

We spend a majority of time talking about the software and hardware vulnerabilities and related aspects of cybersecurity. It’s important that we remember the physical aspects also. Though we are a small state and considered by some to be somewhat geographically isolated, a critical aspect of cybersecurity continues to be the physical aspects. Reports surfaced this week of Russian nationals attempting to gain access to critical infrastructure facilities across the country. Recommendations for in-person and voice I/T support include:

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Podcast: Step-by-Step IT Transformation at a Community Bank

March is Women's History Month and the ABA has curated useful tools and tips for women in the banking industry. One item, a podcast with Pinkaj Klokkenga, Chief Technology Officer, Old Point National Bank. At a community bank with limited staff and resources, tech transformation is all about setting priorities. Klokkenga discusses how she is setting and advancing these priorities at her Hampton Roads area community bank. In the episode, Klokkenga discusses:

  • Her experience in IT and at the Federal Reserve Bank of Richmond before joining a community bank.
  • Early IT wins for Old Point National Bank in the COVID era, including online scheduling, ATM upgrades to be ITM-compatible and revamping online account opening.
  • How to identify the tech skillsets a community bank needs and rely on vendors for support.
  • How to balance responsibility for client solutions with the lines of business.
  • In a job-seeker’s market, the importance of offering top IT talent a range of engaging and creative work opportunities.

Click here to listen.