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Banks have been under siege for about a year. An in-depth look at the main types of attacks, the "bad actors" and their motivations, and what banks are doing about it.
October 7 -
DDoS attacks, ACH fraud, and account information theft are problems, but is it hyperbolic to talk about war cyber war?
October 7 -
Cybercrimes targeting small business online-banking customers don't make the news too often, but the damage they inflict is devastating for banks and clients.
October 7 -
It's no secret that most people would prefer not to have their personal information displayed openly online for all the world to see (with the exception of prolific Facebook users). A recent Pew Research Center survey shows most consumers know that they leave large digital footprints and they go to considerable trouble to avoid being observed on the web. For the project, 1,002 consumers were interviewed by phone.
October 7
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The 2.0 version, expected to launch next year, will provide more detailed responses based on more complex, humanlike thought processes.
2h ago -
The breach, which occurred earlier in November, did not directly impact customer operations, but a threat actor stole data meant for customers.
3h ago -
The North Carolina-based bank rolled out a multiyear program to provide loans, investments and philanthropic support to communities in the western part of the state.
3h ago -
Consumer Financial Protection Bureau Director Rohit Chopra said the FICO credit-scoring model has drawbacks in price, predictiveness and market competition, and stakeholders should develop a more open-sourced model that uses artificial intelligence.
4h ago -
Analysts say lenders' shares could rally on deregulation, lighter tax burdens and a resurgence of M&A. Declining interest rates and lower loan losses could further bolster bottom lines and attract investor interest.
5h ago -
The contract gives the nation's oldest bank access to more than $3 billion in deposits a month. Comerica, the current administrator, has received a three-year extension of service to help with the transfer.
6h ago