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A recent campaign targeting Quickbooks users claimed customers had their accounts suspended because of problems verifying their business information. It’s the latest example of scams that slither through multiple lines of defense.
June 7 -
The credit union’s members are disproportionately targeted by cybercrime. Password managers are critical to helping them protect themselves, said data security chief Mike Newborn.
June 3 -
Widespread sharing of financial and other data creates enormous privacy risks for consumers, many of whom have no real understanding of the danger.
June 1 - AB - Policy & Regulation
Banking groups are concerned that their long-fought-for Office of Supervisory Appeals Committee was disbanded without public comment.
May 26 -
Researchers may now have more leeway in helping banks uncover vulnerabilities to their systems, but legal gray areas remain.
May 25 -
Several federal agencies have recently stepped up requirements on banks to notify regulators and the public when they fall victim to cybersecurity incidents.
May 19 -
A more active Consumer Financial Protection Bureau, competition from Big Tech and sanctions on Russia are combining to make compliance a much larger concern than in the past, according to legal experts who spoke at American Banker's Payments Forum.
May 19 - AB - Technology
The company, which enjoys a large market share as a data aggregator to fintechs and banks, is adding account onboarding, identity verification and fraud detection to the array of services it offers.
May 18 -
A clear, cross-agency regulatory framework is needed to help the industry embrace the promise of this new financial services paradigm.
May 16MX -
David Reilly oversaw cybersecurity efforts at the bank for years and has learned how employees with access to sensitive information can be flipped, conned or extorted into cooperating with hackers.
May 12