Cybersecurity

New York Finalizes Cybersecurity Rules

The New York Department of Financial Services today issued final regulations that will require NY chartered banks and affiliates to establish and maintain a cybersecurity program as part of an ongoing effort to protect consumers and the state’s financial system from cybercrime.

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FDIC Watchdog Highlights Gaps in Banks’ Vendor Contracts

Few banks’ contracts with technology service providers (TSPs) provide sufficient detail about the providers’ business continuity and incident response capabilities and duties, according to a report issued today by the FDIC’s independent inspector general.

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ABA Endorses Easy Solutions’ Anti-Phishing Platform

ABA, through its Corporation for American Banking subsidiary, has endorsed the digital threat protection suite provided by Miami-based Easy Solutions, which includes anti-phishing monitoring and takedown services, as well as other brand protection services.

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ABA Releases New Infographic on EMV Transition

To help bankers educate lawmakers, customers and the public about the growing security benefits of the switch to EMV chip technology in cards, ABA is today releasing a new infographic showing that consumers are “unquestionably safer” than before EMV’s widespread adoption.

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OCC Focusing on Sales Oversight at Large Banks

In the wake of the scandal over fake accounts created at Wells Fargo, the OCC has added a strong emphasis on governance of sales practices to its risk supervision for large banks, according to the agency’s Semiannual Risk Perspective released today.

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