Cybersecurity

Fed: Debit Fraud Costs Jump 44 Percent in Two Years

Debit card-related fraud losses to merchants, cardholders and issuers rose from 2013 by 44 percent, reaching $2.41 billion in 2015, according to the Federal Reserve’s biennial survey of debit card issuers’ costs released today.

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OCC Discloses Data Breach

A former OCC employee downloaded at least 10,000 encrypted files onto two thumb drives, took them off the premises and has not returned them to the agency, the OCC said today in a notification to Congress of a “major information security incident” as required by federal law.

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Innovation in the Bank

Community bank leaders weigh in on how they handle technological changes and IT strategic planning while keeping focused on customer needs.

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