Fed’s Quarles Skeptical on Benefits of U.S. CBDC
Cautioning against “American susceptibility to boosterism and fear of missing out” leading to “occasionally impetuous, deluded crazes or fads,” Federal ...
Tag: Cybersecurity
Understanding the Biden Administration’s Cybersecurity Executive Order
New standards for vendors may ease banks’ due diligence responsibilities.
Biden Administration Calls for Private Sector Action to Combat Ransomware Attacks
With ransomware attacks on the rise, the Biden administration yesterday called on corporations to take several “highly impactful steps” to ...
What Banks Need to Know About Credential Stuffing and How to Stop It
Fighting credential stuffing requires planning and coordination across security, fraud, technology and customer experience teams.
Verizon Report: Accidental Internal Data Breaches on the Rise
Almost half of data breaches in the financial services industry during 2020—44%—were the result of mostly accidental actions taken by ...
Fed: Banks Demonstrated Financial, Operational Resilience During COVID-19
Throughout the COVID-19 crisis, “the benefits of a resilient banking system have been evident” as banks’ “strong capital and liquidity ...
Survey: Pandemic Spurs Interest in Opening Bank Accounts Online
The pandemic encouraged more people to consider opening a bank account online, according to a new FICO survey released today.
Department of Labor Issues Cybersecurity Guidance
The Department of Labor’s Employee Benefits Security Administration today issued long-anticipated guidance on cybersecurity and best practices for protecting retirement ...
ABA, Financial Groups Raise Concerns about Cyber Incident Notification Proposal
A new proposal by the federal banking agencies requiring that banks notify their primary regulator within 36 hours after developing ...
The New Digital Frontier Calls for Immediate Digital Cash Standards
New standards designed for the digital era would strengthen security, prevent fraud and finally give consumers more control over their ...
