Tag Archives: cybersecurity

OCC Flags Supervision Priorities for 2017

The OCC today released its bank supervision operating plan for fiscal year 2017, identifying what each of the agency’s supervisory operating units will focus on for the new federal fiscal year starting on Oct. 1.

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FSSCC Makes Recommendations to Presidential Cyber Commission

The American Bankers Association, in partnership with the Financial Services Sector Coordinating Council, offered five recommendations last week to the Commission on Enhancing National Cybersecurity aimed at mitigating the increasingly advanced threats related to cyber crime.

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FinCEN Issues Advisory on Email Compromise Fraud

With email compromise schemes -- in which criminals fraudulently persuade individuals and companies to transfer funds -- on the rise, the Financial Crimes Enforcement Network issued an advisory to financial institutions today to help them identify and prevent these frauds.

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Data Theft Damages: Who Pays?

When it comes to data breaches, the hack of the archaic Myspace—the failed social media platform that was rendered obsolete by Facebook—proves nothing is safe.

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FBI Issues Warning about Email Scams

The FBI yesterday issued a notification warning companies of the ongoing threat of business email compromise scams that caused losses of nearly $76 million between December 2015 and March 2016.

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Interagency Committee Holds Meeting on Cybersecurity

Members of the Financial and Banking Information Infrastructure Committee -- a group of representatives from 18 federal and state financial regulatory organizations -- met on Tuesday in Washington, D.C., to discuss cybersecurity policy issues in the financial sector.

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