Cybersecurity will be the top risk priority for most community banks over the next 18 months, with operational risk and compliance risk also high priorities, according to the ABA Banking Risk and Compliance Management 2023 Outlook survey released this week.
A recent survey found consumers are happy with the banks’ digital security measures, although younger respondents believe financial institutions should do more.
Cybersecurity is the top risk priority in 2023 for most banks across the globe, although credit risk may grow in importance if economic conditions continue to deteriorate, according to a recent survey of chief risk officers.
‘One of the hardest parts of this rule is trying to understand where the balance is.’
More Americans value fraud protection over customer service when choosing to open a new banking account, according to a new survey by analytics firm FICO.
The networking infrastructure found in many banks is not built to handle remote workforces, multiple video meetings or online banking.
Cyberattacks targeting financial service web applications and application programming interfaces, or APIs, grew by 354% in North America over the past year, according to new research by cloud services company Akamai.
Something old, something new: In 2022, check fraud remains a focus of bank risk professionals, while instant P2P payments are an increasingly popular platform for scammers seeking to take advantage of consumers.
The American Bankers Association and management consulting firm Oliver Wyman today released a new report that provides a framework for bankers to fight fraud by improving their customer identity management.
The value of ransomware-related BSA filings in 2021 approached $1.2 billion—a 188% increase compared to the previous year.