With cyber incidents continuing to pose a threat to the financial system, the Basel Committee on Banking Supervision called on banks to improve cyber threat resilience.
The award-winning #BanksNeverAskThat anti-phishing consumer education campaign is back with refreshed content for 2021.
With ransomware attacks increasingly targeting significant infrastructure providers, it’s critical for banks to be prepared.
The FBI recently released an alert warning that ransomware attacks targeting the food and agriculture sector are disrupting operations, causing financial losses and harmfully impacting the food supply chain.
As banks work to build cyber resilience and ensure business continuity by joining Sheltered Harbor—an industry-led initiative created to protect customers, financial institutions and public confidence in banks in the event of a cyberattack—core provider Jack Henry announced that it now offers SecurePoint, a Sheltered Harbor solution designed to provide end users with timely access to their account balances and funds should critical systems and traditional backups fail.
In a joint letter to Senate Intelligence Committee leaders today, ABA and two financial trade groups said that several provisions in the Cyber Incident Notification Act of 2021 conflict with cybersecurity requirements already in place for financial institutions.
The Federal Financial Institutions Examination Council today issued a guidance for financial institutions on effective authentication and access risk management principles for digital banking services.
The American Bankers Association today released a report on cryptocurrency for bankers that discusses its origins, uses, technological underpinnings and the industry surrounding it.
The Federal Financial Institutions Examination Council today issued a new booklet providing guidance to help examiners assess the risk profile and adequacy of an entity’s information technology architecture, infrastructure, and operations.
Cautioning against “American susceptibility to boosterism and fear of missing out” leading to “occasionally impetuous, deluded crazes or fads,” Federal Reserve Vice Chairman for Supervision today raised several concerns about the purported benefits and “considerable risks” of developing a U.S. central bank digital currency.