ABA Data Bank: Banks Most Trusted to Keep Data Safe
New ABA/Morning Consult survey data shows that consumers trust banks most to keep their personal information safe.
Browsing: Cybersecurity
Bonus Podcast: Cybersecurity Trends for 2020
According to a recent survey of community bankers, cybersecurity was the highest-rated risk concern, with over 96% of community bank CEOs reporting that they considered it an important or very important risk factor for their bank.
ABA, Trade Groups Provide Recommendations on NIST’s Draft Privacy Framework
The American Bankers Association joined the Bank Policy Institute and the Securities Industry and Financial Markets Association in a comment letter to the National Institute of Standards and Technology today offering feedback on the preliminary draft of NIST’s proposed privacy framework
ABA’s Benda Emphasizes Need for Collaboration on Cloud Security
Testifying before the House Financial Services Committee’s Task Force on Artificial Intelligence today, ABA SVP Paul Benda highlighted the ways banks are using cloud technology and urged greater collaboration to enhance cloud security and efficiency.
Cyber Complications for Vendor Risk Management
Tips for ensuring cybersecurity vendor due diligence at your bank.
Survey: Customers Want Cyber Education from Banks
More than 9 in 10 Americans are concerned about their security online, and 74% of consumers say they would be likely to participate in a cybersecurity education or awareness program if their bank offered it, according to a new survey conducted for bank technology firm CSI.
Study: Small Business Fraud on the Rise
Six in 10 lenders saw an increase in small and midsize business lending fraud over the past two years, according to a study from LexisNexis Risk Solutions, with an average increase of 7.3%.
FinCEN’s Blanco Warns on Account Takeover Risk from Fintech Aggregators
The Financial Crimes Enforcement Network is seeing “a high amount of fraud” enabled through synthetic identities and account takeovers via nonbank fintech platforms, FinCEN Director Kenneth Blanco said today at an identity protection event in Tampa, Fla.
New Account Fraud Creates Friction for Banks
As account opening goes digital, fraudsters follow. It takes multilayered analysis of divergent data to keep up with them.
What Compliance Needs to Know in the Event of a Security Breach
When a breach occurs, a bank’s compliance unit can be a valuable resource to help execute the incident response plan. Here’s how.