Bank survey finds widespread cybersecurity concerns among small business owners
Eight-seven percent of small business owners believe a cyberattack could have severe financial consequences, with 84% believing it could damage...
Cybersecurity
State attorneys general express support for ATM crime bill
Fifteen state attorneys general urged Congress to pass legislation ensuring that robberies of off-site ATMs carry the same legal consequences...
ABA urges federal regulation of AI, level playing field for financial services
Congress should establish a nationally harmonized, risk-based framework for regulating artificial intelligence in the financial services sector, which would preempt...
White House announces new push to combat cybercrime, fraud
President Trump directed federal law enforcement to create a new program that partners with the private sector to target transnational...
BIS: Bad actors have financial edge in using AI for cyberattacks
While frontier artificial intelligence models strengthen both cyberattacks and cyber defense, the financial costs for both are “asymmetric” and may...
ABA, associations release best practices for sharing sensitive data with regulators
ABA joined other financial sector associations to release a guide for financial institutions in determining which data shared with federal...
House Republicans propose whole-of-ecosystem approach to combat fraud, scams
Republicans on the House Financial Services Committee published a report calling for a coordinated national strategy to combat financial fraud...
ABA offers improvements for FSB’s ‘sound practices’ in AI adoption
The Financial Stability Board’s draft list of 12 recommendations to guide the adoption of artificial intelligence by financial institutions is...
Banking agencies promise new approach for handling sensitive information
The Federal Reserve, FDIC and OCC announced a “coordinated approach” for handling sensitive information used in bank examinations, including a...
White House announces cybersecurity clearinghouse for software patches
The White House has announced a cybersecurity “clearinghouse” that would coordinate scanning for software vulnerabilities and the distribution of vulnerability...
