Treasury Department launches cybersecurity initiative for financial services
The Treasury Department has launched a new public-private partnership to provide what it said is a more comprehensive approach to...
Cybersecurity
White House announces new policy guiding infrastructure protection
President Biden signed a national security memorandum launching what the White House characterized as a comprehensive effort to protect U.S....
Preparing for the departure of an information security officer
It can become an opportunity to bolster security governance and refine cybersecurity practices.
Survey: Financial institutions losing millions to AI-powered fraud
Slightly more than half of financial institutions said in a recent survey that they had lost between $5 million and...
Banking sector, regulators announce joint effort to address AI risks
Banking industry and Treasury Department representatives came together at ABA's headquarters in Washington, D.C., to announce the next steps in...
Nefarious uses of deepfake tech
Criminals have introduced a new and disturbing wrinkle in today’s cybersecurity landscape.
Proposed bill would block large ransomware payments by financial institutions
A proposed House bill would require financial institutions to notify the Treasury Department before making a ransomware payment, as well...
Treasury: AI-fueled cyber threats bring new challenges
Deepfakes, the imperative of third-party risk management and global regulatory fragmentation are leading concerns.
OCC’s Hsu suggests requiring banks, AI companies to reimburse customers for fraud
A new U.K. regulation requiring banks to reimburse customers for losses resulting from push payment fraud “deserves greater discussion and...
Proposed rule to require reporting of cyberattacks, ransomware payments
The Cybersecurity and Infrastructure Security Agency announced a notice of proposed rulemaking to implement a 2022 law requiring financial institutions...
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