Preparing for the departure of an information security officer
It can become an opportunity to bolster security governance and refine cybersecurity practices.
Cybersecurity
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...
Treasury Department releases report on AI risks in financial services sector
Financial institutions should expand and strengthen their risk management and cybersecurity practices to account for AI systems’ advanced and novel...
White paper: Financial institutions should refine their cybersecurity amid AI boom
Financial institutions should continuously refine their cybersecurity strategies to address threats from artificial intelligence, according to a new report.
