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
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.
Tips for ensuring cybersecurity vendor due diligence at your bank.
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.
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%.
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.
As account opening goes digital, fraudsters follow. It takes multilayered analysis of divergent data to keep up with them.
When a breach occurs, a bank’s compliance unit can be a valuable resource to help execute the incident response plan. Here’s how.
In a statement today, the Federal Financial Institutions Examination Council highlighted a number of available standardized tools institutions can take advantage of to assess and improve their level of cybersecurity preparedness.
With several providers now offering security ratings—also known as risk scores or risk ratings—as a way to measure an organization’s level of cybersecurity, a new white paper by the American Bankers Association examines the pros and cons of these ratings systems and how they should be used by financial institutions.