The Cyber Risk Institute—a coalition of financial institutions and trade associations including the American Bankers Association—has added an extension to its Cybersecurity Profile to address cloud security.
President Biden today reiterated the call for the private sector to remain vigilant against the threat of Russian cyberattacks targeting critical infrastructure entities, noting that “we need everyone to do their part.”
Since the start of the pandemic, banks have reported more sophisticated cyber attacks, said Lisa Arquette, associate director of the FDIC’s anti-money laundering and cyber fraud division at an industry event today.
A new proposal by the Securities and Exchange Commission today would create new requirements for public companies regarding the disclosure of cybersecurity incidents.
Cybersecurity and Infrastructure Security Agency Deputy Director Nitin Natarajan told bankers today at the American Bankers Association’s Washington Summit that the U.S. financial sector is not seeing any rise in cyberattacks from Russia, but urged bankers to report any suspicions of cyberattacks.
Financial counterterrorism expert discusses what Russia’s invasion of Ukraine and sanctions mean for U.S. banks.
The American Bankers Association today 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 offering feedback on the NIST’s draft report on cybersecurity considerations for open banking.
The crypto-asset market could reach a point where it presents a threat to global financial stability, according to a new report released today by the Basel, Switzerland-based Financial Stability Board.
Small and midsize business lending fraud in the U.S. increased 6.9% in 2021 from a year earlier, according to a recent study from LexisNexis Risk Solutions.
In a statement for the record shared ahead of a House Financial Services subcommittee hearing on stablecoins today, the American Bankers Association agreed with a recent report from the President’s Working Group on Financial Markets that action is “urgently needed” to address gaps in regulation of the stablecoin market.