Browsing: Cybersecurity

Compliance

Responding to a request for feedback on consumer privacy legislation from Senate Banking Committee Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio), ABA today emphasized banks’ strong privacy and data security framework under the Gramm-Leach-Bliley Act and called for Congress to take an approach that ensures consistent privacy protections while promoting marketplace efficiency.

Cybersecurity

Sens. Mike Crapo (R-Idaho) and Sherrod Brown (D-Ohio) — the chairman and ranking member of the Senate Banking Committee, respectively — today asked for stakeholder feedback on how financial regulators and companies collect, use and protect sensitive consumer data.

ABA Banking Journal Podcast

Bankers today require a broader understanding of technology issues, especially cybersecurity, while also needing deep grounding in core leadership principles, says former bank executive and current business school teacher Greg Smith on the latest episode of the ABA Banking Journal Podcast.

Cybersecurity

As the National Institute of Standards and Technology works to develop a sector-wide privacy framework, ABA yesterday joined the Bank Policy Institute and SIFMA in a comment letter encouraging NIST to consider existing data privacy frameworks already in place for financial institutions and to work collaboratively with the private sector.

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