Podcast: Red Flags for ‘Money Mule’ Scams
Amid the coronavirus pandemic, cybersecurity and fraud analysts have noted an uptick in “money mule” scams. Banks increasingly need to be on the lookout for the telltale signs of these scams.
Browsing: Cybersecurity
Amid Local Lockdowns, Treasury Issues Documentation for Bankers
With more localities implementing stay-at-home or shelter-in-place orders to combat the spread of COVID-19, the Treasury Department has issued documentation that essential financial services employees can carry to demonstrate that they must go to work.
CISA Designates Certain Financial Services Employees ‘Critical Infrastructure Workers’
The Cybersecurity and Infrastructure Security Agency today issued a memo identifying individuals in various sectors deemed to be “essential critical infrastructure workers.”
Board or Management? Tech Committee Trends
Inside banks, a business transformation is underway. Having technology expertise on the board itself is rapidly becoming an imperative.
Go Hack Yourself
As the scale of cyber breaches soars, banks are hiring their own specialty teams or contracting with vendors, all of whom have one mission: think like a constantly changing set of globally active bad actors.
CEO Q&A: Positioning Regions for the Future
Regions Financial Corporation CEO John Turner discusses how the bank is positioning itself to thrive and grow in the future—with both talent and technology.
More State Privacy Laws Are Coming. Are You and Your Vendors Prepared?
If you’re in one of the states considering legislation like the California Consumer Privacy Act, or something similar, here are three places to start.
ABA Data Bank: Losses from Romance Scams Increased 40% in 2019 to $201 Million
Read more about the FTC’s findings View the FTC/ABA Foundation infographic
Losses from Romance Scams Increased in 2019, FTC Finds
Consumers lost $201 million to romance scams in 2019, an increase of nearly 40% from a year prior, according to new data from the Federal Trade Commission’s Consumer Sentinel Network.
Podcast: Beyond Stovepipes and Silos in Financial Crimes
For a long time, AML, cybersecurity and fraud prevention were seen as have-to-dos and cost centers, says Juan C. Zarate. “Today, management of financial crime risk is now a fundamental part of banking.”