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.
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.
The Cybersecurity and Infrastructure Security Agency today issued a memo identifying individuals in various sectors deemed to be “essential critical infrastructure workers.”
Inside banks, a business transformation is underway. Having technology expertise on the board itself is rapidly becoming an imperative.
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.
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.
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.
Read more about the FTC’s findings View the FTC/ABA Foundation infographic
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.
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.”