House Republicans propose whole-of-ecosystem approach to combat fraud, scams
Republicans on the House Financial Services Committee published a report calling for a coordinated national strategy to combat financial fraud...
Cybersecurity
ABA offers improvements for FSB’s ‘sound practices’ in AI adoption
The Financial Stability Board’s draft list of 12 recommendations to guide the adoption of artificial intelligence by financial institutions is...
Banking agencies promise new approach for handling sensitive information
The Federal Reserve, FDIC and OCC announced a “coordinated approach” for handling sensitive information used in bank examinations, including a...
White House announces cybersecurity clearinghouse for software patches
The White House has announced a cybersecurity “clearinghouse” that would coordinate scanning for software vulnerabilities and the distribution of vulnerability...
ABA, BPI support proposed process to create drone no-fly zones
In a joint letter to the FAA, ABA and BPI said that unauthorized unmanned aircraft activity near financial institution sites...
Survey: Most banks experienced recent rise in cyberattacks
A majority of U.S. bank executives said they have seen an increase in the number of cyberattacks on their institutions...
‘Five Eyes’ nations warn AI cybersecurity threats only months out
Organizations have only months to prepare for the cybersecurity challenges posed by new artificial intelligence models, making cyber resilience “integral...
White House directs agencies, contractors to protect systems from quantum computing
Government agencies and contractors would be required to take steps to protect their systems from threats posed by quantum computers...
Report: Software vulnerabilities become top vector for data breaches
Exploitation of software vulnerabilities has become the most common initial access vector for data breaches, according to the most recent...
With AI threats, CISA offers agencies guidelines for patching software vulnerabilities
CISA released a new framework for federal civilian agencies in determining how quickly to patch software vulnerabilities, noting that artificial...
