What Banks Need to Know About Credential Stuffing and How to Stop It
Fighting credential stuffing requires planning and coordination across security, fraud, technology and customer experience teams.
Cybersecurity
Verizon Report: Accidental Internal Data Breaches on the Rise
Almost half of data breaches in the financial services industry during 2020—44%—were the result of mostly accidental actions taken by...
How to Contend With a 21st Century Ransom Note
Ransomware attacks are becoming more numerous, sophisticated and costly, especially during the COVID-19 pandemic.
Department of Labor Issues Cybersecurity Guidance
The Department of Labor’s Employee Benefits Security Administration today issued long-anticipated guidance on cybersecurity and best practices for protecting retirement...
ABA, Financial Groups Raise Concerns about Cyber Incident Notification Proposal
A new proposal by the federal banking agencies requiring that banks notify their primary regulator within 36 hours after developing...
Basel Committee Issues Principles for Operational Resilience, Risk
The Basel Committee on Banking Supervision today issued a pair of guidance documents to help banks manage operational resilience and...
Ensuring the Security of the Digital Banking Experience
Locking down the ecosystem—making the digital banking experience more secure—should be high on the list of goals for the future-is-now...
ABA Foundation, FTC Release Infographic on Government Imposter Scams
The American Bankers Association Foundation and the Federal Trade Commission today released a new infographic highlighting the problem of government...
The Financial Fraud Epidemic
As the COVID-19 pandemic turns one, bankers and cyber experts reflect on the rapid rise of scams and fraud schemes...
Survey: Banks See Business Email Compromise as Biggest Threat
Scams involving business email compromise—through which fraudsters target businesses and their fund transfers— were flagged by banks as the greatest...
