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.
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.
In a year that saw passage of a major regulatory reform law, U.S. financial institutions’ anxiety levels over compliance obligations eased significantly, according to a survey released this morning by Wolters Kluwer.
In an era of frequent data breaches and growing concern over technology companies’ use of consumer data, nearly three-quarters of Americans said they are more concerned about their data privacy than they were a year before, according to a survey conducted by software company SAS.
How to blend the basics of fighting fraud with new tactics, capabilities and processes to keep pace with digital payments.
Marriott today revealed a massive breach of personal information — possibly including payment card data — for up to 500 million guests who made reservations at hotels in the Starwood chain, which Marriott acquired in 2016.
A free survey helps bank leaders determine the potential effects of a cyber event at their institution.
Noting that economic indicators are exceptionally positive, the Treasury’s Office of Financial Research flagged market risk, credit risk and cybersecurity as high or moderate concerns in its annual financial stability report today.
The American Bankers Association yesterday joined the Bank Policy Institute and the Securities Industry and Financial Markets Association in offering feedback on the National Telecommunications Information Administration’s plan to develop a federal consumer data privacy framework.
As the Treasury Department renewed economic sanctions against the Iranian regime today, the Federal Financial Institutions Examination Council issued a joint statement alerting banks of potential effects on information technology and other operations.