Financial institutions should include IP addresses and other cyber-derived information in the Suspicious Activity Reports they file, Financial Crimes Enforcement Network Director Jennifer Shasky Calvery said today at a cybersecurity forum in New York.
Seventy-five House Republicans and Democrats — including the chairmen of the committees on energy and commerce, financial services and science and technology — wrote to leaders of the congressional intelligence committees today opposing the controversial Section 407 of the Cybersecurity Information Sharing Act passed by the Senate.
The House Financial Services Committee today voted by a strong 46-9 margin to advance the bipartisan Data Security Act (H.R. 2205), which would establish a national data security and breach notification standard for financial institutions and retailers.
ABA sent letters to the House yesterday expressing its support for two bills the House Financial Services Committee is expected to vote on today.
The chip is key to the security of new EMV cards, ABA SVP Jess Sharp said in an American Banker op-ed yesterday rebutting claims that chips should always be paired with PINs instead of signatures for verification.
The House Financial Services Committee will meet tomorrow to consider several bills, including the ABA-advocated H.R. 2205, which would establish a national data security and breach notification standard for financial institutions and retailers and is part of ABA’s Agenda for America’s Hometown Banks.
According to documents filed today, Target has agreed to pay approximately $39.4 million to settle claims by card issuers over its 2013 data breach.
Stopping fraud is an enterprise-wide project that requires an enterprise-wide leader empowered to connect silos.
To help consumers make the most of new chip cards during the holiday shopping season and understand their security benefits, ABA has launched a new education campaign.
The FDIC today updated its suite of cybersecurity resources with additional online educational tools to help bank executives and directors address the growing threat of cyber crime.