According to Accenture’s recently released 2015 Global Risk Management Study, nearly 9 in 10 financial services firms plan to increase their investment in risk-management capabilities in the next two years in response to emerging risks of cyber security and fraud.
ABA will hold a free webinar on preparing for the rollout of the .bank domain on Tuesday, May 26, from 1-2 p.m. EDT.
ABA and several other trade groups submitted a statement for the record of today’s House Financial Services Committee hearing on data security, emphasizing the shared responsibility that all participants in the payments system have for safeguarding customer data.
ABA played a lead role in securing higher post-data breach reimbursement levels for banks of banks of all sizes.
The Financial Services Information Sharing and Analysis Center today announced a strategic partnership with the recently formed Retail Cyber Information Sharing Center, an entity designed to improve retailers’ capabilities to track cyber threats and prevent and mitigate data breaches.
ABA’s newest grassroots alerts have resulted in more than 2,300 letters to members of Congress urging them to support or co-sponsor several bipartisan bills introduced as part of ABA’s Agenda for America’s Hometown Banks.
Cyber risks — in particular, the extent of contractual protections after a third-party breach — are bankers’ top risk concern, ABA VP Heather Wyson-Constantine said in a recent interview with BankInfoSecurity.
Reps. Randy Neugebauer (R-Texas) and John Carney (D-Del.) today introduced the bipartisan Data Security Act (H.R. 2205), which would establish a national data security and breach notification standard for financial institutions and retailers.