Sen. Crapo Previews Data Privacy Agenda for 116th Congress
Senate Banking Committee Chairman Mike Crapo (R-Idaho) today outlined the approach to data privacy and data security legislation he will continue to pursue during the 116th Congress.
Browsing: Cybersecurity
Podcast: Investing in Bank Leaders’ Development
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.
Associations Call for Broad Collaboration on Privacy
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.
Survey: Bankers’ Compliance Concerns Ease in 2018
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.
Survey: Data Privacy Growing as Concern; Banks Seen as Trusted
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.
Securing Real-Time Payments: Back to Risk Mitigation Basics
How to blend the basics of fighting fraud with new tactics, capabilities and processes to keep pace with digital payments.
Marriott Reveals Breach Affecting Up to 500 Million Guests
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.
Cybersecurity Efforts Get a Boost with New FSSCC profile
A free survey helps bank leaders determine the potential effects of a cyber event at their institution.
OFR Flags Market Risk, Leveraged Lending in Annual Report
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.
Associations: Existing Data Privacy Standards Should Inform Federal Privacy Framework
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.