ABA’s Morgan: Security Is Top Priority in Customer Data Access
Security of customers’ data and financial accounts must always be the first consideration when considering how customers may provide third-party...
Cybersecurity
Fed: Debit Fraud Costs Jump 44 Percent in Two Years
Debit card-related fraud losses to merchants, cardholders and issuers rose from 2013 by 44 percent, reaching $2.41 billion in 2015,...
FS-ISAC Announces New Cyber Resilience Initiative
The Financial Services Information Sharing and Analysis Center today unveiled its “Sheltered Harbor” initiative -- an industry effort to improve...
Cordray Signals Openness to Banks’ Perspective on ‘Screen Scraping’
Consumer Financial Protection Bureau Director Richard Cordray today acknowledged that there are many unanswered questions about the security and technology...
CFPB Investigating Third-Party Access to Customer Data
The Consumer Financial Protection Bureau is today launching a formal inquiry into obstacles consumers face in accessing and sharing with...
Trades Call for Changes to New York’s Proposed Cyber Regs
In a joint letter with twelve other financial and insurance groups today, ABA raised concerns about a new set of...
U.K. Bank Freezes Online Transactions After Fraudulent Withdrawals
Tesco Bank today suspended online checking account transactions after a wave of fraudulent transactions over the weekend that reportedly affected...
OCC Discloses Data Breach
A former OCC employee downloaded at least 10,000 encrypted files onto two thumb drives, took them off the premises and...
Innovation in the Bank
Community bank leaders weigh in on how they handle technological changes and IT strategic planning while keeping focused on customer...
