With projected economic growth expected to create a positive environment for bank performance in the remainder of 2021 and 2022, according to the OCC’s newly released Semiannual Risk Perspective, newly appointed Acting Comptroller Michael Hsu today said “it’s critical that bankers and their regulators guard against complacency.”
Fighting credential stuffing requires planning and coordination across security, fraud, technology and customer experience teams.
Almost half of data breaches in the financial services industry during 2020—44%—were the result of mostly accidental actions taken by internal actors, such as sending emails to the wrong people, which accounted for 55% of all error-based breaches, according to findings from Verizon’s latest global data breach investigations report.
Ransomware attacks are becoming more numerous, sophisticated and costly, especially during the COVID-19 pandemic.
The Department of Labor’s Employee Benefits Security Administration today issued long-anticipated guidance on cybersecurity and best practices for protecting retirement benefits.
A new proposal by the federal banking agencies requiring that banks notify their primary regulator within 36 hours after developing a good-faith belief of a “computer-security incident” or “notification” incident could impose a significant reporting burden, ABA and three other financial trades cautioned in a letter yesterday.
The Basel Committee on Banking Supervision today issued a pair of guidance documents to help banks manage operational resilience and risk.
Locking down the ecosystem—making the digital banking experience more secure—should be high on the list of goals for the future-is-now bank.
The American Bankers Association Foundation and the Federal Trade Commission today released a new infographic highlighting the problem of government imposter scams.