Cybersecurity

ABA Encourages Congressional Action on Botnet Legislation

Testifying before the Senate Judiciary Committee today on behalf of ABA, Citigroup’s Charles Blauner called on Congress to enhance the government’s ability to combat cyber threats posed by botnets used to distribute malware, ransomware or distributed denial of service attacks.

Read More »

ABA Applauds Proposed Botnet Legislation

ABA today thanked members of the Senate Judiciary Committee for introducing the Botnet Prevention Act of 2016 (S. 2391), which would enhance the Department of Justice’s efforts to combat cyber threats, including distributed denial of service and other botnet attacks.

Read More »

ABA Seeks Greater Clarity for Information Sharing Under CISA

In a joint letter to the Department of Homeland Security and the Department of Justice today, ABA and other financial trade associations called for more guidance to help their member organizations expand or enhance the sharing of cyber threat information under the framework created by the Cybersecurity Information Sharing Act.

Read More »

Social Engineering: The Art of Human Hacking

Each year, millions of dollars are lost to a type of fraud that’s particularly difficult to detect and stop, and it’s all based on a criminal’s ability to exploit a basic human characteristic: the tendency to trust.

Read More »

Visa Offers Free Tech to Speed Up Chip Card Readers

Visa today announced the launch of Quick Chip for EMV, a technology enhancement designed to speed up EMV card authorizations to two seconds or less and allow shoppers to dip and withdraw their cards instantly -- just as they do with magstripe cards.

Read More »

.bank: One Year Later

A year after the sunrise period began for .bank registrations, banks that have made the migration are seeing the benefits.

Read More »

Boston Fed President Highlights Cyber Risks, Fintech

It is unclear whether nonbank financial technology firms have fully captured the risks of economic downturns and cybersecurity breaches into their business model, Federal Reserve Bank of Boston President Eric Rosengren said in a speech today.

Read More »