On April 26, Romanian law enforcement authorities reported the arrest of 25 suspects believed to be members of a sophisticated international gang of cybercriminals responsible for stealing more than $15 million from banks in Puerto Rico and Muscat, Oman.

Boiling down what really matters concerning cybersecurity is a tough but worthy exercise.

ABA is asking bankers to write their senators and representatives to enlist their support for several bipartisan bills introduced in recent weeks as part of ABA’s Agenda for America’s Hometown Banks: ​Data security. This alert urges senators to co-sponsor S. 921, which would strengthen data security standards for all players and recognize the high standards already employed by the banking ...

With a 355-63 vote, the House today passed the ABA-supported National Cybersecurity Protection Advancement Act (H.R. 1731), which would enhance cybersecurity threat information sharing.

By a strong 307-116 vote, the House yesterday passed the ABA-supported Protecting Cyber Networks Act (H.R. 1560), which would enhance cybersecurity threat information sharing.

The full House is expected to vote this week on a pair of ABA-supported bills designed to enhance cyber threat information sharing.

Sens. Roy Blunt (R-Mo.) and Tom Carper (D-Del.) yesterday introduced the Data Security Act (S. 961), which would require companies and agencies to better guard sensitive data, investigate breaches and notify consumers about compromised information.

Draft legislation on data security being considered by the House Energy and Commerce Committee falls short of adequate consumer protections, ABA and several other financial trade groups said in a letter yesterday.

ABA is strongly encouraging Congress to move ahead with bills that will enhance America’s cybersecurity.

​President Obama today issued an executive order that authorizes the Treasury Department to impose financial sanctions on foreign cyber attackers -- both individuals and corporate entities.