In a joint technical alert issued today, the Department of Homeland Security, Federal Bureau of Investigation and the United Kingdom’s National Cyber Security Centre warned of malicious Russian cyber activity targeting government and private-sector entities, critical infrastructure owners and operators and the internet service providers supporting these sectors.
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Agencies Issue Statement on Role of Cyber Insurance in Risk Management
As banks continue to face threats from cyber incidents, the Federal Financial Institutions Examination Council today issued a joint statement on how it views the role of cyber insurance in banks’ overall risk management strategies.
Read More »ABA Outlines Principles for Federal Data Protection, Breach Notification Standards
In a statement for the record of a House Financial Services subcommittee hearing on data security today, ABA outlined several guiding principles for protecting consumer data from data breaches and online cyberattacks.
Read More »Financial Trade Groups Write to House Leaders in Support of Data Breach Notification Bill
ABA and six other financial trade organizations wrote to House leaders today underscoring the need for businesses across all industries to be held to the same data protection and breach notification standards currently adhered to by regulated financial institutions.
Read More »GDPR: These Four Letters Could Spell a Compliance Headache for Smaller Banks
Breaking down the wide-reaching implications of Europe’s new data privacy regulation.
Read More »Report: Total Number of Fraud Victims Tops 16 Million
The number of fraud victims in the U.S. rose by eight percent in 2017 to total 16.7 million, according to new data released by Javelin Strategy & Research last week.
Read More »IRS Issues Warning about Tax Scam Targeting Preparers’ Data
With the 2018 tax filing season kicking off this week, the IRS today issued a warning about an emergent identity theft tax scam that targets tax preparers’ computers and, in some cases, involves depositing funds in victims’ bank accounts.
Read More »New Infographic Highlights Tips for Avoiding Online Dating Scams
A new infographic published by the ABA Foundation and the Federal Trade Commission alerts consumers to the growing threat of online data scams and provides tips for how they can protect themselves.
Read More »ABA Report: Banks Stopped Nearly $17 Billion in Fraud Attempts in 2016
The nation’s banks stopped nearly $17 billion in fraudulent transactions in 2016 -- a figure that represents a substantial increase since 2014 in attempted fraud, when the industry stopped $11 billion -- according to ABA’s 2017 Deposit Account Fraud Survey Report released today.
Read More »Banks Say Risk Management is An Area of Increasing Concern
New regulations and recent data breaches have elevated banks’ concerns about risk management, according to the Regulatory and Risk Management study by Wolters Kluwer released today.
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