Treasury Issues Ransomware Advisories as Part of Cybersecurity Awareness Month
The Treasury Department issued a pair of advisories today as part of Cybersecurity Awareness Month, to help combat ransomware as attacks increase.
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ABA Launches National Anti-Phishing Campaign with 1,500 Bank Partners
The American Bankers Association, together with nearly 1,500 banks serving the vast majority of retail bank customers in the U.S., today launched a first-of-its kind, industry-wide campaign to educate consumers about the persistent threat of phishing scams.
ABA Vice Chairman Warns of Growing Phishing ‘Crisis,’ Previews New ABA Campaign
With the Federal Trade Commission estimating that American’s lost $1.48 billion to phishing scams in 2018, ABA Vice Chairman Scott Anderson, president and CEO of Zions Bank, urged consumers to be vigilant and protect themselves when browsing online.
OCC Official: Banks Need ‘All-Hazards Approach’ to Operational Resilience Plans
The coronavirus pandemic response has demonstrated the need for banks to take an “all-hazards approach” when designing a comprehensive operational resilience framework, said Kevin Greenfield, the OCC’s deputy comptroller for operational risk policy during the ABA Risk and Compliance Virtual Conference today.
FinCEN Warns of COVID-19-Related Cyber Fraud
The Financial Crimes Enforcement Network issued an advisory alerting financial institutions to several types of cybercrime and cyber-enabled crime connected to the coronavirus pandemic.
FinCEN Alerts Banks to Virtual Currency Scam Involving Twitter Accounts
The Financial Crimes Enforcement Network today warned financial institutions about a recent high-profile scam through which fraudsters exploit prominent Twitter accounts to solicit virtual currency payments from victims.
CFTC Supports Industry-Developed Cybersecurity Profile
The Commodity Futures Trading Commission today highlighted a number of available standardized tools that derivatives markets, clearing organizations and swap data repositories could use to assess and improve their level of cybersecurity preparedness.
How Privacy-Enhanced Technologies Can Make Financial Crime Compliance More Effective
Financial institutions will need to break out of old paradigms and adopt improved information sharing strategies that enable more efficient criminal investigations.
FinCEN: Fraud Schemes Pegged to Remote Environments, Pandemic News
Financial Crimes Enforcement Network Director Kenneth Blanco today outlined several coronavirus-related trends FinCEN is seeing in cyber crime.
Emerging Vectors for Payments Fraud
With EMV card deployment reducing fraud at the point of sale, cyber-criminal schemes are targeting email, mobile devices and other channels.