More Americans value fraud protection over customer service when choosing to open a new banking account, according to a new survey by analytics firm FICO.
Cyberattacks targeting financial service web applications and application programming interfaces, or APIs, grew by 354% in North America over the past year, according to new research by cloud services company Akamai.
The American Bankers Association and three financial industry trade groups on Monday called for the Cybersecurity and Infrastructure Security Agency to prioritize cyber incident reporting requirements that are accessible, functional and simple and to carefully weigh the type and volume of data collected so that it remains useful to prevent systemic vulnerabilities and combat bad actors.
The American Bankers Association and management consulting firm Oliver Wyman today released a new report that provides a framework for bankers to fight fraud by improving their customer identity management.
Citing the increased frequency and sophistication of cyber attacks, the Financial Stability Board today released a set of recommendations for standardizing cyber incident reporting among financial institutions and regulators.
Since its launch at ABA’s Annual Convention this week, ABA’s revamped #BanksNeverAskThat campaign website, banksneveraskthat.com, has received more than 61,000 page views.
As the industry observes Cybersecurity Awareness Month in October, ABA President and CEO Rob Nichols announced the launch of the third annual #BanksNeverAskThat campaign, the latest iteration of ABA’s award-winning campaign geared at educating consumers about the persistent threat of phishing scams.
Insights from the 2022 Federal Reserve/CSBS survey of community banks.
In a letter to the Federal Financial Institutions Examination Council earlier this month, ABA and the Bank Policy Institute offered feedback on the FFIEC Cybersecurity Assessment Tool, a voluntary tool developed in 2015 to help financial institutions assess their cyber risk and preparedness.
The FDIC and the Financial Crimes Enforcement Network today published key takeaways and solution summaries from a recent “tech sprint” to develop solutions for banks and regulators to help measure the effectiveness of digital identity proofing—the process used to collect, validate and verify information about a person.