A global pandemic, a struggling economy and a new administration throw wrenches into risk managers plans for the year ahead.
A new proposed rule by the federal banking agencies would require banks to notify their primary regulator within 36 hours of becoming aware that a “computer-security incident” or “notification incident” has occurred.
A major cyberattack announced over the weekend on SolarWinds—a security vendor that serves a wide range of military, private companies, government agencies, and academic institutions—may have allowed hackers to gain access to the emails, systems and data of several of its clients, including the Treasury and Commerce Departments, among others.
During a session at the ABA/ABA Financial Crimes Enforcement Conference today, ABA announced its intent to partner with K2 Integrity, one of the preeminent global risk, compliance, investigations, and monitoring firms.
When asked about threats specifically targeting banks, Federal Bureau of Investigation Director Christopher Wray urged banks to be wary of “cyber criminals targeting the vulnerabilities in third-party services” as a way in to financial institution data.
Financial Crimes Enforcement Network Director Ken Blanco will join the keynote speaker lineup at the ABA/ABA Financial Crimes Enforcement Conference to be held virtually Dec. 8-10.
FBI Director Christopher Wray will join the keynote speaker lineup at the ABA/ABA Financial Crimes Enforcement Conference, to be held virtually Dec. 8-10.
The Cyber Risk Institute—a coalition of financial institutions and trade associations including ABA—has updated its Financial Services Cybersecurity Profile.
The response to the coronavirus pandemic continues to shape the risk environment for banks, according to the OCC’s Semiannual Risk Perspective released today.
The Federal Reserve, the OCC and the FDIC late Friday released an interagency paper outlining sound practices for strengthening operational resilience.