With consumer losses from phishing scams in 2017 up 375 percent from two years prior, according to FBI data, the ABA Banking Journal Podcast marks National Consumer Protection Week with a bonus episode on phishing.
As phishing becomes a top cyber threat—with losses growing to nearly $30 million in 2017 from $8 million in 2015, according to the FBI—ABA and the Federal Trade Commission today released a new infographic highlighting this growing problem.
Sens. Mike Crapo (R-Idaho) and Sherrod Brown (D-Ohio) — the chairman and ranking member of the Senate Banking Committee, respectively — today asked for stakeholder feedback on how financial regulators and companies collect, use and protect sensitive consumer data.
Senate Banking Committee Chairman Mike Crapo (R-Idaho) today outlined the approach to data privacy and data security legislation he will continue to pursue during the 116th Congress.
Bankers today require a broader understanding of technology issues, especially cybersecurity, while also needing deep grounding in core leadership principles, says former bank executive and current business school teacher Greg Smith on the latest episode of the ABA Banking Journal Podcast.
As the National Institute of Standards and Technology works to develop a sector-wide privacy framework, ABA yesterday joined the Bank Policy Institute and SIFMA in a comment letter encouraging NIST to consider existing data privacy frameworks already in place for financial institutions and to work collaboratively with the private sector.
Risks to the U.S. financial system remain moderate, though factors outside the U.S. — including Brexit — could potentially threaten financial stability in the months ahead, the Financial Stability Oversight Council said today in its annual report.
In a year that saw passage of a major regulatory reform law, U.S. financial institutions’ anxiety levels over compliance obligations eased significantly, according to a survey released this morning by Wolters Kluwer.
In this episode, employment law attorney Steve Greene and ABA senior counsel Jonathan Thessin discuss operational and compliance considerations that banks may want to consider before offering or expanding telework options.