ABA anti-phishing campaign sees successful launch
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.
Browsing: Cybersecurity
ABA announces launch of third annual anti-phishing campaign
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.
One in 10 community banks planning to launch crypto services
Insights from the 2022 Federal Reserve/CSBS survey of community banks.
ABA, BPI urge FFIEC to embrace industry-developed Cyber Profile
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.
FDIC, FinCEN publish summary of recent digital identity proofing ‘tech sprint’
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.
OCC issues bulletin on video conferencing and data privacy
The OCC today issued a bulletin for community banks on the legal requirements for protecting non-public OCC information in video teleconferencing services.
Survey: Banks increase tech budgets to upgrade security
Eight in 10 U.S. bank board members and executives said that their banks had increased their technology budgets in 2022, with cybersecurity being a key area of investment, according to a new report.
Consumers cite security as top reason for choosing bank in poll
Security and fraud protection are replacing “low or no fees” as the top reasons why consumers choose a new bank, according to a new survey of bank customers by the analytics firm Verint.
CFPB guidance warns nonbank financial firms on data security
The Consumer Financial Protection Bureau published a circular today on how and when nonbank financial firms—such as fintech companies and credit reporting agencies—may be violating the Consumer Financial Protection Act with respect to data security.
OCCs Hsu gives banks high marks on mitigating cyber risk, but says there’s more to do
The financial services sector has done “a good job” so far of building cyber defenses and working with law enforcement and the regulatory community to guard against attacks, but there’s more work to be done, said Acting Comptroller of the Currency Michael J. Hsu today during remarks to financial services groups.