A massive ransomware cyber attack spread around the world on Friday, affecting more than 230,000 computers in about 150 countries, according to news reports over the weekend.

President Trump today signed a long-awaited executive order directing federal agencies to increase their efforts to mitigate cyber risks.

In response to the ever-increasing threat of data breaches and cyber fraud, ABA today called on Congress to pursue national data protection standards for companies that handle consumers’ sensitive financial data.

Social engineering wire transfer scams cost U.S. businesses nearly $1.6 billion between October 2013 and December 2016, according to figures from the FBI’s Internet Crime Complaint Center yesterday.

A new cooperative initiative helps customers access their funds should their bank suffer a cyber attack.

Very few American consumers have a complete understanding of several consumer-focused cybersecurity concepts, a new Pew Research Center study found.

In a comment letter to the Federal Communications Commission today, ABA urged the FCC to preserve banks’ ability to advise their customers of data breaches, suspicious account activity, low account balances and other important information in a timely and efficient manner.

The Sheltered Harbor initiative -- an industry effort to improve sector-wide resilience in the face of a cyberattack -- this week launched its website, ShelteredHarbor.org.

In a comment letter today, the Financial Services Sector Coordinating Council -- of which ABA is an active member -- urged regulators to use a collaborative public-private sector dialogue to develop effective cybersecurity requirements.

The New York Department of Financial Services today issued final regulations that will require NY chartered banks and affiliates to establish and maintain a cybersecurity program as part of an ongoing effort to protect consumers and the state’s financial system from cybercrime.