Tag Archives: cybersecurity

Keating Op-Ed: Retailers Should Focus on Protecting Data

Retailers need to focus on protecting their customers’ data before it gets breached, ABA President and CEO Frank Keating said in an op-ed published today in The Hill. “Unfortunately, some retail trade groups have chosen to fixate on mandating PINs, a static technology that only addresses a small and steadily declining share of fraud, rather than addressing what caused the ...

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Trade Groups Weigh In on CISA Amendments

ABA, the Financial Services Roundtable and SIFMA sent a joint letter to Senate leaders today urging passage of the Cybersecurity Information Sharing Act and defeat of any amendments that would undermine the legislation’s goals. The groups specifically flagged as problematic amendments that would remove protections from public disclosure for information shared under CISA, create ambiguities in the definition of what ...

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A Conversation with the Comptroller

Frank Keating discusses top banking issues—from regulatory relief and cybersecurity to de novos and the future of the mutual charter—with Comptroller of the Currency Thomas Curry.

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Watchdog: Cybersecurity Remains Top Challenge for CFPB, Fed

Maintaining effective information security programs -- and overseeing cybersecurity at supervised institutions, in the case of the Fed -- remain top management challenges for the Consumer Financial Protection Bureau and the Federal Reserve Board, according to reports released today by the agencies’ inspector general.

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Report: Bankers Expect Rising Premiums for Cyber, FIB, Property Insurance

Results from ABA’s 2015 Bank Insurance Survey Report show that bankers expect most of their insurance premiums to remain the same or, in some cases, decrease for the next renewal cycle. Most banks saw estimated premiums rise for cybersecurity, property insurance and financial institution bond policies, among others.

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Free Resources Available for Cybersecurity Awareness Month

To mark National Cybersecurity Awareness Month in October, ABA has developed a number of free resources to help bankers promote consumer awareness about cybercrime. The campaign materials focus on how consumers can protect themselves, their small businesses, their identities, and their mobile devices online. The resources — available at aba.com/PRtools — include a social media toolkit to help banks communicate ...

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ABA Insurance Services Introduces New Cyber Policy and Resources

ABA Insurance Services, ABA’s endorsed insurance provider, today announced a new cyber liability and privacy insurance policy to help banks protect themselves against data breaches and related threats. Named Cyber Cover, the policy offers three core insuring agreements and six optional coverage components, with each piece designed to protect against a critical cyber or privacy exposure. The core policy includes ...

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ABA Urges Senate to Pass CISA

ABA yesterday urged Senate leaders to pass the Cybersecurity Information Sharing Act -- which may be brought to the Senate floor for a vote this week -- and to defeat any amendments offered that would undermine the legislation.

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