Go Hack Yourself
As the scale of cyber breaches soars, banks are hiring their own specialty teams or contracting with vendors, all of whom have one mission: think like a constantly changing set of globally active bad actors.
Browsing: Cybersecurity
Verizon Report Highlights Financial Firms’ Attitudes Toward Mobile Security
As financial services companies increasingly use mobile technologies in their day-to-day operations, an overwhelming majority—92%—agree that organizations need to take mobile device security more seriously, according to a new survey from Verizon.
CEO Q&A: Positioning Regions for the Future
Regions Financial Corporation CEO John Turner discusses how the bank is positioning itself to thrive and grow in the future—with both talent and technology.
Losses from Romance Scams Increased in 2019, FTC Finds
Consumers lost $201 million to romance scams in 2019, an increase of nearly 40% from a year prior, according to new data from the Federal Trade Commission’s Consumer Sentinel Network.
Fed’s Powell: Financial System ‘Generally in a Good Place’
Federal Reserve Chairman Jerome Powell told House lawmakers today that the U.S. financial system is “strong, and has been materially strengthened since the financial crisis.”
Podcast: Beyond Stovepipes and Silos in Financial Crimes
For a long time, AML, cybersecurity and fraud prevention were seen as have-to-dos and cost centers, says Juan C. Zarate. “Today, management of financial crime risk is now a fundamental part of banking.”
FDIC, OCC Issue Joint Statement on Heightened Cybersecurity Risk
With the potential for cyberattacks against the U.S. rising as a result of geopolitical tensions, the FDIC and OCC yesterday issued a joint statement reminding financial institutions of the principles of sound cybersecurity risk management.
Podcast: A Continuous Cycle of Tech Investment at Regions Bank
As banking becomes ever more technology-driven, many banks are shifting from a mindset that puts big tech projects off to one side to one that embraces ongoing innovation, development and deployment. Regions Bank exemplifies the latter mindset.
What Risk Managers Need to Know about Cloud Migration
Shifting bank technology functions to the cloud has many benefits for banks—but managing the risks requires a different framework.
Amid Strong Conditions, OFR Flags Cyber Threats, Corporate Debt
The Treasury’s Office of Financial Research flagged corporate credit, market, macroeconomic and cyber risk as elevated concerns in its annual financial stability report today.