Two-thirds of consumers who use nonbank fintech apps are extremely concerned or very concerned about data privacy, according to a recent survey conducted for the Clearing House.
The American Bankers Association joined a number of insurance trade associations in a comment letter to the National Association of Insurance Commissioners providing feedback on the NAIC’s recently proposed insurance data security pre- and post-breach checklists.
Six steps to protect your bank’s data.
The average cost of a data breach globally — including a number of breach-related factors such as investigations and recovery, notifications and cost of lost business — was $3.86 million in 2018, according to a new study from Ponemon Institute and IBM Security.
To ensure that banks and regulators around the world can cooperate effectively on cybersecurity, the Basel, Switzerland-based Financial Stability Board today issued a proposed “cyber lexicon” to facilitate cross-border understanding and information sharing.
A report issued by the Departments of Commerce and Homeland Security today called for widespread collaboration between government and industry stakeholders to combat the growing threat of botnets and other automated, distributed cyber threats.
With the General Data Protection Regulation — the European Union’ new regulation governing the use of EU personal data — taking effect today, ABA has developed several resources bankers can use to help them approach compliance.