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.
With fraud on the rise, banks explore strategies for enhancing their cybersecurity efforts.
An ABA Research Study
Cyber threats and data breaches aren’t letting up. Cyber insurance can be an important part of your response plan.