Report: Distributed denial-of-service attacks against financial sector increased in 2023
More than one-third of distributed denial-of-service attacks in 2023 were aimed at the financial services industry, which surpassed the video ...
Tag: Cybersecurity
NIST releases updated cybersecurity framework
The National Institute of Standards and Technology released version 2.0 of its Cybersecurity Framework, a guidance document for helping organizations ...
Looking ahead to new challenges for banks
ABA Banking Journal’s annual analyses target important issues across multiple topics.
Seven cybersecurity threats for banks in 2024—and some smart precautions
Cybercriminals are professionalizing and a new threat is on the rise.
Lawmakers seek answers about FDIC Tech Lab
In a letter to the FDIC, three members of the House Financial Services Committee expressed concern over what they said ...
ABA makes suggestions to NIST on generative AI governance
In a letter, ABA encouraged the National Institute of Standards and Technology to develop a complement to its existing AI ...
ABA: Fighting bank scammers requires a collaborative effort
Banks have been on the frontlines of innovation and deploying advanced capabilities to protect their customers, but the fight against ...
Generative artificial intelligence: Threat and solution for financial crime?
AI-generated messages and images can create realistic impersonations, which enable criminals to launch highly effective frauds at scale.
Regulators say banks responsible for ensuring AI complies with law
Any new technology utilized by a financial institution—including artificial intelligence—must be done so in a way that complies with existing ...
Fed’s Barr: Banks need to think beyond cyber defense
Cybersecurity preparedness has become increasingly important for banks but focusing on defense is not enough—banks must also develop and regularly ...
