Verizon report: cyber incidents, breaches driven by external actors
A majority of data breaches during 2021—73%—were perpetrated by external actors, according to findings from Verizon’s latest global data breach ...
Tag: Data breaches
Banking groups call for changes to SEC cyber incident reporting proposal
ABA and a coalition of financial services groups today called for extensive changes to a proposal by the Securities and ...
Provident Bank survey: Small businesses bracing for Russian cyberattacks
A majority of the nation’s small business owners—78%—say they are concerned about the threat of a Russian cyberattack in light ...
What Banks Need to Know About New Data Breach Notification Requirements
An interagency final rule is designed to improve the sharing of information about cyber incidents that may impact the nation’s ...
Agencies Finalize Rule Regarding Notification of Cyber Attacks
The federal banking agencies today finalized a rule requiring banks to notify their primary regulator within 36 hours of becoming ...
ABA, Trade Groups Raise Concerns about Cybersecurity Reporting Legislation
In a joint letter to Senate Intelligence Committee leaders today, ABA and two financial trade groups said that several provisions ...
Understanding the Biden Administration’s Cybersecurity Executive Order
New standards for vendors may ease banks’ due diligence responsibilities.
Verizon Report: Accidental Internal Data Breaches on the Rise
Almost half of data breaches in the financial services industry during 2020—44%—were the result of mostly accidental actions taken by ...
ABA, Financial Groups Raise Concerns about Cyber Incident Notification Proposal
A new proposal by the federal banking agencies requiring that banks notify their primary regulator within 36 hours after developing ...
ABA Files Amicus Brief in Support of Visa Merchant Data Breach Compensation Program
The American Bankers Association yesterday filed an amicus brief in the Texas state court case of Visa v. Sally Beauty ...
