ABA and several other financial trade groups today urged the House Energy and Commerce Committee to advance legislation with the Financial Services Committee that would set strong data security standards and data breach notification requirements.
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The Treasury Department today issued a long-awaited report recommending changes to laws and regulations affecting nonbank financial providers and the broader fintech environment.
As banks continue to assess their risks related to the European Union’s General Data Protection Regulation, which came into effect on May 25, ABA has released a new round of members-only resources to help.
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.
California Gov. Jerry Brown yesterday signed a bill creating new data privacy requirements for businesses that handle consumer data in the state.
Cyber threats and data breaches aren’t letting up. Cyber insurance can be an important part of your response plan.
Rep. Blaine Luetkemeyer (R-Mo.) today pledged that “we’re going to work hard to make sure [the S. 2155 regulatory reform measure] gets through” the House “as quickly as possible.”
In a statement for the record of a House Financial Services subcommittee hearing on data security today, ABA outlined several guiding principles for protecting consumer data from data breaches and online cyberattacks.