How regulators expect banks to handle the Equifax breach from a third-party risk management perspective.
Browsing: Data breaches
As the House Financial Services Committee today held a hearing on data security, the American Bankers Association and six financial trade associations wrote to lawmakers calling for a national data security and breach notification standard.
As the fallout continues from the Equifax data breach, Rep. Patrick McHenry (R-N.C.) yesterday introduced a bill making several changes to federal regulation of “large consumer reporting agencies” like Equifax, Experian and TransUnion.
On the inaugural episode of the ABA Newsbytes Podcast, co-hosts Evan Sparks and Shaun Kern discuss the Equifaxtravaganza on Capitol Hill and the banking agencies’ first step toward simplifying the Basel III capital rules.
Equifax yesterday disclosed that data of an additional 2.5 million Americans was implicated in its recent data breach, bringing the total number of U.S. consumers affected to 145.5 million.
As part of the ongoing fallout from the Equifax data breach, ABA and the Financial Services Information Sharing and Analysis Center are hosting a free, ABA members-only webinar on how banks can mitigate fraud risks.
The Securities and Exchange Commission yesterday disclosed that its EDGAR system for filings and reports was hacked in 2016 and that hacked non-public data may have been used as a basis for insider trading.
With high-profile data breaches continuing to make headlines, the American Bankers Association has endorsed the data breach services offered by CyberScout to help banks stay a step ahead of the growing threat.
The Federal Trade Commission today confirmed that it has opened an investigation into the Equifax data breach disclosed last week.
As the Equifax data breach — which affected an estimated 143 million Americans — continues to dominate the headlines, ABA has made available several resources for member banks to use as they field inquiries from their customers and the press.