Biden issues executive order to strengthen government cybersecurity
President Biden issued an executive order directing government agencies to strengthen their cybersecurity, including taking steps that may benefit financial ...
Tag: Data security
Justice Department issues rule to protect bulk personal data from foreign actors
Routine financial activities are exempted from the rule, but for banks, it still may cover third-party vendors operating in countries ...
CISA releases cybersecurity goals for IT sector
While specific to IT, the goals provide software and product developers in all critical infrastructure sectors with minimum foundational practices ...
CFPB proposes new requirements for data brokers
The CFPB proposed a new rule to expand existing federal protections for consumer data to certain activities by data brokers.
CFPB urges states to reconsider exemptions for financial data in privacy laws
Several states have recently passed data privacy laws with exclusions for data collected by banks and other financial institutions, and ...
New York State issues guidance on AI-related cybersecurity risks to financial institutions
The New York State Department of Financial Services issued guidance for financial institutions on how artificial intelligence is changing cybersecurity ...
ABA backs FDX application to become open banking standard-setting body
ABA said that it supports an application by the Financial Data Exchange, or FDX, to become a recognized standard-setting body ...
New cryptography guidance outlines process for banks to strengthen IT security
A new whitepaper provides guidance for banks and other financial institutions to help secure their computer systems as new threats ...
G7 cybersecurity group urges financial institutions to prepare for quantum computing
With quantum computers likely to be much more powerful than today’s computers, financial institutions should prepare by developing an understanding ...
FFIEC to sunset cybersecurity assessment tool in 2025
FFIEC will sunset its voluntary cybersecurity assessment tool because several new government and industry resources are available for financial institutions ...
