Adopters of open banking can more effectively harden their security stance against future attacks, protect their data and customers with a holistic approach to API.
Browsing: Data security
Before issuing a proposed rule, the CFPB must convene a panel of small businesses that represent their markets to provide input.
Successful information sharing will reduce the time it takes to interdict, stop and report criminal activity, boost customer trust and protect a brand’s reputation.
VDPs open a communication channel to external cybersecurity researchers, while also encouraging current bank customers to participate in the feedback loop.
The banking sector is among the most prepared industries to combat fraud, corruption and illicit activity, according to a recent report.
Under pressure from Republican lawmakers to define what he meant by “junk fees”—a term coined by the bureau as part of a media campaign—CFPB Director Rohit Chopra would not offer any formal definition.
A majority of the nation’s small business owners—78%—say they are concerned about the threat of a Russian cyberattack in light of recent news coverage, according to new survey data released by Provident Bank.
The American Bankers Association today joined the Bank Policy Institute and the Securities Industry and Financial Markets Association in a comment letter to the National Institute of Standards and Technology offering feedback on the NIST’s draft report on cybersecurity considerations for open banking.
An interagency final rule is designed to improve the sharing of information about cyber incidents that may impact the nation’s banking system and requires banks to notify their primary federal regulator.
Effective cybersecurity practice means new focuses and a new culture for a digital age.