ABA Data Bank: Banks Most Trusted to Keep Data Safe
New ABA/Morning Consult survey data shows that consumers trust banks most to keep their personal information safe.
Browsing: Data security
ABA, Trade Groups Provide Recommendations on NIST’s Draft Privacy Framework
The American Bankers Association 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 today offering feedback on the preliminary draft of NIST’s proposed privacy framework
How One Community Bank Is Reinventing CX for the Digital Age
From simplified 10-step online account openings, to value-added robo-advising, to “certified digital bankers,” OceanFirst Bank delivers a new community banking experience.
ABA’s Benda Emphasizes Need for Collaboration on Cloud Security
Testifying before the House Financial Services Committee’s Task Force on Artificial Intelligence today, ABA SVP Paul Benda highlighted the ways banks are using cloud technology and urged greater collaboration to enhance cloud security and efficiency.
Rep. McHenry Calls for Hearing on Cybersecurity, Data Protection
In a letter to House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) today, Ranking Member Patrick McHenry (R-N.C.) today called for a hearing on cybersecurity and data protection in the financial services sector in response to concerns raised by industry leaders and recent data breaches.
California Updates Its Privacy Policy
Analyzing the Gramm-Leach-Bliley exception in California’s new privacy law—and its implications for banks.
Trade Associations Weigh In on Changes to FTC’s Safeguards Rule
As the Federal Trading Commission considers making changes to its existing standards for safeguarding customer information, ABA last week joined two other industry groups in a comment letter urging the commission to harmonize the changes with existing data protection rules.
McWilliams: Bank-Made Small-Dollar Loans Critical for Financial Inclusion
The FDIC is actively looking for ways to enable banks to offer small-dollar loans, FDIC Chairman Jelena McWilliams said today at a Cato Institute event, drawing an important link between the availability of these products and financial inclusion.
Study: Consumers Increasingly Concerned with Data Security, Privacy
As consumers become increasingly concerned about privacy and data security, building trust with customers is paramount for successful companies, according to a new global survey from Verizon and Longitude.
Treasury’s Mnuchin Weighs In on Data Aggregation
During an FDIC conference in Arlington, Va., today, Treasury Secretary Steven Mnuchin offered his thoughts on consumers’ ability to share their financial data with third parties and data aggregators.