Penny Crosman

Editor in Chief

Penny Crosman is Editor in Chief of Bank Technology News and Technology Editor of American Banker. She has had senior editorial roles at Bank Systems & Technology, Wall Street & Technology, Intelligent Enterprise and Network Magazine, among other titles.

Recent Stories From this Author

Survival Tips for Fintech Startups as the Herd Thins
May 3, 2016 Entrepreneurs and other financial-technology experts give some common-sense advice including: watch your pennies, live in the...

The $81M International Cyberheist — What Happened, How and What It Means
April 28, 2016 New details unearthed about how cybercriminals stole $81 million out of a Bangladesh Bank account at the Federal Reserve Bank...

Where Banks Are Most Vulnerable to Cyberattacks Now
April 26, 2016 Nearly half of bank data security incidents in 2015 involved compromised web applications, according to a closely watched...

Fintechs' Goals Are Changing, VCs' Appetite Is Not
April 21, 2016 Capital continues to flow freely into financial technology ventures, many of which are repositioning themselves as aspiring...

Why GozNym Is Worse for Banks than the Average Malware
April 19, 2016 A closer look at a strangely named piece of malicious software shows it makes crafty use of drive-by downloads and Web...

What Banks Can Learn from the FDIC Data Breach
April 14, 2016 The inadvertent downloading of thousands of consumer records to a thumb drive at the FDIC could happen anywhere. Here's a look...

What a Tech Startup's Pivots Say About Bitcoin's Future
April 12, 2016 The evolution of the bitcoin tech startup Snapcard provides clues to what's working, what's not in U.S. bitcoin adoption.

'If a Bank Did That, We'd Be Taken to the Woodshed'
April 7, 2016 Richard Hunt, the president and CEO of the Consumer Bankers Association, weighs in on recent moves by regulators to scrutinize...

Agile Development Is Reshaping Tech at Banks Like Chase and BBVA
April 5, 2016 Agile development, a method of writing software in small chunks with lots of user feedback, is a growing trend in banks....

How to Become Unphishable
March 31, 2016 Despite email filters and training programs, bank customers still click on fake emails and malicious links at an alarming...

Can an App Help People Weather a Financial Storm?
March 30, 2016 More than half of all U.S. households have suffered a "financial shock" in the past five years. Some say mobile apps could...

The Case for Knowledge-Based Authentication
March 24, 2016 Asking for static information like a mother's maiden name seems increasingly passé, since shared "secrets" can be stolen or...

Fintech Boot Camp Promises Tough Love for Fledgling Startups
March 22, 2016 Startupbootcamp's fintech accelerator in New York boasts an unusually large faculty of 225 mentors, trained to give candid...

Bank-Hacking Gang Dridex Ramps Up, Branches into Ransomware
March 17, 2016 Like any well-run business, the Dridex cybercrime gang is growing and diversifying. It's stepping up its efforts to break into...

What Are Real-Time Payments Worth?
March 15, 2016 The real-time, person-to-person payments service launched last week by U.S. Bank and Bank of America with clearXchange will...

N.Y. Fed Says Its Systems Weren’t Breached in $80 Million Cybertheft
March 10, 2016 As the Central Bank of Bangladesh threatens to sue the Federal Reserve Bank of New York over at least $80 million stolen from...

Banks Especially Must Beware of Tax Season Surge in Phishing Attacks
March 10, 2016 There are a lot of things banks can — and must — do to guard against the oldest trick in the cybercriminal book: deceptive...

IRS Data Breach Should Sound Eerily Familiar to Bankers
March 8, 2016 The tax agency's struggle to protect sensitive data mirrors banks' own, and its shortcomings can also be found at financial...

New Tech Tools Rebuild Human Bond Lost in Digital Banking
March 3, 2016 Wells Fargo and Tangerine Bank are among those trying new communications tools that bring human conversations back into the...

To Case the Joint, Press 1: Crooks Refocus on Bank Call Centers
March 1, 2016 With tighter security in the online and mobile channels, fraudsters are turning their attention to vulnerable contact centers,...