Penny Crosman

Editor in Chief

Penny Crosman is Editor in Chief of Bank Technology News and Technology Editorof 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

Technical Glitches at Simple Show Digital Banks' Weakness
September 15, 2014 Customers of Simple, a unit of BBVA, have complained in recent weeks about delays and failures in scheduled payments,...

How Much Do Data Breaches Cost? Two Studies Attempt a Tally
September 11, 2014 To obtain approval and funding for security improvements, bank technologists have to make their case by pointing to losses...

A Tiny Bit of Solace for Banks in Home Depot Breach
September 9, 2014 Within the past 12 months, one large retailer after another has fallen victim to a massive data breach. But at least the...

How This Small Bank Kicks Cybercriminals Off Its Network
September 8, 2014 As cyberattacks against banks escalate with 93% of banks worldwide reporting they've been hit Bremer Bank in Minnesota...

How Banks Are Using Big Data to Set Deposit Rates
September 4, 2014 Worried that the Federal Reserve will start raising interest rates next year, many banks are reconsidering their strategies...

Mitek, USAA End Dispute Over Mobile Deposit Patents
September 4, 2014 USAA and Mitek Systems settled a two-and-a-half year-old dispute over who invented the technology for mobile check deposit,...

Are Cloud Services Safe? iCloud Breach Revives Debate
September 3, 2014 Storing sensitive material on the Internet makes it a target for hackers, but the password gaming that appears to have been...

iCloud Hack Underscores Risk to Banks When Employees Use Cloud
September 2, 2014 Although bankers are (hopefully) less likely to store compromising selfies in the cloud, the infiltration of celebrities'...

Hacker Attack on Banks Shows Need to Lock Down Employee PCs
August 28, 2014 A large cybertheft against JPMorgan Chase and other big New York banks is said to have started with a break-in on an...

Westpac Builds Digital Banking's High-Speed Rails
August 26, 2014 Westpac New Zealand is upgrading its data centers, security infrastructure and software development as it seeks to quickly...