Carter Pape

Trade groups representing banks and utilities urged lawmakers to reauthorize the CISA law before it expires in September.

The breach occurred through a vulnerability in third-party file transfer software, and it took weeks for the bank to discover it.

Google Cloud trails Amazon and Microsoft in market share and is looking to catch up by trying to be one of multiple providers that companies use.

The hires, meant to shore up a division that has not been as tech-forward as leadership would like, have included Morgan Stanley and J.P. Morgan veterans.

The card network said it saved would-be victims $350 million in the first year after it combined several crime-fighting units.

Both consumers and banks reported that the rate of fraud and scams has steadied, according to Fincen and FTC data, but the total cost continued rising.

The country's central bank cited geopolitical uncertainty and the increased reliance on digital payments as a reason to focus on offline payments as a backup. Also, a look at U.K. bank outages and other news in American Banker's global payments and fintech roundup.

A new order requires certain non-bank financial companies in certain ZIP codes to report transactions over $200, much lower than the previous $10,000 threshold.

The National Institute of Standards and Technology is standardizing a second encryption algorithm to bolster protections against quantum threats.

Lloyds Banking Group said its system reduces false security alerts by up to 92%, and AI developments could further improve its performance.