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Hacks of banks, credit unions and insurance companies compromised the data of millions of consumers, who filed a flurry of class actions in response.
December 22 -
Banking companies are increasingly using application programming interfaces that transfer customer information to third-party money-management apps popular with consumers. But fraudsters are exploiting vulnerabilities in the technology to steal information.
December 1 -
The increases may simply reflect better detection and reporting, but banks continue to facilitate large ransom payments to sanctioned individuals.
November 2 -
A board member of the National Credit Union Administration urges vigilance against threats that many institutions ignore at their peril.
October 19National Credit Union Administration -
The breach was quickly followed by fake text and app messages to customers that appeared to come from the challenger bank.
September 23 -
The state's disclosure laws generated data that indicated millions of consumers had their personal details potentially compromised.
August 24 -
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With global tensions rising over Ukraine, the cutthroat competitiveness of the U.S. financial sector is yielding to partnership over the conviction that a cyberattack against even a group of minor banks — or a third-party service provider — could imperil everyone in a highly connected system.
June 24 -
Financial losses stemming from sanctions and the threat of cyberattacks are just some of the major concerns from across the industry.
May 5 -
Whether state-sponsored or masterminded by a 16-year-old, data breaches have become a major cause for concern across the banking world.
April 28