In an newly created role, Deborah Guild, the bank’s current chief technology officer, will lead a revamped security unit.

Quickly keeping customers informed about an attack is among the principles banks must adopt to mitigate the fallout.

Data breaches at financial institutions dropped by 26% in 2016, but breaches as a whole were up significantly.

Facebook now lets users log in using a physical token. If banks gave consumers this option, it would strengthen the security of online accounts — or at least bolster their image.

The breaches at large retailers and other companies are continuing, making it time to fully embrace a new authentication method.

Lloyds Banking Group was hit by a cyber attack that disrupted online services for customers two weeks ago, a person with knowledge of the matter said.

Payment companies and other financial institutions were victimized less than health care, educational institutions and government agencies.

It should surprise no one that the cybersecurity rules regulators are drafting are simplistic and written in one size to fit all.

HSBC has formed an advisory board to guide it on fintech, cybersecurity and IT infrastructure issues.

Robins Financial recognizes trio of top employees, Numerica ramps up lending department and more CU professionals in the news.