Data security

In this month's roundup of top banking news: a cease-and-desist issued by the Federal Reserve, high CFO turnover, the end of Chevron deference and more.

The bank has seen positive returns expanding its national branch network, but it is contending with fraudsters who are increasingly targeting branches.

In this edition of American Banker's news quiz, test yourself on the Synapse bankruptcy, the growth of alleged violations of the Fair Credit Reporting Act, Funding Circle's sale of U.S.-based assets and more.

The trade groups said Friday that a proposed rule from CISA would burden firms with overly broad reporting requirements as they scramble to respond to incidents.

Evolve Bank & Trust acknowledged the ransomware group published customer data from the bank, but the number of affected people remains unclear.

Ransomware group LockBit threatened on Sunday to publish the stolen data Tuesday evening. Ransomware experts said it was likely that the group was bluffing.

As more banks adopt cloud technology, paths to value become clearer.

Chinese and Russian hackers recently accessed government and company executives' email accounts, bringing scrutiny to the tech giant's security practices.

The threat actor Sp1d3r posted an ad for the stolen data on Wednesday. Truist said the October breach is not related to a campaign by the same criminal group.

Consumer Financial Protection Bureau Director Rohit Chopra touted the bureau's work on data privacy and open banking, and asked that lawmakers on both sides of the aisle pursue legislation to further consumer protections.