Data security

With the increased demand for heightened security and the increased costs, there will also be a growth in attacks from nation-state actors, writes Antwayne Ford, president and CEO of Enlightened.

In a long-standing tradition, Credit Union Journal asked IT professionals to share the new things they’d like to have to help them have a successful new year. From data centers to more staff, their technology wish lists will keep Santa plenty busy.

Seven trade associations — including those representing banks and credit unions — sent a joint letter to Congress outlining data security standards for entities that handle financial data.

Thousands of rank-and-file merchants are gaining access to validated point-to-point encryption (P2PE) for protection from malware within payment terminals, an attack vector that other popular security technologies might miss.

It was a bad year for the CEO of Equifax, the founder of a high-flying fintech and the regulatory agency bankers love to hate.

Key efforts for banks include developing AI applications, adding fintech allies and strengthening cyberdefenses.

The Federal Deposit Insurance Corp. approved a $2.09 billion budget for 2018, a 3% reduction from 2017, with cuts to receivership funding and nonpermanent staff.

Stolen payment card data is a bad investment. There's just far more stolen payment credentials available than the "market" will bear.

The U.S. blamed North Korea for the WannaCry ransomware attack that affected hundreds of thousands of computers globally this year.

A panel of experts says the credit union movement still has a lot to learn about stopping data breaches, but emerging technologies can help mitigate risk factors in the year ahead.