Data security

The bank’s clients now have a simpler alternative for logging in to treasury management and other commercial accounts, part an effort by bankers to offer business customers more convenient high-tech services that are still secure.

Credit unions and financial institutions are required to take steps to protect against cyberattacks, but small businesses that process payments are not doing enough to protect the security of the financial system, a credit union executive said Wednesday.

Verifone is checking into a breach of its computer network, reports security blogger Brian Krebs.

Issuers are using mobile technology to bolster plastic cards, adding new features and controls for consumers.

A broad range of industry players are panning an October proposal by bank regulators that would impose new cybersecurity requirements on big banks, arguing it will only slow them down.

Third party technology development from APIs and real-time digital payments are expanding, creating a new area of security risk.

USAA has granted development rights to some of its patented security technologies to Persistent Systems to create authentication and security-related products.

Firms including Betterment, Coinbase and TransferWise have told customers that despite a bug affecting the content delivery network Cloudflare, their data is safe.

Trustonic aims to monetize its services by supporting authentication methods such as biometrics, and managing tokens for high-value transactions,

Screen scraping has plenty of critics, but the alternatives, OAuth and APIs, have their share of detractors, too.