Data security

Scrambling to stop hackers from making away with stolen funds, the community involved in the cryptocurrency experiment Ethereum has voted to implement a major software change that would thwart the thieves and help the blockchain regain momentum.

Earlier this year, the Federal Deposit Insurance Corp. (FDIC) narrowly avoided disaster when sensitive information for 44,000 agency customers was stored without proper security measures…on a personal storage device.

Using methods akin to fighting external hacking can also address risks of employees committing legal or ethical lapses.

Lawmakers investigating a slate of cybersecurity breaches at the Federal Deposit Insurance Corp. have accused agency staff of purposefully muddying the waters in an effort to evade Congressional scrutiny.

As financial institutions dive into the newest channels to reach consumers and accept payments in every moment of their lives, they enter riskier scenarios that create a greater need for multi-factor authentication.

For three years, the Fast Identity Online Alliance has focused on replacing static passwords through stronger device authentication technology, with a long-term goal of translating those advancements into payment security as well.

Nearly half of U.S. consumers say they have been hit by credit card fraud within the last five years, and those breaches are becoming more commonplace, according to a survey released Tuesday.

Offering a new product or considering a merger may boost returns, but the Office of the Comptroller of the Currency says changes in strategy can be risky.

Big banks were seen as winners in the Trans-Pacific Partnership, but their support for the pact is in question as a result of their treatment in a data-related provision.

Wendy’s Co., which reported a payment-card hack earlier this year, said that the breach affected about 18 percent of its U.S. locations.