Data security

Using compromised identities, fraudsters could simply skip security questions to obtain credit files loaded with sensitive information.

JPMorgan Chase Bank NA will have to face a lawsuit by a unit of the French maker of Ray-Ban glasses that claims the bank ignored suspicious transactions as cybercriminals drained $272 million from its New York bank account.

Phishing and ransomware attacks were among the deadliest for financial institutions in the past year.

Hacks of banks, credit unions and insurance companies compromised the data of millions of consumers, who filed a flurry of class actions in response.

The National Credit Union Administration can no longer examine third-party vendors and service providers. That leaves the industry vulnerable to cybercriminals and other bad actors.

Harris, who leads the New York State Department of Financial Services, will join the Financial Stability Oversight Council next year. She will replace Charles Cooper of Texas as the representative of state bank supervisors.

Banking companies are increasingly using application programming interfaces that transfer customer information to third-party money-management apps popular with consumers. But fraudsters are exploiting vulnerabilities in the technology to steal information.

Security researchers recently infiltrated a cybergang that stole account credentials with convincing, spoof websites. Could an ABA-endorsed solution help?

The security company OneSpan has launched a new line of such products for financial institutions. Some are skeptical that stand-alone authentication devices are necessary.