Data security

Roughly 680 customers were affected, none in the U.S. But the control that failed at Revolut is the legal intake queue every American bank runs.

Seven of eight offices are open; debit cards are capped at $1,000 a day; and the bank's website is down. The bank has given no restoration date.

Regulators want firms to spot where several critical functions ride on one provider, a question the department's earlier vendor guidance did not ask.

Researchers showed a message with no return address slips past Reject Direct Send. Credit unions were told to close this kind of gap in 2021.

IDScan.net removed the pages naming its bank and credit union integrations after KrebsOnSecurity traced 153 million license scans to the company.

The core provider says ShinyHunters' breach affected fewer than 10 financial institution clients.

Financial institutions were among 300-plus U.S. organizations robbed in a 2024 campaign.

Attackers are adding small banks and credit unions to their target lists, and a valid login is no longer proof the customer authorized the transfer.

Neuberger Berman launched a new junk-bond fund using tokenized securities, a process that has been the focus of crypto firm Securitize for more than a decade.

Executives at three regional banks that are participating in a tokenized-deposit network discussed how they are retooling their risk practices to fit always-on conditions.

Eight pleaded guilty in an $11-million scheme that changed or invented business registry records, then opened accounts as the payee at about 30 institutions.

The march toward tokenization of assets includes a storied Wall Street firm offering its latest fund on four distributed ledgers.

The New York State Department of Financial Services warned banks about a security vulnerability in IT software. Now it's acknowledged some companies it oversees were affected by it.

As community banks lean on third-party vendors to keep up with AI developments, executives say regulatory standards must be put in place to account for the increased risk they face.

Many banks can't say what software their IT provider runs. Only 58% of community and midsize banks even hold the right to audit that vendor, a survey found.

The company, which says it serves 93% of credit unions, expects most key processes to run by mid-August. Its status page still said "Investigating" Wednesday.

Santander's employee data was breached. Credit unions that were never breached are suing over the cards they had to reissue.

The Trump administration is currently reviewing a soon-to-be-released proposal on consumer financial data rights.

Big banks, including San Francisco-based Wells Fargo, are eager to defend themselves from the competitive threat posed by stablecoins, analysts say.

CISA's updated standard asks vendors for every component in their software, including borrowed code. Two researchers say today's tools can't produce it.