Data security

John Chiang says the bank “reeks of betrayal” a day before the bank’s annual meeting; the former chair of the CFTC has doubts about cryptocurrencies.

Dubai-based ride-hailing app Careem Networks FZ has revealed a cyber incident in January where hackers gained access to systems that hold customer and driver account data.

The agency's acting chief said hundreds of data breaches justified a halt on collecting information from firms, but experts question that logic.

With new data breaches becoming public on an almost routine basis, it’s no surprise that our findings revealed that consumers are starting to favor safety over speed and ease of checkout, writes Joseph Daly, COO of Paysafe Payment Processing in North America.

The bank faces June 15 AML compliance deadline; the features that make Zelle popular with customers entice thieves.

SunTrust let about eight weeks pass before telling the public that data tied to 1.5 million customers had been stolen.

The news of the data breach cast a shadow over relatively strong first-quarter earnings for the Atlanta bank.

PCI compliance can't solve all security problems. EMV, encryption are all necessary to protect merchants from data breaches, writes Jeff Zimmerman, COO of Clearent.

The firing happened in 2013 after the staffer gained access to emails from top executives and shared them outside the company, according to a news report.

It's too soon to tell whether a new button would replace Visa Checkout and Masterpass as brands. It's also unclear why consumers would choose another new payment option over the many options available today — such as PayPal.

WebAuthn could eventually mean passwords are replaced with fingerprints and facial recognition. But how hard will it be to implement?

The Senate is expected to pass a bill that would ax controversial guidance on loans at car dealerships; lower tax rate may have skewed year-on-year comparisons.

Whether due to costs, growing cyber threats or other factors, a growing number of credit unions are outsourcing an important C-level security role.

Whether the threat stems from technology or human nature, fraudsters are exploiting any opening they can.

Acting CFPB Director Mick Mulvaney took heat from Democrats on whether he planned to take the agency's consumer complaint portal private while responding to Republican fears that its data collection activities pose a data security risk.

Acting director wants agency run by a bipartisan body, not a lone director; Fed and OCC push for relaxing the supplementary leverage ratio at the biggest banks.

Even though a denial-of-service attack on an e-commerce site is not classified as a breach because data is usually not compromised, the 2018 Verizon Data Breach Investigations Report claims it is a growing menace to merchants who rely solely on their websites.

Mastercard and IBM have founded a company with a very narrow goal: to help organizations scramble their data to thwart hackers and comply with Europe's General Data Protection Regulation.

It remains to be seen whether Mark Zuckerberg’s testimony on Capitol Hill will prompt lawmakers to move forward on data privacy legislation. But it’s clear that the debate is just getting started — and that banks have a big stake.

With consumer privacy issues in the spotlight, Citibank is betting its app — as an offering from a trusted data partner — will be more appealing than those from unknown brands or companies that have less liability if security breaches occur.