Data security

In order to compensate victims of the breach, Equifax is offering free credit monitoring services that include a mandatory arbitration clause, a measure Democrats were highlighting to lobby support for the CFPB's rule banning such clauses.

One lawsuit has already been filed against Equifax in the wake of its massive security failure. But that’s the just beginning of the consequences for the credit bureau and the Fis that use it.

One lawsuit has already been filed against Equifax in the wake of its massive security failure. But that’s the just beginning of the consequences for the credit bureau and the banks that use it.

It's not just Equifax that needs to worry. The incident can and should be a turning point for the financial services industry, a warning that it needs to end its reliance on static personal identifiers.

Equifax Inc., one of the three biggest credit-reporting companies, was struck by a cyberattack that left almost half the U.S. population at risk, placing it among the most intrusive security breaches in history. The stock fell the most in almost two decades.

Credit bureau says records of 143 million consumers were compromised; state agency penalizes Habib Bank for enabling terror financing.

Intruders accessed names, Social Security numbers, birth dates, addresses and driver’s license numbers in what could be one of the largest data intrusions.

The central bank said Wednesday that it will assess a range of options regarding its operational role in a modernized payment system, an issue that divides large and small banks.

The creators of Dash, a bitcoin rival whose price has increased nearly 3,400% in 2017, plan to entice thousands of white-hat hackers to inspect the project’s code for flaws.

The first compliance deadline fell last week for the state’s strict new regulation. Banks are struggling with certain elements, such as multifactor authentication.

The agency awarded grants in three areas: digital security, leadership development and technology aimed at enhancing a CU's capacity to serve the underserved.

The internet wasn't built to accommodate identity, which challenges initiatives to balance security with user efficiency.

Compliance is improving, but more than 40% of companies still have work to do, according to a new Verizon report.

Can the internet giants peek at bank data, or eavesdrop on conversations with customers, sent over their gadgets? Here are the facts and the fuzzy areas.

The National Institute of Standards and Technology is telling agencies and companies that collect or store data to change the way they have been protecting their networks — and its guidance is likely to soon spill over to financial services and payments.

All business categories are vulnerable to breaches, but hotels seem to attract the most attention.

Artificial intelligence is helping detect breaches the human eye can’t. But it also gives hackers an edge.

The commercial potential of internet-connected devices appears bound only by imagination and comfort. For security companies, there's a similar broad horizon as watches, refrigerators and other everyday items become tools for payments.

If tokenization can help us recapture liquidity not only for currencies, but by digitizing the value of all assets, time and work in a more flexible, fair exchange, that’s exciting, writes Jason English, vice president of protocol marketing for Sweetbridge.

An encrypted website and secure network aren’t very helpful when customers have been unknowingly routed to a criminal’s lookalike site, writes Simon Thorpe, director of product for Authy at Twilio.