Data security

The Treasury Department's chief AI officer said artificial intelligence can relieve the burden of mind-numbing activities such as anomaly detection and can spur employees to think more creatively.

Credit card company is seeking to secure online payments using tokens based on consumers' biometric information.

Mr. Cooper will be filing a motion to dismiss a data breach-related class action by Sept.13, documents show.

Texas Dow Employees Credit Union publicly acknowledged on Monday that it suffered a data breach in May of last year.

Shutting down Telegram could disrupt fraudsters targeting banks, according to experts. With charges against CEO Pavel Durov, the idea appears more than hypothetical.

Social Security numbers are a dime a dozen on the black market, so cybercriminals are going after bigger and more sophisticated databases.

Banks are concerned about the lack of clarity regarding legal liability in the Consumer Financial Protection Bureau's open banking rule, and fear that they will end up on the hook for data breaches or unauthorized transactions caused by a fintech or data provider.

Vice Chair for Supervision Michael Barr says generative AI could present financial-stability risks if certain models are used ubiquitously.

Even as quantum computers still can't break encryption, the banking industry has been preparing for more than a year to start switching to post-quantum cryptography.

While financial institutions continue to recover from the widespread tech disruption, executives are asking what effective fix-it plans might look like during future events.

Loandepot and Mr. Cooper said they've spent tens of millions of dollars this year following recent, major hacks.

The personal data collection company, which offers its database for background check and private investigation services, acknowledged the major breach.

The National Institute of Standards and Technology finalized long-awaited standards for encryption algorithms that can withstand quantum computers.

Automatic updates and data encryption have their advantages. As many CrowdStrike customers learned on July 19, they also have disadvantages.

The federal Project Fortress initiative provides defensive tools for banks. Community banking groups and regulators' associations say small banks in particular need the free and accessible help.

The cybersecurity company promised more rigorous tests for software updates after a widespread IT outage last month.

Project Fortress encompasses four initiatives Deputy Secretary Wally Adeyemo hopes will "improve the security and resilience of the financial services sector."

While the company is still analyzing the error that caused many Windows systems to crash, it said a logic error in a channel file was the cause. Here's what that means.

The Department of Housing and Urban Development and the Nationwide Multistate Licensing System also reportedly had disruptions.

Customer reports of technical issues with many U.S. banks have spiked as a buggy software update from CrowdStrike disrupts multiple sectors.