Data security

Investigators found text messages, photos of cash and a conspirator wearing a diamond Truist logo ring while unraveling the $1 million fraud attempt.

Kunal Mehta, also known by the alias "Shrek," used shell companies and bulk cash drops to clean millions for a cybercrime ring that stole $263 million.

A "spike in unusual traffic" caused service degradation for the infrastructure giant, disrupting digital banking for customers.

The bank is adding trusted contacts, specialized teams and new tech against scams, but consumer advocates say reimbursement is the key missing piece.

The agreement, if approved by a federal judge, would end litigation over two distinct cybersecurity incidents in 2021 which affected over 2 million customers.

The Consumer Financial Protection Bureau has seen a rapid drop in the effectiveness of its cybersecurity program, according to a new report from the Fed's Office of Inspector General.

The U.K. bank's "Scam Intelligence" tool uses Google's Gemini to analyze images and texts for red flags, aiming to reduce losses from authorized push payment fraud.

The global financial services company is providing BaaS infrastructure to the digital asset branch of investment platform WisdomTree.

Banks should seize the opportunity to assert themselves as a key partner for consumers when it comes to verifying their identities across multiple platforms and services.

A think tank report details setbacks in U.S. cyber strategy, from shuttered partnerships and staff cuts to the expiration of key info-sharing laws.

The bank asks a federal court to toss claims from five certified classes, arguing victims have been paid and that fraudsters are included in the suit.

New guidance outlines specific due diligence and oversight steps banks must take, reinforcing that they are ultimately accountable for vendor failures.

Coordinated sanctions target two networks behind so-called pig butchering scams, human trafficking and money laundering for North Korean cybercrime groups.

During cybersecurity awareness month (October), financial institutions have ramped up education on phishing, fraud and cyber hygiene. Here's what they're saying.

A new survey finds that fraud losses have jumped significantly in the last year, with digital channels and check fraud posing the biggest threats.

New Federal Reserve research reveals that identity theft victims who use extended fraud alerts often see significant and lasting credit improvements.

The failure to reauthorize protections for information exchange under the Cybersecurity Information Sharing Act has created a dangerous gap in our protection against cyber criminals and hostile state actors.

A government shutdown and a single senator's hold prevented the renewal this week of a bipartisan law that helped banks and other firms defend against hackers.

The industry has developed materials for banks looking to promote anti-scam awareness and more resources for banks.

A major financial services industry group focused on cybersecurity highlighted the need for planning ahead of 2030 and 2035 deadlines.