Data security

An alarming percentage of cyberattacks in 2024 exposed eight or more pieces of sensitive customer information, a notable increase in severity. Banks need to have both proactive and reactive strategies in place to protect customers.

To effectively reduce fraud, banks must transition to proactive, integrated strategies encompassing robust risk management and asset liability management.

Modeled after Energy Star, the Cyber Trust Mark will label smart devices that pass federal cybersecurity standards.

Financial institutions need to beware of advanced persistent threats and of the potential security shortcomings of their vendors, experts say.

2024 brought important issues front and center for bankers, ranging from the rise of artificial intelligence to the fall of banking-as-a-service.

The department was notified December 8 by third-party software provider BeyondTrust that a hacker had gained access through a tech support service.

Data breaches in 2024 exposed billions of records, impacting financial firms, banks and consumers alike.

The merger pairs the fintech's consumer lending platform with Gen Digital's identity-protection services, such as Norton, LifeLock and ReputationDefender.

The holiday season presents online shopping and charity scam risks, and this year presents a novel threat of AI-assisted fraud. Here's how banks are helping their customers avoid these schemes.

While it's true that the National Credit Union Administration needs the authority to regulate third-party vendors, credit unions themselves have considerable power to force vendors to observe best practices.