Compliance

The massive number of fraudulent bot attacks on the payments ecosystem and financial services is compounded by the fact that many current data protection tools are not designed to detect this automated crime network.

Fifth Third Bank customers were swindled out of over $100,000, but not because the bank didn't have protection in place.

The National Credit Union Administration is expected to approve its proposed 2019-2020 budget this week, while Congress holds several hearings of interest to CUs.

The Federal Reserve is paying close attention to how it might regulate artificial intelligence and machine learning, Fed Gov. Lael Brainard said in a speech Tuesday.

Motor vehicle agencies are better suited to vet customers’ identities than banks; Goldman unit is stealing customers from big U.K. banks.

Six months ago, the European Union’s General Data Protection Regulation, or GDPR, took effect, threatening companies worldwide with massive fines if they didn’t look after customer data properly. Fresh research suggests it’s making a difference in Europe -- but not so much for U.S. web users.

Top executives at Advance America acknowledged that anti-money-laundering concerns at banks were likely the cause of account terminations, even as they publicly blamed a stealth regulatory campaign.

Hotel and airline breaches have become far too common, according to Pravin Kothari, CEO of CipherCloud.

Social Security numbers are used to verify identity across the financial services industry, but their use is outdated and leaves consumers vulnerable to data breaches.

A split Congress starting in January will likely result in total legislative gridlock – which actually works both for and against credit unions.