Compliance

Experts say that despite having a few suits thrown out, the matter won't be settled until the Department of Justice provides clarity. But there are steps CUs can take to protect themselves until then.

The National Credit Union Administration board approved two minor regulatory measures during its monthly open board meeting.

The National Credit Union Administration cited "unsafe, unsound practices" that led to the move to conserve the $4 million-asset institution.

With substantial regulatory relief within reach, community bankers should use their clout to shape cybersecurity policy and ensure a level playing field for banks and nonbanks, retiring ICBA chief Cam Fine says.

Internet searches for “Bitcoin” have plunged, suggesting public interest has, too.

The measure easily passes with a two-thirds majority; Wells Fargo CEO's pay up by a third, but no cash bonus.

Many of the same protections for mobile payments, such as tokenization and single-use keys, can come into play to protect in-car payments, according to Jim Carroll, chief technology officer at Mobica.

While there is a collective sense that data breaches are simply a side effect of our digital existence, there are real costs for the companies impacted. The ones that are hit the hardest are the ones that are least able to weather the fines, remediation costs and lost reputation.

A former senior executive at Equifax Inc. was criminally charged for allegedly selling almost $1 million worth of shares before the company’s announcement last year that it had suffered a massive data breach.

There is a growing need for professionals who install and support merchant payment systems to be aware of and trained on critical security controls, writes Mauro Lance, chief operating officer of the PCI Security Standards Council.