Compliance

Chief Audit Officer Denise DeMaio will join Truist from MUFG, while Chief Information Security Officer Howard Whyte has experience at Boeing, Goldman Sachs and the FDIC.

Morgan Stanley agreed to pay $60 million to settle a class action suit by consumers claiming the firm failed to safeguard their personal information.

Banks have extra reason to be concerned by the news that a commonly used piece of software could be exploited by hackers.

Capital One Financial agreed to pay $190 million to settle a class action filed against it after a hacker broke into its cloud computing systems and stole their personal information.

Is Bitcoin at a "tipping point" and could it one day be the currency of choice for trade? The future for digital currencies can be bright, but there are still risks involved. In this session join Yan Zhao, President of NYDIG as she explores: (1) the overall discussion of how Bitcoin is experiencing wider adoption in the traditional finance world, and why that is; (2) Recent partnerships in the financial sector and how they've helped evolve the space; and (3) how and why organization are embedding Bitcoin in various financial services products like lending, payroll, banking, and investing.

Experts discuss the latest ways firms are defining their value propositions and evolving their customer communications, experience and support.

Research shows the number of fraudulent transactions and dollar amounts involved are soaring as merchants increasingly go digital. Credit card and other companies are expected to more than double what they invest in AI and other tech to fortify their systems.

Reps. Rashida Tlaib and Alexandria Ocasio-Cortez called on Treasury Secretary Janet Yellen and Fed Chair Jerome Powell to be more aggressive in using their oversight of the financial system to combat risks associated with a warming planet. Recent recommendations from the Financial Stability Oversight Council do not go far enough, they said.

Bankers were given a chance to weigh in on a new breach notification proposal, and federal regulators apparently took their comments to heart before issuing the final rule.

A new report finds that financial companies are the most targeted by fraudsters seeking to steal usernames and passwords. They're fighting back with specialized tracking technology, special domain names and other increasingly sophisticated techniques.