Compliance

There’s a new hacker group on the rise using banks’ Swift credentials to facilitate their cyberheists.

ATM operators have been down this road before, dealing with Mastercard's rules on EMV transactions occurring with the international Maestro debit cards as far back as 2013. But awareness and experience doesn't automatically translate to preparation.

In an age in which organizations such as Swift are subject to attack, traditional perimeter security defenses are no longer enough to stop attackers from getting into the system and stealing valuable information.

Birthday greetings from Facebook friends are far more dangerous than many consumers realize.

The credit union division at the Illinois Department of Financial and Professional Regulation (IDFPR) received certification of accreditation from the National Association of State Credit Union Supervisors (NASCUS).

Credit unions and banks already scrambling to comply with a number of different federal cybersecurity standards are raising concerns about a proposal from New York to layer on some additional state rules.

The regulations added in the wake of the financial crisis have made the system safer, but it's time to pause on new rules and find ways to improve what's been put in place already, according to the top executives at some of the largest banks.

Thomas Depping, who quit banking out of frustration with regulators five years ago, says Warburg Pincus' deep pockets will help him make Ascentium Capital a household name among small-business borrowers.

A bipartisan group of House lawmakers on the financial services panel introduced legislation Wednesday that would help banks remotely open accounts.

Mastercard has joined PayPal, Square, Stripe and a handful of banks offering “bug bounties” to volunteers willing to comb some of its websites in search of glitches.