Compliance

The Consumer Financial Protection Bureau is increasingly brandishing a post-crisis tool allowing it to label activities "abusive," but whether financial services firms are closer to understanding the term is still up for debate.

The state has moved against the Embassy Suites hotel chain after one of its hotels was breached, affecting about 17 customers.

New software aims to help prevent wireless network hijacking, or "commjacking." But there are also steps banks can take on their own to protect employees and customers from this seldom-discussed but ever-present threat.

California officials are considering a wide range of options to regulate digital currencies such as Bitcoin.

MasterCard issuers had to cast at least 90% of their votes in favor of the Target settlement by May 20, and not enough did, the companies said. Banks and credit unions will fight for a better deal.

Carolina Bank's growth, and a corresponding increase in remote workers, drove the CEO and IT department to seek technology tightening access to its systems without making it harder for employees to log in.

The proposed $19 million settlement to cover financial institutions' losses from the Target data breach in 2013 has failed, and financial institutions believe public data security fears provide a strong hand in future talks.

Lawmakers on the Senate Banking Committee may still stand divided on regulatory reform, but Thursday's markup points to ongoing desire for a way forward.

Online payments are an unintended soft spot resulting from the EMV point of sale migration, creating an opening for security technology vendors to combat the emerging cybercrime threats.

If there was any question about the need for Congress to modernize our nation’s data-security laws, the recent settlement negotiation between Target and MasterCard should put all doubts to rest.