Compliance

A public-private group led by the Treasury issued the first two of six planned resources to help banks navigate the risks and opportunities of AI.

Bank employees are likely adopting the OpenClaw AI assistant on the sly to boost productivity, but the tool's deep integration exposes networks to cyber threats.

Data breach extortion group ShinyHunters used social engineering to steal customer names, addresses and phone numbers from the blockchain lender.

The card network is enabling organizations to monitor risk systems and receive grades and plans of action for improvement.

While "Q-Day" may be years away, experts warn hackers are already harvesting encrypted data to decrypt later, making the transition to new standards urgent.

Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.

Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.

As tokenization increasingly brings instant settlement to transactions, the liquidity buffer that batch settlement has provided for decades is going to shrink and then disappear. Banks will need to rethink liquidity management.

American Banker research finds that most institutions are still planning out adoption, but see new data sharing products as crucial tools for growth.

Supply chain attacks have doubled since 2021, with professional services firms increasingly acting as "stepping stones" to access bank data.