Compliance

WASHINGTON — Despite over 1,000 letters reaching NCUA Wednesday morning, CUNA and NAFCU contend the risk-based capital rule comment period has been too short and may lead to a final rule that would negatively impact credit unions.

Jumio Inc. has formed the Bitcoin Identity Security Open Network (Bison) to enable its clients to share fraud trend data.

LifeLock Inc. left many of its customers "extremely frustrated" when it pulled its mobile wallet app off the market last week because of potential security gaps, but those customers understand it was the right thing for the company to do, CEO Todd Davis says.

About a half year after Target suffered a massive data breach, the retailer is still anticipating further financial hits.

eBay is asking all users to change their passwords following an attack on a database that contained encrypted passwords and other user data.

Data thieves are generating various revenue streams based on the type of consumer credentials they can compromise, a new security study says.

Visa Inc. has joined the FIDO (Fast Identity Online) Alliance's board of directors to help develop and deploy stronger online authentication standards.

Jumio is working with the European Bitcoin exchange Safello to provide faster verification of customers.

The NCUA is fully aware of credit unions' concerns about its proposed risk-based capital rule, including discretionary examiner authority to set capital standards and the rule's impact on some shops' business lending.

Visa Inc. and MasterCard Inc. have about six weeks to decide whether a new Russian law requiring them to pay hundreds of millions of dollars to operate in that country is worth the cost. For now, Visa's answer is nyet.