Cyber security
Cyber security
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A director at Citizens Independent Bancorp in Logan, Ohio, resigned after members of management chastised him for an email security breach.
August 25 -
Federal financial regulators are incorporating lessons learned from the Swift hacks in their examinations, they told a lawmaker in a joint letter last week.
August 24 -
Eddie Bauer acknowledged that a data breach compromised credit cards used in its 350 stores during the first six and a half months of 2016.
August 19 -
The regional bank has consolidated all of its digital operations under a single leader. Find out what he thinks about customer expectations, bots, fintechs and the coming convergence of digital banking.
August 18 -
People hold up blockchain as the answer to many security issues, including Swift-related hacks and card-not-present fraud. But distributed ledgers have vulnerabilities, too.
August 18 -
Banks sharing cyberthreat data is not new. But more information-sharing groups are forming, and technology is improving, to advance the effort.
August 16 -
The federal government recently began to discourage companies from using SMS-based authentication in their two-factor authentication schemes. So do banks need to completely eliminate authentication via text message? Not entirely.
August 12 -
Banks have gotten better at detecting digital banking fraud, but the process of closing and reopening accounts is still a mess and that is what could send more customers packing.
August 11 -
The transactions look so ordinary that most banks' fraud filters aren't able to detect them. And the perpetrators aren't typical hackers they are middle-aged churchgoers who believe they are taking back what's rightfully theirs.
August 4 -
The situation turns on whether the CFTC inadvertently pushed Bitfinex to adopt a weaker security system than it had been using. However, the way the bitcoin exchange used the new system was significantly flawed, security experts said.
August 3 -
The cybersecurity climate is already an all-hands-on-deck situation, so one more threat even one prompted by one of America's loudest voices may not matter.
July 27 -
Now is the time to correct the mistakes of interchange price controls that harm consumers and community financial institutions to the benefit of merchants.
July 25 -
Banks typically respond to pending regulations with a mixture of fear and dread, but new cybersecurity requirements being developed by the banking agencies may be met with relief.
July 22 -
Directors and senior executives have a duty to inculcate risk culture into banks so that everyone works as a team to contain cyber and other risks, including the human vulnerabilities within.
July 22 -
The Office of the Comptroller of the Currency's recent guidance on internal messaging software could impose significant hardships on banks and runs contrary to prevailing guidance on cybersecurity.
July 21 -
Bank chief information security officers are increasing cybersecurity spending and focusing on mobile banking defense and regulators' cyber concerns, a SourceMedia Research survey finds.
July 19 -
Using methods akin to fighting external hacking can also address risks of employees committing legal or ethical lapses.
July 15 -
Lawmakers investigating a slate of cybersecurity breaches at the Federal Deposit Insurance Corp. have accused agency staff of purposefully muddying the waters in an effort to evade Congressional scrutiny.
July 13 -
Offering a new product or considering a merger may boost returns, but the Office of the Comptroller of the Currency says changes in strategy can be risky.
July 11 -
Big banks were seen as winners in the Trans-Pacific Partnership, but their support for the pact is in question as a result of their treatment in a data-related provision.
July 8








