Cyber security
Cyber security
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China has green-lit a sweeping and controversial law that may grant Beijing unprecedented access to foreign companies’ technology and hamstring their operations in the world’s second-largest economy.
November 7 -
Tesco Bank has confirmed that over the weekend, some of its customers' accounts were subject to online criminal activity, in some cases resulting in money being withdrawn fraudulently.
November 7 -
Ransomware attacks are on the rise, as cybethieves find other types of exploits less profitable and bitcoin helps them cover their tracks. Banks must strategize how to avoid becoming victims or, failing that, mitigate the damage.
November 3 -
If modified, the cybersecurity standards in New York State are a step in the right direction to protect banks and consumers.
November 2 -
Online lenders' struggle with fraud is driving them to join new networks designed to find links between fraudulent loan applications and signs of borrowers trying to obtain multiple loans simultaneously.
November 1 -
Samsung sees banking as a long game, and Samsung Pay is its first move. As mobile banking grows, the Korean electronics company believes financial services is ripe with opportunity.
October 28 -
The cyberattack on internet service provider Dyn that shut down websites all over the world showed the dangers posed by internet-connected things. That includes many machines commonly used in offices and branches.
October 27 -
If online merchants can keep their sites secure, they stand to make big gains from a consumer base that is overwhelmingly willing to play its part in protecting payment credentials.
October 27 -
WASHINGTON The Treasury Departments Financial Crimes Enforcement Network issued a reminder to banks that their obligations to report suspicious transactions also extend to certain cybersecurity attacks.
October 25 -
WASHINGTON A cybersecurity information-sharing group for the financial services industry has moved forward with a plan to create an arm dedicated to combatting threats to the largest banks.
October 24 -
The Wells Fargo scandal is an example of what happens when a system requires you to effectively hand over the keys to your identity to strangers as if you were giving them your car keys. Moreover, it is a call to banks to restore trust and become leaders in fixing the ID problem once and for all.
October 20 -
Small banks have limited resources to address cybersecurity, but more are turning to advisers and auditors to develop strategies that can keep them safe and compliant.
October 19 -
A strong and dynamic risk detection system requires focusing on the most important blind spots not satisfactorily explained by existing tools, rather than focusing on the "answers" produced by those tools.
October 19 -
In a world that is moving faster than ever before, consumers complete transactions at the register with a simple tap of a phone and transfer money across accounts in seconds.
October 19 -
The Federal Financial Institutions Examination Council reiterated Monday that its cybersecurity assessment tool is voluntary, despite bankers' fears that not using it could put them in hot water with their examiners.
October 17 -
U.S. Bank is using geolocation to make sure customers' card transactions are approved when they are traveling. It is just one example of how more companies are asking customers to let them track their phones.
October 17 -
Cybercrime evolves constantly, and it can take humans some time to identify new strains of cyberattacks. Software can identify new patterns in seconds.
October 13 -
Institutions should define data "liabilities" and "assets" and represent them in a way that both touts data successes and is transparent about data gaps.
October 12 -
Birthday greetings from Facebook friends are far more dangerous than many consumers realize.
October 10 -
Bankers 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.
October 5









