A group of small banks and credit unions could not persuade a judge to block the settlement Target and MasterCard reached last month that would reimburse banks on the card network $19 million for losses related to the retailer's breach.

A former JPMorgan Chase employee was arrested by the FBI on charges of stealing customer data and trying to sell it to an undercover informant for tens of thousands of dollars.

Bank branches are continuing to lose their luster as consumers rely on online and mobile channels, according to a new report.

As horrifying cyberattack scenarios grow more plausible, an American Bankers Association simulation of a hypothetical breach at a $10 billion-asset bank is designed to guide institutions through a set of crisis response steps.

House lawmakers approved two bills this week to foster greater information sharing between the private sector and government about cyber threats — and all eyes now turn to the Senate to see if legislation can finally be enacted.

Banks that use biometric technology should remember to take client and employee privacy concerns seriously. After all, banks have a duty to protect personal information and prevent its potential misuse.

Sales of cyberinsurance are rising among financial services companies, a sign of the times as data breaches, distributed denial of services and other types of attacks continue. But policies can be misleading, and they definitely are no silver bullet.

Bank regulators plan to release their self-assessment tool later this quarter to gauge institutions' cyber readiness, but many see it as sign of more prescriptive measures down the road.

Malicious software that blows past antivirus software undetected, combined with sophisticated social engineering (i.e. tricking employees of bank customers into divulging information), have enabled criminals to steal $500,000 to $1 million at a time, security experts say.

The administration's new step empowers Treasury to freeze assets of those behind attacks that harm the U.S. financial system or other "critical" infrastructures.

Retailers and bankers are teaming up to improve the flow of information regarding cybersecurity.

Target agreed to settle with more than 100 million customers whose personal information may have been breached in a database hack in 2013, among the biggest to hobble retailers and banks in recent years.

Apple Pay and cryptocurrencies such as Bitcoin have a lot of appeal for banks looking to stay at the cutting edge of digital payments. But security and compliance risks are part and parcel of these innovations.

A stolen company laptop has left customers of Pioneer Savings Bank vulnerable, according to a consumer alert from the New York State Department of Financial Services.

Uber Technologies Inc. said an unauthorized third party accessed the company's database last year and may have taken data on about 50,000 drivers.

Jack Hartings is a vocal proponent of reduced regulation for small banks. But the CEO of Peoples Bank in Ohio wants Washington to force other industries to share the burden of improving cybersecurity and cleaning up after breaches.

WASHINGTON — President Obama on Wednesday formally signed off on the creation of a national intelligence center to share information about cyber threats.

Responding to reports last week that its encryption keys had been stolen by U.S. and British spies five years ago, Gemalto contends its products are secure and announced it would reveal results of its investigation into the claims at a press conference Feb. 25 in Paris.

Gemalto, which manufactures SIM cards and EMV chips, is investigating a report that U.S. and U.K. spy agencies hacked into the company's network and stole mobile phone encryption keys, a technology also used to secure card data.

At least two financial services groups say none of their U.S. bank members have reported the existence of Carbanak malware in their networks, suggesting the threat may not be significant.