The credit union suffered a ransomware attack in June 2024 that affected nearly all of its banking systems.

The cybersecurity job market is growing fast, but aspiring professionals face barriers to entry, from experience requirements to employer demands.

The group was still the most active such gang last year, but its activity appears to have been severely hampered by law enforcement.

Pressing tech items across banking include the Federal Deposit Insurance Corp.'s impending Synapse rule and Regions Bank's play for an open banking future.

The settlement detailed the missteps PayPal took in the lead-up to the attack and highlighted common risks — both on compliance and security — banks face.

The ruling lets state Attorney General Letitia James continue arguing Citi should have reimbursed customers for wire fraud, though some claims were dismissed.

A security researcher found a database exposing names, addresses, and bills apparently belonging to Willow Pay, a fintech for short-term financing on bills.

The order calls on federal agencies to support more forms of digital identity documents and could lead more states to adopt digital driver's licenses.

Banks must comply with a European Union law known as DORA by Friday. The law aims to improve cybersecurity and reduce tech failures in financial services.

Amendments to New York's cyber rules — and a focus on privacy in California — mean banks must enhance risk controls, encryption and customer protections.

An alarming percentage of cyberattacks in 2024 exposed eight or more pieces of sensitive customer information, a notable increase in severity. Banks need to have both proactive and reactive strategies in place to protect customers.

Modeled after Energy Star, the Cyber Trust Mark will label smart devices that pass federal cybersecurity standards.

Financial institutions need to beware of advanced persistent threats and of the potential security shortcomings of their vendors, experts say.

2024 brought important issues front and center for bankers, ranging from the rise of artificial intelligence to the fall of banking-as-a-service.

The department was notified December 8 by third-party software provider BeyondTrust that a hacker had gained access through a tech support service.

Data breaches in 2024 exposed billions of records, impacting financial firms, banks and consumers alike.

The merger pairs the fintech's consumer lending platform with Gen Digital's identity-protection services, such as Norton, LifeLock and ReputationDefender.

The holiday season presents online shopping and charity scam risks, and this year presents a novel threat of AI-assisted fraud. Here's how banks are helping their customers avoid these schemes.

While it's true that the National Credit Union Administration needs the authority to regulate third-party vendors, credit unions themselves have considerable power to force vendors to observe best practices.

The Financial Stability Oversight Council's annual report underscores mounting challenges in commercial real estate, escalating cyber threats, and regulatory gaps in third-party services and stablecoins, urging stronger oversight and legislative action.