Data and information management

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.

Through a partnership with Axway, the bank aims to provide API-based data sharing and develop new products that leverage open banking.

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

The Consumer Financial Protection Bureau issued an interpretive rule and a separate request for information aimed at Big Tech companies, digital payments and crypto assets.

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.

To effectively reduce fraud, banks must transition to proactive, integrated strategies encompassing robust risk management and asset liability management.

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.

An industry lawsuit seeks to undermine a rule put forward by the Consumer Financial Protection Bureau that would make it much easier for consumers to manage their own financial health.

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