Data and information management

As consumers’ personal information is compromised almost daily, hackers are increasingly targeting banks.

There is a visible shift in attack patterns immediately following a breach, from initial attacks focusing on high-value loan applications at online lenders to low-value identity testing on charities and social media sites to determine if a stolen credential will work.

While some are bullish on strong use cases for the industry, others are still skeptical about when — or even if — CUs will be willing and able to dive into blockchain.

Following in the footsteps of Chase, Wells Fargo and others, Fidelity is launching an application programming interface to let third-party apps access customer data — as long as the customers grant permission.

PayPal has suspended the operations of TIO Networks, a bill-payment company it purchased earlier this year, following the discovery of security vulnerabilities that require investigation.

When a coder locked $150 million of digital currency stored in Parity digital wallets last week, many bankers probably saw it as another reason to ignore cryptocurrencies. Instead they should recognize the business opportunity (key custody) that the incident presents.

It is important to have the right layers of security in place, ideally those that evaluate passive and behavioral biometrics, as they are proving to be the most reliable, writes Robert Capps, authentication strategist and vice president of NuData Security.

Because wearable payments technology is still considered experimental, it is important to address security before the market for such products gets much bigger.

In mid-2015, several thousand banks registered for dot-bank domains. More than two years later, only a few hundred have converted.

Outsiders gained access to customer information at Southern National Bancorp of Virginia using a malicious email. Other financial institutions, meanwhile, are implementing policies in hopes of avoiding the same fate.

Equifax Inc.’s massive data breach is proving costly.

Company’s first earnings report since the data breach also discloses lots of suits and investigations; Senate bill also calls for one-year delay in corporate tax rate cut to 20%.

Readers chime in on the idea of a state-backed bank to serve the cannabis industry, data-sharing between banks and fintechs, whether community banks can just focus on tech laggards, and more.

Barros has no answer for Senate committee on encryption; a bitcoin network split won’t happen … for now.

When Karim Ahmad arrived at TSYS last year as the new head of global product and innovation, he found a stolid company that still housed its data on the mainframe and was woefully out of step with the new era of digital payments.

More than a dozen state leagues and credit unions have signaled their intent to sue Equifax, but to what end?

The data concierge service will find, obtain, clean, integrate data for financial firms, for a monthly fee.

Wall Street and its allies in the House are trying to kill the Consolidated Audit Trail, a supercomputer that will allow regulators to detect market abuses, punish wrongdoers and better understand why markets sometimes crash.

As blockchain becomes increasingly popular, heightened levels of data protection and customer awareness of its use become a reality, writes Abhishek Pitti, CEO of Nucleus Vision.

The heads of some of the largest U.S. banks are calling for a new security-focused mindset among executives, better forms of ID and collective action in the aftermath of the Equifax breach.