Data and information management

Taking a data-driven approach to marketing not only helped pump up originations -- it also helped save members money.

The U.K. Financial Conduct Authority opened an investigation into the hack of credit reporting company Equifax Ltd. that saw personal data stolen from at least 143 million people.

A new partnership between NAFCU and Hyperledger is said to be the first such alliance between the blockchain consoritum and a financial services trade association.

Palm scanners for employee log-ins has not only increased data security, but it's also cut down the time employees were spending on authentication procedures.

The Clearing House has become one of the first Mastercard-certified, third-party token service providers on behalf of issuing banks.

The Consumer Financial Protection Bureau made it clear that consumers own their financial data and can share it with apps of their choice. Now it’s up to the industry to resolve thorny issues on liability and accountability.

KRACK, combined with other attacks, allows for the reading of pain text username, passwords, credit card numbers as well as the injection of code including ransomware, writes Timothy Crosby, senior security consultant for Spohn.

Both banks and fintech are satisfied for now with the CFPB's nonbinding principles on data-sharing. But the statement may lay the groundwork for future regulation.

Equifax continues work to add new security features and restore full access to The Work Number following a report highlighting potential security vulnerabilities in a browser-based portal of its employment verification service.

The answer is to change the authentication framework altogether with new technologies that employ passive biometrics and behavioral analytics, writes Ryan Wilk, vice president of customer success at NuData Security.

Ditching paper and digitizing tasks help community banks operate more efficiently and write more profitable commercial loans.

The problem could be even worse this year, thanks to a new round of consumer data breaches, including the huge Equifax breach that exposed protected data on more than 145 million Americans, writes Rafael, executive vice president at ClearSale.

As incidents such as the Equifax breach create more urgency to move beyond static identifiers and authentication methods, Visa is getting aggressive about pushing dynamic tools to vet and shield identity.

The nonbinding guidance, which followed a nearly yearlong inquiry about industry practices, said consumers should have greater ability to obtain information about their financial data, among other principles.

Companies and households should therefore be on the lookout for security patches of their wireless access points and endpoint devices like laptops, desktops and mobile devices, write Steven Murdoch and Frederik Mennes from Vasco Data Security

Reflections and insights from the CUNA Tech and Operations & Member Experience Councils conferences held recenlty in Phoenix.

Sir Tim Berners-Lee, creator of the World Wide Web, exhorted developers to think about unintended consequences, saying he felt guilty over the digital divide and the proliferation of fake news.

Cleaning up bad data is expensive and time-consuming, but just leaving it alone costs even more. Here are strategies to improve the process.

Public Service Credit Union's approach to keeping information safe has also helped address a variety of resource shortages.

You can’t just turn the computers off and shut your door, nor can you rely on outdated, traditional training methods to prepare your team for a landscape of threats and continuously evolve, writes Laura Lee, executive vice president of cyber training and assessments at the Circadence Corporation.