Data and information management

The release of two malicious language models — WormGPT and FraudGPT — demonstrate attackers' evolving capability to harness language models for criminal activities.

The new rule sets a nationwide standard for disclosing all "material" breaches within four days — much sooner than many state-level disclosure rules.

One security researcher said the total number of consumers who had data stolen in MoveIt breaches exceeds 20 million, and more are expected to be reported.

In a data breach at OpenAI, some ChatGPT users were able to see other users' financial data. In other cases, users have invoked their dead grandmothers to access information that should have been sealed off.

The implementation plan the Biden administration released on Thursday seeks to shift liability for data breaches onto "the biggest, most capable" entities. Does that mean banks?

The announcement resolves the final outstanding order between Capital One and prudential regulators over its 2019 cyber incident.

A number of large banks, the Federal Reserve of New York and Swift participated in a proof of concept of a shared ledger that would allow cross-border transactions to settle instantly in U.S. dollars — with regulators literally in the loop. 

Deposits of Listerhill and Avadian credit union customers were compromised by fraud conspirators, one instance in a rise of card skimming cases across the country.

Lloyds Banking Group, Natwest Group, Bank of Scotland and others will use the artificial intelligence tool in preparation for new rules that will require them to compensate customers affected by "authorized push payment" scams.

People love the convenience of nonbanks' financial apps. Regulators could make it much safer for them to share their data with third parties.

About 90% of surveyed bankers said cybersecurity was their biggest worry, ahead of legacy tech and talent shortage issues.

Measurements of financed emissions are currently plagued by differing methodologies and time lags in corporate climate disclosures, according to a new report by an environmental advocacy group.

Ransomware gang Cl0p is currently threatening 50 companies with releasing data it stole from them late last month.

Pride month is the perfect time to take a hard look at the discrimination that LGBTQ people face in the financial services industry, particularly when it comes to obtaining credit.

Banks and credit unions understand the benefits of boosting their digital capabilities as well as the pitfalls of lagging behind.

Threat intelligence has become a viable option for banks looking to gain insights about fraudsters communicating on Telegram with other criminals.

Like it or not, Big tech is going to become a player in financial services. It would be better to write rules now than to wait for a crisis.

The New York State Department of Financial Services found the company failed to adequately protect itself from data breaches. Since 2018, OneMain has suffered multiple cybersecurity incidents.