Data and information management

M&T Bank joins a Massachusetts fintech-focused hub; Republic Bancorp in Louisville, Kentucky, once again expands in the Cincinnati market; ChatGPT suffers a security lapse and more in this week's banking news roundup.

Having a single set of generally accepted c​ybersecurity incident rules would reduce costs to banks, but software industry leaders say this would serve their interests, too.

On Thursday, a ransomware group published data apparently stolen from Tri Counties Bank, which suffered an outage to its ATM network last month.

The group behind the ongoing campaign allegedly has the support of a hosting provider that's complicit in helping spin-up new scam websites.

Any major news provides fraudsters the opportunity to take advantage of a frenetic situation. This time, their plea for customers' banking credentials seemed extra credible.

In February's roundup of American Banker's favorite stories: An international African American sorority enters the credit union market; a deep dive into the ideology behind banks giving out free pens; and a rising number of financial institutions are facing a tightening of liquidity and more.

The dataset, developed by Federal Reserve researchers, will give historians and students a far easier way to examine banks' performance between 1867 and 1904. The period was one of significant instability, which ultimately prompted the creation of the Fed.

The strategy document identifies potential avenues for cutting cybercriminals off from financing, as well as other actions banks can take.

The legislation cleared the panel Tuesday night, but Democratic misgivings mean it faces an uphill climb in the Senate.

Archway, which will help community and regional banks integrate third-party providers with their existing systems, has raised $15 million of venture funding in connection with the spinoff.

Rules around what, when, and to whom a bank must report in the wake of a data breach remain a key point of regulatory friction. Some hope a new federal office could help.

Financial services firms are focusing on essential risk-related priorities, but must not lose sight of the importance of innovative technologies that drive business forward.

Visa's strategy of devaluing data applies not just to its payment workflows but across the business. Visa Chief Risk Officer Paul Fabara shares more about this approach and four other cyber risk principles he follows.

To combat cybercriminals, banks and credit unions turn to white-hat hackers to uncover system vulnerabilities. But what motivates these computer whizzes can be surprising.

The personal financial management app, which has been downloaded 5 million times, was letting some users view emails and other personal information of other customers.

Derivatives markets were hobbled for several days by hackers using malware from LockBit, who said ION paid the ransom.

The industry's data burden in 2023 is likely to be substantial, experts say.

The top U.S. derivatives watchdog wants new cybersecurity rules as a recent attack on the software company ION Trading U.K. continues to roil the industry.

The Federal Deposit Insurance Corp.'s Office of Inspector General found a number of weaknesses in the agency's cyber risk examination program.