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Federal banking agencies want to give the industry a hard deadline for notifying their regulators about serious security breaches and failed system upgrades.December 15
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It has been 15 years since the federal banking agencies issued guidance on an institution’s obligation to inform its regulator about a cyberattack. A proposal to be unveiled this week could establish a more specific notification deadline.December 14
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The regulator found that the financial services company failed to take precautions in disposing of hardware that contained sensitive customer information.October 8
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Regulators found fault with the bank’s cloud migration efforts in the years that preceded a 2019 hacking incident.August 6
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Over the weekend, hackers broke in through a third-party vendor to steal names, email addresses and other personally identifiable information.July 27
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The Federal Financial Institutions Examination Council is best suited to craft uniform policies to protect consumer data. A patchwork of state rules is cumbersome.July 17
Founding PartnerBuckley LLP
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The Credit Union National Association filed the class action suit in 2017 after roughly 147 million people had personal information exposed through a hack of the credit reporting agency.June 8
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The startup’s tools help banks and consumers deter account takeover in the aftermath of a data breach.February 20
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Cybersecurity experts said the trade group's description of the event bears the hallmarks of a ransomware attack, which CUNA subsequently confirmed.February 6
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Under terms of the settlement approved by a Georgia court Monday, Equifax may also have to pay an additional $125 million if the initial amount doesn't cover all the claims.January 16
