Data breaches

When BankMobile, the brainchild of Jay Sidhu and his daughter Luvleen, relaunches on a new platform in January, security — especially for the onboarding process — will be completely redesigned.

Banks tend to respond to ATM and payment breach risks after an incident. They need to get more proactive.

Financial industry groups have rolled out a plan for keeping bank customers' data safe if a mega-disaster, like a massive attack or a natural disaster, strikes.

Behavioral biometrics has already stopped several million dollars worth of online banking fraud at National Westminster Bank in London.

Any company that uses point of sale systems or technology is at risk.

The president-elect's policies on taxes, offshoring, surveillance and other issues will affect bank technology officers and their vendors in a variety of ways. The positives may slightly outweigh the negatives.

Tesco Bank has confirmed that over the weekend, some of its customers' accounts were subject to online criminal activity, in some cases resulting in money being withdrawn fraudulently.

If modified, the cybersecurity standards in New York State are a step in the right direction to protect banks and consumers.

Online lenders' struggle with fraud is driving them to join new networks designed to find links between fraudulent loan applications and signs of borrowers trying to obtain multiple loans simultaneously.

The cyberattack on internet service provider Dyn that shut down websites all over the world showed the dangers posed by internet-connected things. That includes many machines commonly used in offices and branches.