News Topic: Cyber attacks

Since banks are under constant attack by hackers, the startup XM Cyber is offering them a simulator that seeks to do its virtual worst in order to prevent a real breach. ... Read full article

HSBC is the latest bank to be hit with this type of attack, in which hackers take stolen user names and passwords from one site and attempt to reuse them to login to banks. ... Read full article

Following is a list of the banks that made Vade Secure's top 10 phishing list in the third quarter, along with insights into how lenders can protect themselves. ... Read full article

The assessment is designed to get banks on the same page in combating cybersecurity and make it easier for institutions and regulators to assess their performance. ... Read full article

Crowdsourced cybersecurity is making inroads into the world of big banks, even though there is a risk bad actors will exploit the opportunity. ... Read full article

JPMorgan Chase's Jamie Dimon downplayed "too big to fail," warned against the risk of cyberattacks and lectured high-tech giants about their privacy shortcomings during an appearance in Washington. ... Read full article

The central bank is mulling measures to broaden the number of banks receiving reg relief; Lisa Stevens was a top deputy to the former retail chief during the phony accounts scandal. ... Read full article

Every month, from January to April of this year, there were roughly 3.2 billion attacks perpetrated by malicious code that infiltrated business' networks. Representatives of smaller financial institutions disputed the notion that they are one of the ... Read full article

Andrei Tyurin, a Russian citizen who is alleged to have performed key cyber-work in a hack of JPMorgan Chase and several other companies, was extradited to New York on Friday from the republic of Georgia. ... Read full article

Citigroup was so impressed with a test drive of AI software it invested in its maker; the FBI's warning of a cyberattack targeting ATMs came to pass — expect more to come; debating whether state AGs can serve as de facto CFPBs; and more from this ... Read full article

One community bank decided it can build closer relationships with business clients by hosting events to help them learn how to fortify their cyberdefenses. ... Read full article

As the state phases in tougher requirements from its 2017 regulation, federal agencies continue to show an interest in updating their cyber policies. ... Read full article

Wire and other payments fraud affected a record number of businesses last year, and the FBI is warning in particular about real estate scams. ... Read full article

Small banks are being warned to slow down mobile tool development and check vendor arrangements, as researchers repeatedly find vulnerabilities that can be exploited by cybercriminals. ... Read full article

A community bank in Virginia thought the $2.4 million hackers stole from its customers would be fully covered by its insurance policy, but its carrier begged to differ. Their highly technical legal fight is a cautionary tale for all bankers who assume they ... Read full article

Chris Furlow, who was a founding staff member at the Department of Homeland Security, is now the president and CEO of the Texas Bankers Association. ... Read full article

Of all the types of malicious software targeting businesses, ransomware continues to be one of the most pervasive, according to recent studies. Here's an overview of the things banks, especially small ones, are doing to stop it. ... Read full article

That’s the question executives of publicly traded banks are asking themselves as they try to make sense of new — and somewhat vague — guidance from the SEC on procedures for disclosing data breaches. ... Read full article