Cyber security

What President-elect Biden can do to fix outdated financial system


In an open letter, industry veteran Thomas Vartanian outlines the steps the administration can take to encourage innovation, better detect cyber threats and modernize regulation.


5 ways banks can guard against internal cyber threats


Financial institutions are using behavioral analytics, imposing tighter controls and taking other steps to prevent employee-caused security lapses.


Data-security lapses surge in work-from-home era


Corporate breaches facilitated by employees — often accidentally — rose significantly this year, and banks have been particularly hard hit. Here's why.


Loss provisions, low interest rates could threaten profits, OCC says


While national banks have remained strong during the pandemic, they are still navigating risks from a murky credit environment and other potential warnings signs, according to a report by the Office of the Comptroller of the Currency.


Can credit unions keep up with COVID's evolving phishing threats?


Fraudsters have increased their attempts to steal data through email scams since much of the financial services sector moved to remote work when the pandemic began.


Google, IBM rush to sell banks cloud software


As the pandemic speeds digital adoption at financial institutions, the technology giants are pitching products that scan in data from mortgage documents and provide security and compliance controls used by in-house tech developers.


NCUA moves to loosen derivatives rule for credit unions


The credit union regulator has held back in allowing the use of derivatives but has released a proposal that would remove red tape for some larger institutions.


Why the pandemic is making cybersecurity even harder for credit unions


Executives and technology analysts offered a host of concerns that are likely to dog credit unions well into the new year.


Week ahead: Amazon Prime Day, NCUA board meeting


Credit unions' credit and debit card portfolios could see a surge this week as the online retailer offers two days of deals, while the industry's regulator is set for a cybersecurity update.


OCC fines Morgan Stanley $60 million for 2016 data breach


The regulator found that the financial services company failed to take precautions in disposing of hardware that contained sensitive customer information.