News Topic: Cyber security

Questioning whether core-banking technology is nearing a 'big shake-up'; Capital One keeps closing branches, even as rivals open them; FASB chair defends CECL, saying 'the benefits justify the cost'; and more from this week's ... Read full article

Security companies report a recent spike in spearphishing campaigns originating in Iran and targeting banks. ... Read full article

The company will create a regulated subsidiary offering a digital wallet; San Francisco Fed wants CRA credit for loans that help prepare for climate change. ... Read full article

The bank is looking to combine several units that invest in income-producing assets; increased scrutiny has led banks to address the risks of climate change. ... Read full article

The watchdog and three Democratic lawmakers urged the agencies to stop using knowledge-based verification methods to grant access to their online portals. ... Read full article

The agency's vote Thursday threatens to block many of the industry's communications with customers, though banks did win one concession. ... Read full article

Organized crime groups are selling access to the computer networks of financial firms like Bank of America Corp. and hacking tools targeting these companies, according to a British researcher who posed as a buyer on several dark web marketplaces. ... Read full article

Banks and credit unions “push back” against an FCC proposal to limit calls; Miami gets the next assistant the bank says is not intended to replace humans. ... Read full article

Steve Hagerman, who was responsible for the first mortgage platform at JPMorgan Chase, will be head of consumer lending technology at Wells. It also named Gary Owen, a veteran of WarneMedia, Promontory Financial and Citi, its chief information security ... Read full article

Lawmakers are taking a closer look at the company’s data collection practices and its work on cryptocurrency payments, raising the possibility of more action down the line. ... Read full article

Most financial institutions can’t compete on pay, but there are other advantages they can offer, including agile development. ... Read full article

The Fed is moving to prepare banks for unexpected shocks tied to weather; rules would be eased for trades between affiliates. ... Read full article

Big banks and other financial firms spend as much as $3,000 per employee to defend computer networks from cybercriminals, a survey found, as the industry remains the primary target of such attacks. ... Read full article

As chief operational risk officer, Carrie Lichter played a key role in bringing to life Fifth Third's high-tech war room, also known as the cyber fusion center. ... Read full article

Get ready to meet 15 women — ages 40 and under — whose accomplishments and influence set them apart. ... Read full article

New York's former banking superintendent will spend much of the next three months advising fintech startups on how to cope with regulators. ... Read full article

The executive is leaving after two years of coast-to-coast commuting; the interest rate on the loan declines as the borrower achieves technology goals. ... Read full article

Mainstream firms are joining the push to let cannabis firms use banks; the companies say they can help banks make lending decisions quicker. ... Read full article