News Topic: Cyber security

The bank faces June 15 AML compliance deadline; the features that make Zelle popular with customers entice thieves. ... Read full article

SunTrust let about eight weeks pass before telling the public that data tied to 1.5 million customers had been stolen. ... Read full article

The news of the data breach cast a shadow over relatively strong first-quarter earnings for the Atlanta bank. ... Read full article

WebAuthn could eventually mean passwords are replaced with fingerprints and facial recognition. But how hard will it be to implement? ... Read full article

Acting director wants agency run by a bipartisan body, not a lone director; Fed and OCC push for relaxing the supplementary leverage ratio at the biggest banks. ... Read full article

The self-regulatory body says working with data aggregators increases risk of cyber fraud, unauthorized transactions and identity theft. But aggregators say other links in the information chain are more vulnerable. ... Read full article

The agency’s acting director uses a reply letter to the senator not to answer her questions but to underscore that Congress lacks the ability to compel answers to such questions. ... Read full article

The central bank is taking a lead role in trying to combat the longstanding problem. A broad study by the Fed aims to measure the extent of payments fraud and to foster more collaboration in thwarting it. ... Read full article

Robert Selander was named an independent director of the embattled credit bureau, which is still trying to regain public confidence after a huge data breach last year. ... Read full article

With substantial regulatory relief within reach, community bankers should use their clout to shape cybersecurity policy and ensure a level playing field for banks and nonbanks, retiring ICBA chief Cam Fine says. ... Read full article

A former senior executive at Equifax Inc. was criminally charged for allegedly selling almost $1 million worth of shares before the company’s announcement last year that it had suffered a massive data breach. ... Read full article

Timothy Zimmerman is optimistic about regulatory relief and the capabilities of the association's next CEO, but he remains wary of nonbank competition and cybersecurity risk. ... Read full article

Policymakers need to focus less on how they regulate the banking industry’s cyber defenses and more on how they will protect the financial system from an attack. ... Read full article

Banks and retailers are sparring over whether financial firms should follow a new national standard to quickly notify consumers when they've experienced a data breach. ... Read full article

Economic adviser leaves after President Trump announces steel tariffs; Senate votes to begin debating Dodd-Frank changes, which are expected to pass later this week. ... Read full article

The World Economic Forum announced on Tuesday an effort designed to strengthen fintech cybersecurity. ... Read full article

The Consumer Financial Protection Bureau is among several agencies that "continue to investigate events related to" last year's Equifax brief, the credit reporting firm said in a securities filing. ... Read full article

The bank overcharged some customers and some received inappropriate investment advice; 2.4 million more people were affected by the breach. ... Read full article