Cyber security

Amazon data glitch could hinder plans for point of sale

11/21/18

There's never a good time to expose customer data, but the incident Amazon disclosed Wednesday could upend two major events: Black Friday/Cyber Monday and a reported effort to get merchants to accept Amazon at the point of sale.

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Goldman on the hot seat; lending standards flat or easing

11/14/18

Will prosecutors believe a rogue banker was behind Malaysia fraud?; banks that changed standards in Q3 were more likely to ease underwriting.

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Security risk in cardless ATMs? The customer

11/13/18

Fifth Third Bank customers were swindled out of over $100,000, but not because the bank didn't have protection in place.

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AI must be scrutinized by regulators, top Fed official warns

11/13/18

The Federal Reserve is paying close attention to how it might regulate artificial intelligence and machine learning, Fed Gov. Lael Brainard said in a speech Tuesday.

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Banks try to enlist DMVs to fight identity fraud; Marcus haunts London

11/13/18

Motor vehicle agencies are better suited to vet customers’ identities than banks; Goldman unit is stealing customers from big U.K. banks.

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What's working, what's not in banks' battle against 'credential stuffing'

11/09/18

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.

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HSBC suffers data breach on small number of online accounts

11/06/18

The breach may have occurred through a technique called "credential stuffing," in which hackers who have stolen passwords for other websites try them out on an online banking site.

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Biggest phish in the sea? These banks are growing targets

10/31/18

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.

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Amid glut of cyber rules, banks launch global tool to assess risks

10/25/18

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.

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FDIC to launch innovation office to help banks compete with fintechs

10/23/18

“We have actually discouraged banks from innovating,” FDIC Chairman Jelena McWilliams said in announcing a move that other agencies have made.

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