News Topic: Cyber security

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. ... Read full article

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

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. ... Read full article

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

Increases in attacks, escalating money demands and the security challenges of having people work from home are magnifying the threat. ... Read full article

Increases in attacks, escalating money demands and the security challenges of having people work from home are magnifying the threat. ... Read full article

Goldman Sachs Group turned to its chief rival to fill its top cybersecurity job. ... Read full article

Four global banks have joined American Express Ventures in contributing to BioCatch’s Series C fundraising round and earning themselves seats on its newly formed Client Innovation Board. ... Read full article

A year-old data breach, which earned the company an $80 million OCC penalty this week, continues to offer lessons to banks as they put more sensitive information in the hands of cloud vendors. ... Read full article

Regulators found fault with the bank’s cloud migration efforts in the years that preceded a 2019 hacking incident. ... Read full article

Over the weekend, hackers broke in through a third-party vendor to steal names, email addresses and other personally identifiable information. ... Read full article

The IBM-BNP collaboration and other new developments show that high-profile breaches haven't deterred banks from using the cloud to store data. ... Read full article

Wells Fargo customers targeted with phishing attacks using calendar invites; Fed freezes stock buybacks, caps dividends after stress test results; Citigroup names Titi Cole its head of global operations and fraud prevention. ... Read full article

Business continuity plans should be used constantly, not just when the crisis is at its peak, says the New York Fed’s head of financial services. ... Read full article

In a new twist on an old scam, cybercriminals have tried to get thousands of people to surrender their Wells bank account information by sending authentic-looking emails containing malicious links that lead to a fake website bearing the company's ... Read full article

In a new twist on an old scam, cybercriminals have tried to get thousands of Wells staffers to surrender their own account information by sending authentic-looking emails containing malicious links that lead to a fake website bearing the company's ... Read full article

The bank says fraud attempts involving commercial wire transfers have escalated since the outbreak began. It's training employees and customers how to head off the often hard-to-detect scams. ... Read full article

Peoples Bank in Arkansas and Main Street Bank in Massachusetts are getting smarter about spotting suspicious transactions tied to unemployment benefit fraud as well as warning customers what to watch out for. ... Read full article