News Topic: Cybersecurity

A jumble of security vendors and lack of cohesive planning weaken many banks’ cybersecurity defenses, experts say. ... Read full article

Large banks like Wells Fargo have started using "cyber ranges" and "red teams" to respond to real cyberattacks on virtual versions of their real systems. ... Read full article

System can run more than 12 billion encrypted transactions per day and can automatically keep applications, cloud services and databases hashed. ... Read full article

Guests include Carl Ryden of Precision Lender, Felipe Echandi Lacayo of PanaFintech, Sam Shawki of Magic Cube. ... Read full article

Banks are getting hundreds of thousands of security alerts a day — way too many for humans to handle. ... Read full article

U.S. banks face a tricky calculus in deciding whether to adopt expensive technology aimed at reducing online fraud. ... Read full article

Vinny Lingham, founder and CEO of Civic, discusses the froth in cryptocurrency markets, the mania for "initial coin offerings," the right way to do token sales, the future of digital identity and the banking system's security failings. ... Read full article

Federal law established oversight of banks’ security measures, but the lack of similar requirements for retailers creates a blind spot in defending against hacks. ... Read full article

The group representing large banks argued in a report Friday that overlapping regulations are hurting the industry's efforts to deal with cyberthreats. ... Read full article

The Trump administration must weigh risks to national security in its review of the $1.2 billion deal. Its decision will shed light on whether — given the president’s “America First” rhetoric — Chinese investment is still welcome in the U.S. financial ... Read full article

Cashing in digital currency for government-backed paper may not be so easy; JPM CEO is taken to task by shareholders for his close ties to President Trump. ... Read full article

Up-to-date operating systems, anti-phishing tools and good backup should keep banks safe from ransomware. Can your bank check off those boxes? ... Read full article

The laws that force banks to know their customers are good at catching petty criminals and “wannabe” terrorists, but can’t thwart sophisticated bad actors, argues whistleblower Edward Snowden. ... Read full article

President Trump on Thursday signed an executive order to reinforce the country’s cybersecurity defenses, a move that financial institutions view as a positive step toward creating a more resilient financial system. ... Read full article

There's an outbreak of email and telephone hoaxes in France falsely attributed to the country's central bank, as criminals multiply attempts to steal credentials from French companies and consumers, the Bank of France said. ... Read full article

Researchers have found serious flaws in the way transport layer security protocols — a longstanding bulwark of online banking — have been modified for mobile apps. ... Read full article

Verizon’s Data Breach Investigation Report finds cybercriminals are focusing their efforts on banks’ web servers and websites. ... Read full article

Readers sound off an attempt to block prepaid regulations, threats to consumer privacy, FSOC’s political bent, the proper use for SARs, and more. ... Read full article