News Topic: Data breaches
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10 biggest financial data breaches of 2022
Capital One released from consent order related to 2019 data breach
LendingTree denies it’s the source of a data breach affecting 200,000
A call for collaboration in the fight against digital fraud
Okta says data leak came from breach of third-party customer support provider
TransUnion South Africa hacked; attackers say password was ‘password’
Morgan Stanley to pay $60 million to settle data breach claims
Morgan Stanley discloses breach of stock-plan customer data
Cybersecurity is top issue for bankers, but not for lawmakers
First Horizon discloses data security breach
Flagstar’s data breach, and what banks can learn from it
The Michigan bank is the latest company to have customer data compromised through a software vulnerability. The incident reinforces the importance of attack simulations, constant searches for intrusions and exchanges of intel with peers. ... Read full article
Banks would have 36 hours to report cyberattacks under proposed rules
Federal banking agencies want to give the industry a hard deadline for notifying their regulators about serious security breaches and failed system upgrades. ... Read full article
Bank regulators mull stricter rules for reporting of data breaches
It has been 15 years since the federal banking agencies issued guidance on an institution’s obligation to inform its regulator about a cyberattack. A proposal to be unveiled this week could establish a more specific notification deadline. ... Read full article
OCC fines Morgan Stanley $60 million for 2016 data breach
The regulator found that the financial services company failed to take precautions in disposing of hardware that contained sensitive customer information. ... Read full article
Capital One to pay $80M in connection with massive data breach
Regulators found fault with the bank’s cloud migration efforts in the years that preceded a 2019 hacking incident. ... Read full article
Challenger bank Dave suffers data breach affecting all 7.5 million customers
Over the weekend, hackers broke in through a third-party vendor to steal names, email addresses and other personally identifiable information. ... Read full article
Put bank exam council in charge of data privacy
The Federal Financial Institutions Examination Council is best suited to craft uniform policies to protect consumer data. A patchwork of state rules is cumbersome. ... Read full article
Breach Clarity debuts tech to help banks thwart data thieves
The startup’s tools help banks and consumers deter account takeover in the aftermath of a data breach. ... Read full article
U.S. charges four Chinese military members in Equifax hack
The four members of China’s People’s Liberation Army are accused of masterminding the breach that affected more than 140 million people. ... Read full article