News Topic: Data security

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Less than half of consumers believe financial services providers adequately protect their personal information, according to an Arizent survey. Banks such as Wells Fargo and Bank of Idaho are offering mobile tools and cybersecurity education that could ... Read full article

With Microsoft, Equifax and others acknowledging that the SolarWinds hack of U.S. government entities had affected their holdings, security teams and vendors have put the holiday aside while continuing around-the-clock surveillance to ensure no financial ... Read full article

Financial institutions are using behavioral analytics, imposing tighter controls and taking other steps to prevent employee-caused security lapses. ... Read full article

The pilot leverages Keyno’s CVVkey technology that uses a dynamic card verification value 2 (CVV2) code to provide a higher level of security against fraud for online and mobile payments. ... Read full article

Corporate breaches facilitated by employees — often accidentally — rose significantly this year, and banks have been particularly hard hit. Here's why. ... Read full article

As it attempts to craft policy on access to consumers’ financial account information, the agency is wading into a battle between those who want data to flow more freely and those who prioritize security. ... Read full article

Despite tougher privacy regulations, further safeguards are needed that require consumers' clear consent before personal information is exchanged. ... Read full article

The rulemaking is expected to draw enormous interest from both banks and third-party fintech providers. ... Read full article

Industry groups have launched new programs that are expected to carry over into 2021, while others are raising new calls for Congress to tackle data security. ... 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

The bank's Pershing unit is using fingerprint and facial recognition technology on Apple devices to protect user access to its desktop software. ... Read full article

New research finds that it's become harder than ever to acquire new customers — and equally challenging to engage newly acquired ones. ... Read full article

Devon Bryan, who held similar jobs at KPMG and the Federal Reserve System, succeeds Brian DiPietro, who had been information security chief since 2016. ... Read full article

Banks, data aggregators and fintechs have clashed for a decade over how consumers’ bank account data should be shared with third parties. The agency says it will offer a plan, and industry officials have plenty of suggestions already. ... Read full article

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