fbi

Law enforcement needs better access to BSA reports, watchdog says

09/22/20

With lawmakers weighing changes to Bank Secrecy Act requirements, the Government Accountability Office urged the Financial Crimes Enforcement Network to establish written policies for expanding use of the agency’s database.

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Digital banking's explosive growth compounds cyber risks, FBI warns

06/11/20

Mobile banking use has swelled since the pandemic hit, and law enforcement officials expect hackers to target the credentials of digital novices. The FBI stressed the importance of two-factor authentication and ensuring consumers know how to spot fake apps that carry malware.

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Ransomware's arms race: What banks have to do

10/28/19

Severe attacks are on the rise in all sectors, including financial services. There are several specific defenses banks can employ to mitigate and recover from them.

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Capital One’s data breach was bad. It could’ve been worse

07/30/19

Though involving an eye-popping 106 million credit card applicants' information, Capital One's breach was also unusual in a number of ways, including that it was quickly caught through a responsible disclosure program run by the bank.

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Ease banks’ AML reporting burden? FBI, Fincen say not so fast

11/29/18

As Congress weighs Bank Secrecy Act reforms, some worry that reducing suspicious transaction filings would be a gift to criminals.

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Citi's AI bet, ATM attack, 'mini-CFPBs': Top stories of the week

08/24/18

Citigroup was so impressed with a test drive of AI software it invested in its maker; the FBI's warning of a cyberattack targeting ATMs came to pass — expect more to come; debating whether state AGs can serve as de facto CFPBs; and more from this week's most-read stories.

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An ATM attack the FBI warned of came to pass. Expect more.

08/22/18

A heist in India appears to be the very thing U.S. law enforcement had foretold. But banks shouldn't let their guard down, because cybercrooks have raised raids on cash machines to an art form.

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Cyberattacks on the rise? Time for a client lunch

08/17/18

One community bank decided it can build closer relationships with business clients by hosting events to help them learn how to fortify their cyberdefenses.

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Feds probe commercial mortgage fraud; Banks rail against Volcker 2.0

08/16/18

The FBI and DOJ are looking into what could be one of the largest mortgage frauds since the financial crisis; lawyers for the banks met with the Fed last week.

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How worried should banks be about the FBI’s ATM attack warning?

08/15/18

Banks — especially smaller ones — are being told to brace themselves for a wave of ATM raids by cybercrooks. Industry officials are uncertain what information the red alert is based on, but experts say swift, sophisticated thefts are very doable.

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