News Topic: Security risk

The PFM app provider Personal Capital set up a safe way for hackers to expose vulnerabilities in its software. ... Read full article

Security companies report a recent spike in spearphishing campaigns originating in Iran and targeting banks. ... Read full article

A security breach that left 24 million mortgage documents unprotected on a server is rekindling concerns about the risks posed by fourth parties. ... Read full article

Moelis submits a revised Fannie/Freddie blueprint; FASB considering a plan to have banks break out charge-offs and recoveries on year-by-year basis; Wells Fargo layoffs begin with 1,000 jobs in mortgage and tech; and more from this week's most-read ... Read full article

A horrific tragedy unfolded at Fifth Third's main building in downtown Cincinnati, when a man opened fire on bystanders in and around the lobby-level branch. Three were killed, and the gunman died in a shootout with police. ... Read full article

Under a consent order with Texas and seven other states, the Atlanta-based credit reporting firm agreed to shore up its information security efforts, but it will not have to pay any financial penalties. ... Read full article

The Federal Trade Commission contends Venmo misled consumers on funds availability and security disclosures. ... Read full article

Thirty-six lawmakers signed a bipartisan letter Tuesday calling for an investigation into the sale of stock by Equifax executives between a data breach at the firm and when it was disclosed. ... Read full article

Readers weigh in on a proposal for encouraging small bank installment loans, a firm that uses AI to reduce false alarms, what security improvements are needed for sharing customer data, and more. ... Read full article

Better information security will remain the foundation of success as the financial services industry moves quickly to engage new business models. ... Read full article