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Security - Banking Exchange
As cyber-attacks occur around the globe at an alarming rate, many criminals continue to set their sights on banks and credit unions
OCC, Federal Reserve, CFPB, FDIC, and NCUA are seeking input from banks and other stakeholders
The E-Sign Act was signed into law over two decades ago
Payment disputes related to friendly fraud are expected to soar due to the pandemic-fueled surge in e-commerce
The proliferation of COVID-19 related threats has made cybersecurity a top concern for financial institutions in 2021
The connection between cybersecurity and poet Ralph Waldo Emerson is not directly evident, however he once said, “money often costs too much.”
Fraud attempts rose last year, but some banks are still not taking all the precautions they could
Feedzai Financial Crime Report shows online banking fraud attacks rose 250% and ATO scams soared 650% in 2020
Financial services took a particularly hard hit in 2020 in terms of ransomware and other cyber-attacks
Pandemic sees increase in amount lost to fraud, according to new data
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