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Cyberfraud/ID Theft - Banking Exchange
Trade body newsletter says remote working and digital channels in financial services have led to heightened security concerns
Groups claim the legislation would hinder, rather enhance, current efforts toward cybersecurity
Research from Fitch finds even well-prepared banks could suffer from ‘tail events’ from major cyberattacks
Attack orchestrated by notorious REvil cyber-criminal gang
Fintech partnerships increasingly focus on combating cyber threats, as banks fight ‘trojans’ in digital age
More than half of consumers have become more concerned about fraud since Covid-19
The financial sector has always had a target on its back
From rule-based systems to explainable AI, financial institutions continue to advance their fraud prevention systems
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
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