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Security - Banking Exchange
There was a major increase in the sophistication and quantity of attacks targeting individuals, organizations, and critical infrastructure in the first six months of 2021
Money laundering and other types of financial crime have plagued the financial industry for years
Fed flags cybersecurity and operational resilience as priorities for large banks
OCC, Board, FDIC will require banks to report incidents within 36 hours
Financial institutions and the businesses they serve need to add an additional layer of technology and step up their strategy
Trade body newsletter says remote working and digital channels in financial services have led to heightened security concerns
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
From rule-based systems to explainable AI, financial institutions continue to advance their fraud prevention systems
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