National breach notification law would usurp patchwork of state laws

National breach notification law would usurp patchwork of state laws

A bill is pending to amend the Gramm-Leach-Bliley Act (GLBA) to include a national data breach notification law that would supersede the various state laws that now apply to the financial sector. This initiative has the support of the American Bankers Association...
Financial sector must be prepared for more sophisticated threats

Financial sector must be prepared for more sophisticated threats

The increased security measures that most financial organizations now have in place have caused hackers targeting the financial sector to up the ante, deploying more sophisticated malware.  This new breed of malware avoids detection by signature-based tools and is...
Banks With Bad Cybersecurity Could Face SWIFT Justice

Banks With Bad Cybersecurity Could Face SWIFT Justice

Is SWIFT now playing good cop/bad cop? SWIFT – formally known as the Society for Worldwide Interbank Financial Telecommunication – is a nonprofit cooperative owned by 3,000 banks that bills itself as “the world’s leading provider of secure...