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Proposed new cyber security regulations will be a huge undertaking for financial institutions

Celent Banking

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. Mandated training of security will be required. The attack began in 2007 and crossed 17 different countries.

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KPMG cybersecurity expert Matt Miller joins Sept. 9 panel on bank security and ID best practices

BankInovation

Cyber Security Services Banking practice at consultancy KPMG New York, will join a live webinar presented by Bank Automation News on “Automation technology for exceptional bank cybersecurity and ID verification” Sept. Cyber fraud and the frequency of losses are increasing,” Miller […].

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Cuomo Says Credit Reporting Firms Should Comply With NY’s Cybersecurity Rules

PYMNTS

New York Governor Andrew Cuomo announced that he wants credit reporting firms to comply with the state’s new cyber-security regulations in the wake of the massive Equifax hack , according to Reuters. The directive is the first of its kind in the country.

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FBI Charges Russian National With Running Online Hacker Marketplace

PYMNTS

Kennedy Airport in New York City, according to an arrest warrant. was first exposed as a nest of cybercrime activity in a now removed Digital Shadows report from 2016, according to ZDNet , and those in-tune with cyber-security issues were not shocked to hear of Firsov’s arrest. As of this week, Deer.io

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Cyberattack Closes Web Access To Canadian Government Agencies 

PYMNTS

The credentials used in the attack came from previous, non-government of Canada data breaches,” said Scott Jones, head of Canada’s Centre for Cyber Security, the agency that leads the government’s response to cybersecurity attacks. Online services are expected to be fixed by Wednesday (Aug.19), 19), officials told CNN.

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Reflections 2022: The Power of Patents and the People Behind Them

FICO

I am very glad that my role at FICO centers on AI and analytic innovation, and incorporating it into the wide range of solutions our customers use to fight fraud, scams and other financial crimes. This technology is incorporated into FICO® Falcon® Fraud Manager. The Power of Patents.

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New York Rewriting Cybersecurity Rules After Banker Pushback

American Banker

The decision to rewrite the regulation came two days after a hearing in which New York bankers unleashed a litany of complaints about the regulation to Empire State lawmakers.