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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. Systems operations and availability concerns. Customer data privacy.

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Guest blog post: Protecting yourself online

Abrigo

Sageworks asked Don West, a member of the AICPA''s Information Management and Technology Assurance Section''s CITP Credential Committee the best ways to protect one''s self and business online. --. Do you like getting bombarded with online ads and email obviously based on your recent surfing habits? Do you bank online?

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4 considerations for banking leaders concerned about cyber security

NCR

Last month was National Cybersecurity Awareness Month, an initiative to provide consumers with the information they need to stay safe online, so in the wake of this, it is a good time for banks to consider whether all possible steps are being taken to protect their customers in our digitally connected world. The Role of the ISO.

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Cyberattack Closes Web Access To Canadian Government Agencies 

PYMNTS

A cyberattack directed at two dozen Canadian government platforms forced the shutdown of most of its online portals over the weekend. As a result of the breach, the CRA said more than 11,000 of 12 million personal accounts were compromised, including online portals accessing tax payer data and COVID-19 relief programs.

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Australia’s Toll Suffers Ransomware Attack

PYMNTS

Australian logistics company Toll has been forced to disable its systems and use non-digital processes after a ransomware attack on Friday (Jan 31) caused delays throughout the country, according to a report by ZDNet. “We We’ll continue to provide updates as we securely bring our systems back online.”.

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Social Media Can Make Bank Customers Susceptible To Scams

PYMNTS

Unintentionally making themselves targets for scammers, customers may become vulnerable to fraud by complaining to banks on social media when systems crash. Reports in the BBC said TSB’s fraud alert system isn’t working for some online banking customers.

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CSBS Launches Three Online Tools for the Financial Services Industry

CFPB Monitor

Each of these initiatives provides valuable new resources for both banks and non-banks to stay apprised of changing state regulatory systems and technological advances that impact the financial services industry. State Regulatory Guidance Portal.

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