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Experts: US House Examines Legislative Actions To Combat Cybercriminals

PYMNTS

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

US 227
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China Refuses To Dial Back Tech Regulations

PYMNTS

Most notably, the fact that China has so far refused to ease its restrictions on foreign technology companies. The concessions are, of course, important to America’s largest technology companies. has deemed a security threat. “It In addition, the country might increase purchases of goods from the United States.

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Girding For Iran’s Cyberattacks On The US — Where Past May Be Prologue

PYMNTS

It may be immediate and far-reaching, disrupting lives and wreaking havoc across the basic technological and tangible infrastructure that underpins daily life. A posting tied to the image stated the page had been “hacked by Iran Cyber Security Group Hackers. This is only [a] small part of Iran’s cyber ability!

US 131
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Singapore Minister Says Breach May Have Been State-Linked

PYMNTS

Although Iswaran would not specify which state he thinks is behind the attack, he did say that other advanced persistent threat groups include the hackers that breached the U.S. Democratic National Committee and stole more than 20 million personnel records from the United States Office of Personnel Management.

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EMV’s Online Fraud Attack Push

PYMNTS

The data show that since the October 2015 EMV liability shift, United States fraud attacks have jumped by 11 percent. From Q1 2015 to Q4 2015, the fraud attack rate on United States merchant websites skyrocketed from nine attacks per 1,000 transactions to 27 attacks per 1,000 transactions — a 215-percent increase.

Fraud 100
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How Does ChatGPT Describe the Economy and Banking?

Jeff For Banks

As described by ZDNet.com , "ChatGPT is a natural language processing tool driven by AI technology that allows you to have human-like conversations and much more with a chatbot. Me to ChatGPT: Describe the current economic situation in the United States. But I wanted to give it a try with relevant banking questions.

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The FFIEC’s Architecture, Infrastructure, and Operations book

Cisco

In June 2021, following large cyber attacks on the United States and the resulting Executive order on Cyber security, the FFIEC released the largest update in guidance in over a decade to help financial auditors assess financial institutions.