article thumbnail

AI Regulation in Finance: Steering the Future with Consumer Protection at the Helm

Security Boulevard

With huge data volumes processed by the financial services sector, AI holds much promise for the industry. The post AI Regulation in Finance: Steering the Future with Consumer Protection at the Helm appeared first on Security Boulevard.

article thumbnail

The ‘Zelle Fraud’ Scam: How it Works, How to Fight Back

Krebs on Security

In reality, the fraudster initiates a transaction — such as the “forgot password” feature on the financial institution’s site — which is what generates the authentication passcode delivered to the member.

Scams 363
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New York issues cyber insurance framework as ransomware, SolarWinds costs mount

CSO Magazine

Get the latest from CSO by signing up for our newsletters. ].

Insurance 106
article thumbnail

Scary Fraud Ensues When ID Theft & Usury Collide

Krebs on Security

” According to the Native American Financial Services Association (NAFSA), a trade group in Washington, D.C. According to Buckley LLP , a financial services law firm based in Washington, D.C., As this is an ongoing criminal investigation, we can make no additional comment at this time.”

article thumbnail

Turning Aspiration into Action to Protect Financial Institutions

Thales Cloud Protection & Licensing

Data security professionals also make ambitious plans, but implementation rates are too low – a key finding in the 2019 Thales Data Threat Report-Financial Services Edition. Here’s a look at four common issues highlighted in the 2019 Thales Data Threat Report-Financial Services Edition and tips for overcoming them.

article thumbnail

Security Compliance & Data Privacy Regulations

eSecurity Planet

Financial Data Protection Laws. financial data must comply with consumer-protection laws such as the Electronics Fund Transfer Act (EFTA) and a litany of regulations enforced by the SEC (such as Sarbanes-Oxley), CFTC, FISMA, and other financial regulatory bodies. Health data and patient data in the U.S.

article thumbnail

FFIEC Updates Its Cybersecurity Guidelines For Financial Institutions

ForAllSecure

Therefore, the FFIEC provides guidance on financial regulations and best practices for federal supervisory agencies, as well as helping them develop exam policies for banks, savings associations, credit unions, thrifts, and other financial institutions.