Links in “Banks”
- Black Box/White Box: A Primer on Network Penetration Testing
Black box and white box are two types of a pentest, short for network penetration test, where a third party seeks to break into your system in order to check for vulnerabilities. [4/23]
- Lessons from Troubled Restaurants for Financial Institutions
Expert and former FDIC examiner Ken Agle has visiting more than 500 banks and credit unions in his 25+ professional experience. This article draws on his experience to point out what financial institutions can learn from failing restaurants. [4/22]
- NY Questioning Servicer’s Possible “Self-Dealing”
New York's regulator questions Ocwen Financial about potential self-dealing with a distressed property manager, 26% of which is owned or controlled by Ocwen's executive chairman. [4/22]
- Cybersecurity: What U.S. Lenders Can Learn from their Middle East Counterparts
The Middle East has been a hotbed of cyber attacks for some time. Recently several Middle East banks were hit by a malicious botnet disguised as a banking app. Here are some things U.S. banks can learn from these attacks. [4/22]
- “Auto Defaults” on Student Loans Hit CFPB’s Radar
Some student lenders demand borrowers pay back the entire student loan upon the death or bankruptcy of a cosigner, even if the borrower has never missed a payment, a practice that the CFPB is criticizing. [4/22]
- Cybersecurity Wars: Bankers Fire Back at OCC’s Curry
ABA takes exception to Comptroller's speech for giving "uncalled-for criticism of the banking industry" for cybersecurity breaches, rather than a call for vendors to step up their game. [4/21]
- Data Security Responsibility: OS Manufacturers, App Developers or Consumers
When it comes to mobile data security, each party has a role, but not equally. [4/21]
- House Committee Grapples with Regulator Overreach
Hearing by the House Financial Services Committee seeks to shed light on disparate impact, Operation Chokepoint and other restrictions that are making it harder for consumers to access legitimate sources of credit. [4/21]
- Heartbleed Watch: Here Come the Criminals
As fast as IT departments are working on protecting their computers from Heartbleed, criminals are racing to exploit it. Experts also warn of "phishing" attacks, in which criminals send millions of emails offering to protect recipients from Heartbleed by clicking a link or opening an email that will infect recipients' computers with malware. [4/21]
- CFPA Would Limit CFPB
A bill, called the Community Financial Protection Act, introduced in the Senate would place limits on the CFPB's supervisory authority for banks and credit unions with assets of $10 billion or less. [4/18]
