Links in “Cybersecurity/Data Breaches”
- The Three Major Card Issuers Look to Replace Card Numbers with Digital Tokens
Visa, Mastercard and American Express announced that they are considering replacing card account numbers with a digital token. The intent of the change is to increase the security of the online purchase process as a digital token can be restricted in how itâs used with a specific merchant, device, transaction, or category of transactions. [10/4]
- The Dropbox Problem
When enterprise tools don't support working mobile, employees turn to consumer tools, such as Dropbox, which can mean that sensitive customer information can end up in an environment outside the enterprise's control. [10/3]
- Cyber Defense Efforts Take a Hit During Shutdown
With Congress tied up in partisan politics, the country's cyber defenses, which are badly in need of improvements, take a back seat. [10/3]
- Cyber Security Month
It makes sense to review your efforts on cyber attack response and preparation during Cyber Security Awareness Month. [10/3]
- Cyber Security: No Longer a Threat to Be Taken Lightly
Cyber security is deemed an essential function during the government shutdown, a reminder that CUs should likewise see cyber security as essential. Here are some resources. [10/2]
- A United Approach to Preventing Cyber Attacks
The Financial Services Sector Coordinating Council, a group comprised of representatives from all aspects of the financial services industry, is looking for a united approach to combating cyber attacks. Future guidance is expected to be issued from the regulators. [9/27]
- The Return of Shylock Malware
Banking malware called Shylock has been retooled to target customers of 24 banks, including the four largest U.S. banks. [9/24]
- State Regulators to Conduct Exercise to Battle Corporate Account Takeover Attacks
Fourth year of national exercise will span two days and simulate different attack scenarios each day. [9/23]
- Another Day, Another Penalty: JPMC for ID Theft Product
The $60 million penalty along with referenced $300 million restitution focuses on an identity theft product that failed to deliver on all full benefits. The UDAAP principle in play merits review. [9/20]
- OCC Speaks Out on Cyber Security
Comptroller's speech highlights increased risk related to ever increasing reliance on technology and telecommunications and the cybersecurity risks between them. [9/19]
