This report examines the financial services industry's involvement in open source, identifying:
The current state of governance, leadership, consumption, contribution, and culture
The obstacles and challenges to industry-wide collaboration
Actionable insights for improving the state of open source in financial...
The emergence of real-time payments has transformed the financial industry, but it has also opened the door to new threats and challenges for fraud prevention and anti-money laundering professionals in the US.
Download this e-Book to discover:
The latest trends in real-time payments
Effective strategies for...
The U.S. Securities and Exchange Commission and the state of New York have proposed new cybersecurity regulations. Fred Harris, managing director of Societe Generale, says it's a "watershed moment for the industry" and offers insights as to how financial institutions can manage these changes.
Rules coming in April could require publicly traded companies to disclose a breach within four days of deeming it material as well as board member cybersecurity expertise. The SEC in March 2022 proposed a mandate that companies disclose "material" incidents within four business days of discovery.
A U.S. federal court ruling this week is the latest setback for plaintiffs in an 8-year-old proposed class action litigation against health insurer CareFirst BlueCross BlueShield in the aftermath of a 2014 cyberattack that affected more than 1.1 million individuals.
The U.S. Consumer Financial Protection Bureau is mulling over whether to reimburse consumers for online scams and fraud, but this regulatory change could lead to an increase in first-party fraud, cautioned Karen Boyer, senior vice president of financial crimes at M&T Bank.
Underwriters spend 40% of their time on manual activities, representing an efficiency loss of $85-$160 billion over the next 5 years. To compete and win in today’s uncertain economy, insurers need the speed to adapt to rapidly changing risks and operational challenges.
Join this webinar for key takeaways including...
Recent high-profile breaches resulting from API attacks are "just the tip of the iceberg," said Gartner analyst Dionisio Zumerle. "What we have is a new way of exchanging information which is increasingly popular, and almost no organization has the recipe to secure that new way of communicating."
Silicon Valley Bank's new owner plans to double down on business with venture capital and private equity firms and the portfolio companies they serve. VC and PE-focused business accounts form the largest segment of the combined $143 billion loan portfolio of First Citizens and Silicon Valley Bank.
Cybersecurity startups that for decades turned to Silicon Valley Bank in a pinch will now find themselves working with a 125-year-old, North Carolina-based institution. First Citizens Bank has bought all Silicon Valley Bank deposits and loans from the FDIC, which rescued the bank after its collapse.
EMV chip technology has taken a major bite out of credit card fraud at the point of sale, but card-not-present fraud continues to flourish thanks to an age-old technology - the magnetic stripe, says Mark Solomon, international president, International Association of Financial Crimes Investigators.
In the latest weekly update, ISMG editors discuss how the Silicon Valley Bank crash will affect innovation in the cybersecurity space, why the SEC fined cloud provider Blackbaud $3 million for its "erroneous" breach details, and why the feds fined a web hosting firm in a kids' insurance site hack.
The former parent company of Silicon Valley Bank filed for Chapter 11 bankruptcy protection Friday in an effort to streamline the sale of its assets. Silicon Valley Bank itself isn't included in the reorganization filing since the FDIC took over the commercial banking business on March 10.
The Securities and Exchange Commission proposed a slew of new cybersecurity rules for the companies underpinning the U.S. stock market, the latest sign of increasing unhappiness among Biden administration officials about the private sector's management of digital risk.
Europe's largest bank, HSBC, agreed on Monday to buy the United Kingdom subsidiary of Silicon Valley Bank, and Canada's government took control of SVB's Canadian branch late Sunday. Regulators have stepped in to reassure depositors, and at least two other regional banks are facing liquidity issues.
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