Financial services Archives

The U.S. Treasury Department building is seen in Washington, D.C., on Jan. 19, 2023. (Photo by SAUL LOEB/AFP via Getty Images)

Ransomware attacks on financial sector targeted in House bill

The bipartisan proposal would require the Treasury secretary to detail public-private efforts to prevent and combat such incidents in a report to Congress.

Aug 8, 2024 By Matt Bracken

A security guard at Silicon Valley Bank monitors a line of people outside the office on March 13, 2023 in Santa Clara, California. (Justin Sullivan/Getty Images)

Scammers target Cloudflare CEO with Silicon Valley Bank-themed spearphishing

The collapse of the U.S. tech industry's bank of choice has prompted a massive amount of fraud attempting to capitalize on its downfall.

Mar 16, 2023 By Elias Groll

The Fearless Girl statue stands alone in front of the New York Stock Exchange near Wall Street during the coronavirus pandemic on April 25, 2020 in New York City. (Justin Heiman/Getty Images)

Watchdog warns FDIC fails to test banks’ cyberdefenses effectively

The agency’s Office of Inspector General says staff at the prudential regulator are not being kept abreast of the latest cyberthreats.

Feb 1, 2023 By John Hewitt Jones

Gary Gensler, Chair of the U.S. Securities and Exchange Commission, testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Sept. 14, 2021 in Washington, DC. (Photo by Evelyn Hockstein-Pool/Getty Images)

SEC’s Gensler signals enhancement of cybersecurity, breach disclosure rules for financial sector

The SEC joins TSA, the FCC and other feds who have imposed or are considering imposing additional disclosure requirements.

Jan 25, 2022 By Tim Starks

(L-R) Chairman of National Credit Union Administration (NCUA) Todd Harper, Chairman of Federal Deposit Insurance Corporation (FDIC) Jelena McWilliams and Acting Comptroller of the Currency Michael Hsu testify during a hearing before Senate Banking, Housing and Urban Affairs Committee at Dirksen Senate Office Building August 3, 2021. (Photo by Alex Wong/Getty Images)

Banks must report major cyber incidents within 36 hours under finalized regulation

Industry won some concessions in the final version of the rule, which banks must comply with by May.

Nov 19, 2021 By Tim Starks

(Photo by CHRIS DELMAS/AFP via Getty Images)

Robinhood breach exposed information on 7 million people

The company said it doesn't believe Social Security or bank account numbers were accessed.

Nov 9, 2021 By Tim Starks

(Photo by NHAC NGUYEN/AFP via Getty Images)

2021 ransomware transactions already exceed 2020 numbers, Treasury Department says

DarkSide and REvil were two of the most popular ransomware strains reported.

Oct 15, 2021 By Tonya Riley

People wait in their cars as they line up outside John F. Kennedy Library to collect unemployment forms in Hialeah, Florida, on April 8, 2020. (Photo by CHANDAN KHANNA/AFP via Getty Images)

Hacker, money launderer sentenced to prison for scamming tax preparers and COVID-19 relief programs

The scheme, which included a money laundering operation, netted $280,000 from COVID-19 relief in one state alone.

Sep 2, 2021 By Tim Starks

People walk by the Wall Street Bull near the New York Stock Exchange (NYSE) on August 10, 2021 in New York City. (Photo by Spencer Platt/Getty Images)

SEC fines brokerage firms over email hacks, customer data exposure

Collectively, the companies will pay $750,000.

Aug 31, 2021 By Tim Starks

U.S. President Joe Biden speaks during an event in the East Room of the White House on August 23, 2021 in Washington, D.C. (Photo by Drew Angerer/Getty Images)

Apple, JPMorgan Chase bosses among industry heads set to gather at White House for cyber ‘call to action’

The administration expects to make "concrete announcements" about tackling root causes of cyberattacks, a senior official said.

Aug 25, 2021 By Tim Starks