article thumbnail

US bank regulator didn’t have safeguard on hacked email account

Bank Automation

Office of the Comptroller of the Currency didnt have a basic protection enabled on an email account hackers exploited to spy on the messages of more than 100 bank regulators for over a year, according to two people familiar with the matter.

article thumbnail

Processors lean on AI to fight fraud

Payments Dive

A few days after the senators’ announcement, the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency said they would seek to better address payments fraud. The agencies suggested increased collaboration, more industry education and improved supervision.

article thumbnail

Office Of The Comptroller Of The Currency Disclosed A Data Breach

PYMNTS

The Office of the Comptroller of the Currency (OCC) disclosed it was hacked in September, reported The Wall Street Journal last week. which has prompted lawmakers to spend part of 2016 looking into shortfalls in FDIC cybersecurity policies. The incident occurred in Nov.

article thumbnail

Regulators Say US Bank Cybersecurity Oversight Needs Streamlining

PYMNTS

Several regulators want to come up with a multi-agency cybersecurity approach that tests banks in a coordinated way. Cybersecurity regulators want a similar approach. “At regulators are saying cyberattacks pose the greatest risk to U.S. Right now, different regulators look at different pieces of the same bank.

article thumbnail

Join This Exclusive Gathering of Global Industry Experts at the 15th Nextgen Payments & Regtech Forum

Fintech Finance

Director, Payments and Cybersecurity at Toshiba Global Commerce Solutions Smitha Purohit, Director of Product, Blockchain, Crypto, and Digital Currencies at PayPal Stacy Armijo, Chief Experience Officer at Amplify Credit Union Stephanos Papadopoulos, Founder & Chief Executive Officer at Spatzia.eu

article thumbnail

5 Cyber Predictions for 2017: Will Your Fingerprints Get Hacked?

FICO

In the world of cybersecurity, 2016 was a banner year – and not in a good way. The good news is that businesses and consumers are also much more aware of cyber threats than they were 12 months ago, and that’s the jumping off point of my cybersecurity predictions for 2017. Consumers will care a lot more about their own cybersecurity.

article thumbnail

Bitcoin Daily: US Banks Eye Third-Party Custodians For Crypto Investors; UK FinTech Cashaa To Launch Crypto Bank In India

PYMNTS

Acting Comptroller Brian Brooks , speaking on a podcast recently, said banks in the U.S. were exploring ways to adopt crypto after the Office of the Comptroller of the Currency (OCC) made a decision over the summer letting banks provide custody of crypto.