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Fraud & Cybersecurity
CBA supports strong national data protection and consumer notification standards with effective enforcement provisions that are applicable to any party with access to important consumer financial information. CBA members are already subject to robust data protection and notification standards and these requirements must be recognized. Inconsistent state laws and regulations should be preempted in favor of strong Federal data protection and notification standards. CBA firmly holds that all parties must share in protecting consumers and, as such, the costs of a data breach should ultimately be borne by the entity that incurs the breach. Protecting consumer data is a shared responsibility, and merchants must have the same tough data security standards as financial institutions to thwart hackers as well as the ability to accept chip-based cards.
- November 4, 2021 - 2:00PMUpcomingNovember 2, 2021 - 12:00PMUpcomingOctober 27, 2021 - 2:00PMUpcomingOctober 18, 2021Synthetic identity fraudsters are some of the most patient criminals on earth. To bolster the appearance of legitimacy, they often weave a complex system of fraudulent online identities, dummy addresses and other tactics that can be very difficult to detect until it’s too late. Download this new white paper from Innovis to learn common attack methods, the people affected, the state of the problem...October 12, 2021 - 2:00PMPastOctober 7, 2021 - 2:00PMPastSeptember 30, 2021 - 2:00PMPastSeptember 29, 2021 - 12:00PMPastAugust 25, 2021 - 12:00PMPastAugust 16, 2021Dear Chairman Warner and Ranking Member Rubio, In the wake of recent ransomware and other cybersecurity attacks, we appreciate your efforts to improve the resilience of federal agencies and private critical infrastructure, emphasizing the importance of public-private collaboration in this ongoing fight. The financial services sector shares your commitment to cybersecurity and the value in sharing...