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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.
- May 28, 2020 - 2:00PMPastMay 13, 2020 - 2:00PMPastMay 7, 2020 - 2:00PMPastMay 7, 2020COVID-19 has disrupted banking for good. The depth of change, and the speed at which it has occurred, has ratcheted up risk levels. The result? An environment ripe for financial crime – especially fraud, cybercrime, and money laundering. Banks can combat financial crime by using advanced digital technologies, revisiting their business continuity planning, adjusting their risk models, and...April 29, 2020 - 2:00PMPastApril 23, 2020 - 1:00PMPastMarch 19, 2020 - 2:00PMPastDecember 20, 2019Your bank is data-rich and can provide insight for future decisions. Machine learning is a way to tap into these data repositories to identify and profile important customer signals, turning raw data into pure gold. This latest infographic from Bridgeforce explains how this can work and how you can keep data analysis in-house. Access Content Here