In The News

FinTech Convergence, Not Collision

It may not be obvious to consumers, but the financial and tech industries are converging in the digital world as new technologies offer added convenience, security, and opportunity. This process has given rise to a now-common term – FinTech. FinTech foreshadows what the convergence of these two industries will mean in the near future: It’s...

Financial Industry Looks to Automate Information Sharing for Cybersecurity Risks

Now that the federal government is encouraging companies to voluntarily share information about the cybersecurity threats they face and the steps they are taking to mitigate those risks, the financial services industry wants to continue to automate that sharing process. Over the past few years, the financial industry has taken steps to automate...

Hearing planned next month on cyber insurance

The House Homeland Security Committee will hold a hearing in the next month on bolstering cyber insurance, an aide said today. The committee has been meeting with industry and now plans "a hearing in March trying to figure out how to go from here, and how to build a robust cyber insurance market," said Brett DeWitt, cybersecurity staffer for...

WEDNESDAY BUZZ: THE RISE OF .BANK

The financial industry is rapidly adopting a new tactic in the fight against cybercrime. Plus: the state of frequent flyer perks. Cybersecurity remains a key challenge for financial institutions, with cybercrime potentially threatening banks, investors, and customers alike. A number of measures have been adopted over the years to improve...

Podcast: Chris Feeney on Why Regulators, Agencies Need to Avoid Conflicting Advice on Cyber Guidance

Conflicting cybersecurity guidance from banking regulators and a federal agency is making it more difficult for CISOs to set priorities, says Chris Feeney, president of BITS, the technology and policy division of the Financial Services Roundtable. Regulators and agencies need to improve collaboration so they can send a consistent message about the...