Dave Heun (@PaymentsDave) profile picture

Dave Heun

@PaymentsDave

Associate editor for https://teapawt.net/t.co/mvchljDQbr and Arizent

 Chicago
Joined July 2011
  • Tweets2.5K
  • Following67
  • Followers1.7K
Feds bring sharper focus to security event notifications for banks ... and banks are fine with 36-hour window @FDICgov @federalreserve @USOCC americanbanker.com/news/repo…
Report data breaches within 36 hours? Banks are OK with that.

Report data breaches within 36 hours? Banks are OK with that.

Bankers were given a chance to weigh in on a new breach notification proposal, and federal regulators apparently took their comments to heart before issuing the final rule.

americanbanker.com
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That online banking site you put your password in may not be what it seems; @fTLD_Registry wants to make sure a #.bank domain helps security americanbanker.com/news/bank…
Banks combat rising threat of fake websites

Banks combat rising threat of fake websites

A new report finds that financial companies are the most targeted by fraudsters seeking to steal usernames and passwords. They're fighting back with specialized tracking technology, special domain...

americanbanker.com
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Customer interaction on a bank website can lead to fraud trouble if client-side apps not protected, says @FerootSecurity americanbanker.com/news/hack…
Hackers zero in on bank websites' third-party apps

Hackers zero in on bank websites' third-party apps

Criminals are finding weaknesses in the complex network of applications on banks' sites and exploiting them to launch attacks.

americanbanker.com
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Research from @CstoneAdvisors tells us bank customers have relied on branches and call centers as much as digital advancements during pandemic americanbanker.com/news/bran…
Branch, call center use is growing alongside digital banking

Branch, call center use is growing alongside digital banking

Many of the consumers who embraced online and mobile channels during the pandemic are seeking help from human bankers more than ever, according to research from Cornerstone.

americanbanker.com
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What happens to #POS terminal certification or standards processes in wake of #FBI raid on @paxtechnology? americanbanker.com/news/why-…
Why FBI probe of payment terminal maker PAX matters to banks

Why FBI probe of payment terminal maker PAX matters to banks

If law enforcement concludes that the company's devices were used in a cyberattack on U.S. companies, banks may need to change the way they choose, test and monitor point-of-sale equipment.

americanbanker.com
#Openbanking can produce several benefits when banks share and collaborate, says @Citi chief innovation officer americanbanker.com/news/lots…
'Lots of good' will come from open banking: Citi’s innovation chief

'Lots of good' will come from open banking: Citi’s innovation chief

Collaborations among rival banks and fintechs can be mutually beneficial, Vanessa Colella says. A recent example is a small-business loan portal Citi created that other banks can use.

americanbanker.com
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Verifying digital identities just got a boost as @TransUnion prepares to acquire @Sontiq1 and strengthen credit bureau services, tap into new markets americanbanker.com/news/tran…
TransUnion to expand identity services through Sontiq acquisition

TransUnion to expand identity services through Sontiq acquisition

The credit bureau's $638 million deal to buy the ID verification firm is its second M&A agreement in a little over a month to broaden its line of products and services that help customers combat...

americanbanker.com
.@Citi brings Request to Pay feature of The Clearing House @TCHtweets RTP into play for business and consumer instant pay option americanbanker.com/news/citi…
Citigroup offers business customers a way to get paid instantly

Citigroup offers business customers a way to get paid instantly

The bank is the first to offer a service from The Clearing House’s Real Time Payments network that lets businesses send bills to retail clients, who are given the option to pay them immediately.

americanbanker.com
The favorite tourist destinations in the U.S. are getting busy again, but fraudsters are also spending more time concentrating on the likes of Las Vegas @lasvegastourism and New York City, fraud researcher @feedzai says. americanbanker.com/news/frau…
Fraudsters prey on bank customers returning to tourist hot spots

Fraudsters prey on bank customers returning to tourist hot spots

Account takeovers and ATM skimming are rampant in cities like Las Vegas and New York. Meanwhile, scammers are targeting travelers as they attempt to pay airlines, cruise ships, car rental companies...

americanbanker.com
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With software vulnerability alerts flooding banks' IT teams, the push to better organize and prioritize #CVE lists gaining steam americanbanker.com/news/bank…
Banks, government perform triage as software vulnerabilities multiply

Banks, government perform triage as software vulnerabilities multiply

Cybersecurity teams are using scoring systems, standard formats and other tactics to prioritize the deluge of alerts they're receiving about commonly used programs.

americanbanker.com
Testing mode at FirstBank @efirstbank shows that smaller banks can provide customers with the faster payments options that large banks are deploying americanbanker.com/payments/…
Why this Colorado bank is testing faster payments from both FedNow, RTP

Why this Colorado bank is testing faster payments from both FedNow, RTP

FirstBank is working with the two major U.S. real-time payments systems so that it can suit the preferences of different customers. Its flexibility could set an example for regional and small...

americanbanker.com
The #phishing dangers that may start in an employee's laptop continue to pose plenty of dangers to financial institutions, experts say @Area1Security @selimaissi @dwolla americanbanker.com/news/bank…
Banks confront new type of phishing: 'Salami' attacks

Banks confront new type of phishing: 'Salami' attacks

Email scams in which hackers siphon small amounts of money from thousands of accounts at once are on the rise. Here's what banks are doing about it.

americanbanker.com
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If the color-coded facial verification process at @iProov takes hold, banks could see new authentication technology to secure onboarding and please their mobile and online banking customers americanbanker.com/news/faci…
Facial recognition tech is catching on with banks

Facial recognition tech is catching on with banks

As the need for easy-yet-secure mobile banking authentication escalates and consumers become used to logging in by looking into a camera, banks are taking the technology more seriously.

americanbanker.com
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Banks don't have a lot of networks in the cloud as of yet, but they will someday. Here's what they'll be keeping an eye, as @Microsoft reveals gaps in its @Azure database and @MSPowerApps americanbanker.com/news/what…
What Microsoft's Azure cloud security vulnerabilities mean for banks

What Microsoft's Azure cloud security vulnerabilities mean for banks

Though banks were not directly affected by security flaws discovered in Azure systems last week, they need to be aware of the kinds of misconfigurations that could lead to massive data breaches.

americanbanker.com
U.S. consumers finding password habit hard to break, but the work of @NokNokLabs, @FIDOalliance and other security tech teams making biometrics appealing americanbanker.com/news/wear…
Weary of passwords, mobile banking users warm to biometrics

Weary of passwords, mobile banking users warm to biometrics

For banks that want to replace usernames and passwords with more secure options, there's hope: Consumers are becoming more comfortable with biometrics, the technology is getting easier to use and...

americanbanker.com
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'For one thing, we are still using checks in the U.S.' an expert says as to why the U.S. may be slow to advance to digital currencies as @federalreserve preps for it americanbanker.com/news/tech…
Tech vendors endorse Fed's caution on central bank digital currency

Tech vendors endorse Fed's caution on central bank digital currency

The U.S.’s measured approach will allow it to learn from other countries that are pioneering their own cryptocurrencies, according to executives from IBM, R3 and Public Mint.

americanbanker.com
As banks try spread the news about #digitalcommerce, they'd like health care operations on board ... but sometimes they get 'blank stares' instead americanbanker.com/news/nudg…
Nudging businesses to go digital, bankers get 'blank stares'

Nudging businesses to go digital, bankers get 'blank stares'

Many customers in health care and other sectors remain resistant to new technologies. Here's how banks are trying to persuade them to adopt more efficient payments and back-office systems.

americanbanker.com
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'A fraudster's job is to get up every morning and try to perpetrate fraud and to steal' experts say, as online attacks move to gaming and a little less to banks americanbanker.com/news/frau…
Fraudsters pick new targets, but threats to banks persist

Fraudsters pick new targets, but threats to banks persist

Online attacks on travel and other nonfinancial industries grew at a much faster rate in the second quarter than those on financial services companies. Yet hackers pose considerable risk to banks and...

americanbanker.com
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What does a 'digital transformation' really mean for a community bank? @ErgoBank has found out with help from fintech #Neocova americanbanker.com/news/wisc…

Wisconsin bank out to prove tech overhauls possible for tiny players

The $119 million-asset Ergo Bank in Wisconsin, which is working with the fintech Neocova, says artificial intelligence and modern data management are attainable for even the smallest financial...

americanbanker.com
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Fraud fighters like @ArkoseLabs, @ShapeSecurity and @NuDataSecurity gaining confidence they can thwart the billions of bot attacks fraudsters automate to break into financial and personal accounts americanbanker.com/news/cybe…

Cyberdefense firms claim headway against 'credential stuffing'

Companies like Arkose Labs say they're so confident in their ability to deter the attacks — automated attempts to break into online banking sites using stolen usernames and passwords — that they can...

americanbanker.com
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