Cybersecurity
Get the latest news and insights on cybersecurity regulations affecting financial advisors, broker-dealers, RIAs and others in the financial services industry.
Banks Brace for Era of Consumer Data Sharing
By Paige Smith & Katanga JohnsonThe CFPB says bank clients will be able to demand, download and transfer their highly-coveted data to other financial firms for free. The final rule should cover checking accounts, credit cards and digital wallets, but not mortgages, student loans or car loans.
October 04, 2024
How Advisors Plan to Use Tech to Boost Growth: SchwabAdvisors are interested in the potential of AI but have been slow and deliberate with implementation, Schwab finds.
September 30, 2024
TIAA Retail Customer Data Exposed in Vendor BreachData for close to 9,000 TIAA and TIAA-CREF Life customers was exposed, the firm said.
September 20, 2024
Pontera Links With New 'Tech-Forward' Recordkeeper in Wake of Fidelity ReversalThe new partnership with 401GO will enable financial advisors to be paid directly from 401(k) accounts.
September 17, 2024
What's Behind Fidelity's Move to Restrict 401(k) Login SharingThe move highlights tension between cybersecurity and the freedom of advisors and clients to use account data.
September 10, 2024
T. Rowe Price, New York Life Caught Up in Data Breach Affecting 6M CustomersData from at least three other financial services firms was compromised in a 2023 ransomware attack at IMS.
August 29, 2024
Data Firm Faces a Dozen Suits Over Social Security Number LeakThe breach of National Public Data may have compromised the Social Security numbers of 272 million people.
July 25, 2024
5 Ways to Be a Financial Super HeroYou may not be able to jump over tall buildings, but you can help identify money laundering.