The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary warns that community institutions should anticipate that cybercriminals will attempt to capitalize on uncertainty following the collapse of Silicon Valley Bank.
President Joe Biden called on Congress to authorize tougher penalties for senior bank executives whose mismanagement contributed to their institutions failing.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s testimony from Treasury Secretary Janet Yellen that uninsured deposits will be protected only at depository institutions that pose systemic risks to the financial system.
Derek B. Williams, president and CEO of Century Bank & Trust in Milledgeville, Ga., was elected chairman of the Independent Community Bankers of America (ICBA) for 2023-24. His term begins March 16 at the conclusion of the ICBA LIVE national convention in Honolulu.
The Independent Community Bankers of America today announced the election of its 2023-24 Executive Committee during the 2023 ICBA LIVE national convention in Honolulu.
With the National Credit Union Administration meeting today on a rule to relax restrictions on issuing subordinated debt, a former NCUA official raised concerns in a recent blog post.
Incoming Independent Community Bankers of America Chairman Derek Williams urged community banks attending ICBA LIVE to fuel a legacy of compassion, courage and commitment that attracts and inspires others and illuminates the path forward.
It has been a continuous conversation over the past several years, and one that is gaining further momentum with each reported data breach—when, or should, banks shift to passwordless authentication?
Fraud remains a pervasive and growing problem for community banks—with tangible losses. According to a survey from LexisNexis Risk Solutions, every dollar lost to fraud costs U.S. financial services firms $4.23, 16 percent higher than in 2020.
Fraud remains a pervasive and growing problem for community banks—with tangible losses. According to a survey from LexisNexis Risk Solutions, every dollar lost to fraud costs U.S. financial services firms $4.23, 16 percent higher than in 2020.
As the payment card industry continues to strengthen its overall fraud posture with the introduction of security features like machine learning fraud detection, chip cards, EMV 3DS (previously termed 3DS 2.0), and one-time passcodes, criminals have resorted to classic techniques such as social engineering to successfully perpetrate account takeover attempts.
As consumer smart phone adoption has grown over the years, so has the share of online purchases transacted via mobile devices—and with it, incidents of fraud.
While cash is still considered to be the most secure form of payment by merchants and consumers, there are a litany of options—including checks, credit and debit cards, wire transfers, and ACH payments—and more recently, new and innovative solutions are emerging—further altering the payments ecosystem.
During her keynote speech at ICBA LIVE, Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey today told community bankers that ICBA’s advocacy, education and innovative efforts are driven by community banks' passion to succeed for their customers and communities.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on today’s announcement from the Federal Reserve.
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued this response following a joint statement released from the Treasury Department, FDIC, and Federal Reserve following Friday’s closure of Silicon Valley Bank.
Starting today, community bankers and industry leaders from across the country will gather for the 2023 Independent Community Bankers of America (ICBA) national convention, ICBA LIVE, at Hilton Hawaiian Village Waikiki Resort.
Amid a series of developments following the closure of Silicon Valley Bank on Friday, ICBA said it is ensuring the community banking voice is being heard while it reminded consumers they can bank with confidence at a community bank.
