On September 15, the American Bankers Association released instructions to educate consumers on how to use the computer chip embedded in new credit and debit cards.

On June 5, the American Bankers Association issued a press release outlining steps that consumers should take...

A national bank agreed to an Assurance of Voluntary Compliance with the attorneys general of Connecticut, Florida, Maine, Maryland, North Carolina, New Jersey, New York, Pennsylvania, and Vermont.

The CFPB announced a proposed amendment to Regulation P implementing the Gramm-Leach-Bliley Act.

A press release from the FDIC identifies five resources that financial services organizations should utilize to increase awareness of cybersecurity threats.

On April 22, the Financial Services Roundtable ("FSR"), an advocacy organization representing leading financial service providers, published a statement...

The CEO of Financial Services Roundtable testified before the U.S. Senate Committee on Homeland Security and Government Affairs on April 2, 2014.

On August 3, the Financial Services Roundtable announced an advertising campaign to urge the Senate to pass the Cyber Security Information Sharing Act.

On January 6, 2015, the Financial Industry Regulatory Authority ("FINRA") released its Regulatory and Examinations Priorities Letter.

On February 3, 2015, FINRA released its Report on Cybersecurity Practices.

On December 9, 2015, the House Financial Services Committee approved legislation to establish a national data breach notification standard and preempt notification laws in 47 states and the District of Columbia.

On April 13, the House passed a bill to relieve the Gramm-Leach-Bliley Act requirement that financial institutions send customers annual privacy notices explaining information-sharing practices...

Approximately 62 percent of consumers indicated that they preferred chip cards that also require a PIN number rather than cards that only have a chip and require a signature.

The cybersecurity examinations will now include reviews of: (i) corporate governance; (ii) protections against intrusion; (iii) information security testing and monitoring; (iv) cybersecurity insurance coverage; and (v) third-party protections.

The announcement includes a list of issues and factors that will be examined as part of the new cybersecurity assessments.

The New York Department of Financial Services mandates regular assessments for local banks to demonstrate cybersecurity preparedness.

On November 9, 2015, former Acting New York Superintendent of Financial Services requested input from federal and state regulators on proposed rules from the New York State Department of Financial Services...

On June 3, the New York Department of Financial Services issued New York's final BitLicense regulatory framework for virtual currencies such as Bitcoin.

On February 3, 2015, the SEC's OCIE released a summary of the results from its Cybersecurity Examination Initiative.

State Attorneys General Urge PIN Requirement For Chip Cards