As the digital assets market continues to grow, the White House has placed “urgency” on researching a potential U.S. Central Bank Digital Currency (CBDC) and the cybersecurity risks and benefits that come with it, according to a White House official. […]

The Government Accountability Office (GAO) is prodding the Federal Reserve System to take action on a GAO recommendation dating back to 2018 on the use of alternative data in underwriting processes. […]

Federal government financial regulators are seeking comment on a proposed rule looking to increase accountability for banks that experience cybersecurity incidents by implementing requirements that they report incidents to their primary regulators within 36 hours of discovery. […]

Rep. Patrick McHenry, R-N.C., on Sept. 24 introduced H.R. 4458, the Cybersecurity and Financial System Resilience Act of 2019, to combat cybersecurity threats facing the Federal Reserve System. […]

Synthetic identity theft has become the fastest growing type of financial crime in America and is often unreported and difficult to detect, according to a new Federal Reserve white paper. […]