FDIC Is Updating Its Cyber Security Policy After 2015 Data Breach

A congressional committee criticized the FDIC’s handling of more recent data breaches. The U.S. Federal Deposit Insurance Corporation is updating cyber security policies after a 2015 data breach in which a former employee kept copies of sensitive information on how banks would handle bankruptcy, the regulator’s chief said on Thursday. FDIC Chairman Martin Gruenberg also…

Swift Hires Cybersecurity Firms Following Customer Breaches

Swift, operator of the world’s largest money-transfer system, said it has hired a pair of information-security firms to help it scrutinize customers’ use of its systems and detect attempted hacks, following a series of breaches at user sites in recent months. The Brussels company, whose full name is the Society for Worldwide Interbank Financial Telecommunication, has been…

Google and Facebook Quietly Escalate Their Cyber-War on ISIS

The two tech giants have stepped up their fight using the same technology used to remove videos with copyrighted content. Silicon Valley has long struggled with how to police inappropriate or even criminal content. Earlier this year, Microsoft, Facebook, YouTube, and Twitter agreed to work with the European Union to identify and combat hate speech…