Mitigation

The ICBA ThinkTECH Accelerator cohort continues to demonstrate an increasing understanding of community banking and their challenges and opportunities, ICBA’s Charles Potts writes in a new blog post.

The Financial Crimes Enforcement Network proposed establishing a limited-duration pilot program for sharing suspicious activity reports, in accordance with Section 6212 of the Anti-Money Laundering Act of 2020.

The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary report details when and how to report cyber incidents to the federal government.

Acting Comptroller of the Currency Michael Hsu warned that stablecoins are at risk of experiencing the equivalent of a bank run and called for stricter regulation to promote stability.

The FDIC and Financial Crimes Enforcement Network announced a tech sprint to develop solutions that will help financial institutions and regulators measure the effectiveness of digital identity proofing.

Federal agencies issued a joint cybersecurity advisory on understanding and mitigating Russian state-sponsored cyber threats to U.S. critical infrastructure.