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FDIC's McWilliams: Data breaches could lead to fines for banks

Tuesday, August 6, 2019   (0 Comments)
Posted by: Amanda Averch
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Banks that suffer breaches after being warned about cybersecurity vulnerabilities could face fines and ratings downgrades, said Federal Deposit Insurance Corp. Chairman Jelena McWilliams. Such fines could come from the FDIC, McWilliams said.

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