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A report on efforts to deconflict federal cybersecurity regulations found the Treasury in particular has not completed its recommendations.

It is increasingly clear that joining a risk consortium is the best defense banks have against fraudsters who are increasingly powered by artificial intelligence.

Carter Pape covers cybersecurity for American Banker from Corvallis, Oregon. He was previously a reporter for The Times-Independent in Moab, Utah and holds a degree in mathematics from North Carolina State University. He is also an avid programmer and has worked in several software development roles.

The attack on AvidXchange, which the company said it learned about in early April, exposed its bank account numbers and some embarrassing security practices. It's part of a growing trend of data exfiltration attacks.

Alphv developers claimed responsibility for an attack that started last week against the payments and digital banking software maker. The ransomware is more sophisticated than many of its peers.