A dollar of retail fraud now costs merchants about $3.13 to deal with on average, according to data from LexisNexis Risk Solutions.

Zurich Insurance Group announced that Peter Giger will join the Group on October 1, 2019, as Group Chief Risk Officer and a member of Zurich’s Executive Committee.

This summer, more than one million Capital One clients had their information breached, furthering the financial sector’s infamous reputation of being the most breached industry with 35 percent of all data breaches. 

A Chicago-based futures brokerage will pay $1.5 million for letting cyber criminals breach the firm’s email systems and withdraw $1 million from a customer’s account.

Based in Marble Falls, American Bank of Texas, N.A. provides banking and other financial services for the Highland Lakes, Austin, San Antonio, Seguin, Fredericksburg and Temple areas.

Visa Inc. announced that Paul D. Fabara will join Visa as Chief Risk Officer, effective Sept. 3.

Further investigation on Paige A. Thompson, the hacker accused of causing the Capital One data breach, has determined that Capital One wasn’t her only victim. She appears to have stolen sensitive data from more than 30 other companies.

Monzo, an UK digital bank, admits to a data breach that affects more than 500,000 customers. 

The Financial Industry Regulatory Authority (FINRA) has fined Citigroup Global Markets Inc. $1.25 million for failing to conduct timely or adequate background checks on approximately 10,400 non-registered associated persons spanning a seven-year period.

American International Group, Inc. announced that Tom Parker will join the company as Deputy Chief Information Security Officer.