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U.S. Treasury Department Seeks Public Comment On Potential Federal Cyber Insurance Program

Data Matters

Treasury Department is seeking public comment on the need and scope for a potential federal insurance response to catastrophic cyber incidents, akin to the one put in place for terrorism insurance after the attacks of September 11, 2001. The request, published by the Federal Insurance Office (FIO) in the U.S. Background.

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Pharmaceutical giant Cencora discloses a data breach

Security Affairs

formerly known as AmerisourceBergen, is an American drug wholesale company and a contract research organization that was formed by the merger of Bergen Brunswig and AmeriSource in 2001. The company discovered the security breach on February 21 and immediately launched an investigation into the incident. Cencora, Inc.

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Phishers Target Anti-Money Laundering Officers at U.S. Credit Unions

Krebs on Security

The USA Patriot Act , passed in the wake of the terror attacks of Sept 11, 2001, requires all financial institutions to appoint at least two Bank Secrecy Act (BSA) contacts responsible for reporting suspicious financial transactions that may be associated with money laundering. On the morning of Wednesday, Jan.

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A Cyber Insurance Backstop

Schneier on Security

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. 11, 2001, terrorist attacks. The 9/11 attacks cost insurers and reinsurers $47 billion.

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Russians Shut Down Huge Card Fraud Ring

Krebs on Security

In a statement released this week, the Russian Federal Security Service (FSB) said 25 individuals were charged with circulating illegal means of payment in connection with some 90 websites that sold stolen credit card data. In 2006, Stroganov and an associate Gerasim Silivanon (a.k.a. authorities in 2017.

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FFIEC Guidance on Authentication and Access to Financial Institution Services and Systems

Data Matters

The Guidance is not intended to serve as a comprehensive framework but rather provides financial institutions with examples of effective risk management practices without endorsing any specific information security framework or standard. The 2005 guidance replaced a 2001 version of the same document. identification of high-risk users.

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Part 3: OMG! Not another digital transformation article! Is it about effecting risk management and change management?

ARMA International

Commissioned by organizers to predict worst-case scenarios for the Munich games, [Georg] Sieber came up with a range of possibilities, from explosions to plane crashes, for which security teams should be prepared. Here, Part 3 discusses how to manage the various DT risks. Many organizations have business case templates.