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FIN11 gang started deploying ransomware to monetize its operations

Security Affairs

Since August, FIN11 started targeting organizations in many industries, including defense, energy, finance, healthcare, legal, pharmaceutical, telecommunications, technology, and transportation. In recent attacks, the group was observed deploying the Clop ransomware into the networks of its victims.

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New financially motivated attacks in Western Europe traced to Russian-speaking threat actors

Security Affairs

At least two companies operating in pharmaceutical and manufacturing sectors have been affected. According to industry researchers, TA505 is known to have carried out attacks on banks, medical institutions retailers and other businesses in the past. Group-IB has immediately contacted the victims upon discovery.

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Cryptoassets and Smart Contracts – UK Offers Legal Clarity

Data Matters

On November 18, 2019, the UK Jurisdiction Taskforce, which is part of The English Law Society’s LawTech Delivery Panel , published its Legal Statement on the status of cryptoassets and smart contracts (the Legal Statement). 9 “ESMA Advice: Initial Coin Offerings and Crypto-Assets,” January 9, 2019. See [link]. Available at [link].

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Cryptoassets and Smart Contracts – UK Offers Legal Clarity

Data Matters

On November 18, 2019, the UK Jurisdiction Taskforce, which is part of The English Law Society’s LawTech Delivery Panel , published its Legal Statement on the status of cryptoassets and smart contracts (the Legal Statement). 9 “ESMA Advice: Initial Coin Offerings and Crypto-Assets,” January 9, 2019. See [link]. Available at [link].

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Regulatory Update: NAIC Summer 2021 National Meeting

Data Matters

The revised SAT, which the NAIC adopted in February 2020, incorporates a requirement for producers to act in the “best interest” of a retail customer when making a recommendation of an annuity. NAIC Continues Implementation of 2019 Revisions to the Credit for Reinsurance Model Law and Regulation Ahead of Upcoming Deadlines.

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Regulatory Update: NAIC Summer 2020 National Meeting

Data Matters

The Annuity Suitability Working Group (ASWG) led the NAIC’s multi-year efforts to develop revisions to the Suitability in Annuity Transactions Model Regulation (SAT) to incorporate a requirement for producers to act in the “best interest” of a retail customer when making a recommendation of an annuity. Revisions to SSAP No.

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List of data breaches and cyber attacks in April 2021 – 1 billion records breached

IT Governance

Maze/Egregor ransomware cartel estimated to have made $75 million Brokerage firm agrees to $3 million deal for New York cyber security rule violations National Australia Bank repays customers $687k for 2019 data breach. discloses security incident (unknown) St. discloses security incident (unknown) St. Will you be next?