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New York Department of Financial Services Issues First Guidance by a U.S. Regulator Concerning Cyber Insurance

Data Matters

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. Educate Insureds and Insurance Producers. The post New York Department of Financial Services Issues First Guidance by a U.S. regulator concerning the increasingly critical issue of cyberinsurance.

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GUEST ESSAY: The drivers behind persistent ransomware — and defense tactics to deploy

The Last Watchdog

The FBI’s Internet Crime Complaint Center (IC3) received 3,729 ransomware complaints in 2021, representing $49.2 Healthcare and public health, financial services, and IT organizations are frequent targets, although businesses of all sizes can fall victim to these schemes. Prevalence. million in adjusted losses.

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FBI’s Vetted Info Sharing Network ‘InfraGard’ Hacked

Krebs on Security

Meanwhile, the hackers responsible are communicating directly with members through the InfraGard portal online — using a new account under the assumed identity of a financial industry CEO that was vetted by the FBI itself. InfraGard , a program run by the U.S. That InfraGard member, who is head of security at a major U.S.

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Cloudflare: Mirai Botnet Launched Record-Breaking DDoS Attack

eSecurity Planet

Cloudflare last month fought off a massive distributed denial-of-service (DDoS) attack by a botnet that was bombarding 17.2 million requests per second (rps) at one of the internet infrastructure company’s customers in the financial services space. This group is likely large, well-funded and dedicated.”.

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Remcos RAT campaign targets US accounting and tax return preparation firms

Security Affairs

In 2021, CISA added Remcos to the list of top malware strains due to its use in mass phishing attacks using COVID-19 pandemic themes targeting businesses and individuals. Tax Day, Microsoft has observed a new Remcos RAT campaign targeting US accounting and tax return preparation firms. LNK) files.

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Top GRC Tools & Software for 2021

eSecurity Planet

LogicManager’s GRC solution has specific use cases across financial services, education, government, healthcare, retail, and technology industries, among others. LogicManager’s GRC solution has specific use cases across financial services, education, government, healthcare, retail, and technology industries, among others.

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A Russian national charged for committing LockBit Ransomware attacks

Security Affairs

On April 26, 2021, Matveev and his Babuk coconspirators hit the Metropolitan Police Department in Washington, D.C. The group targeted municipal governments, county governments, public higher education and K-12 schools, and emergency services (e.g., law enforcement).