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Defending Financial Services Against Fraud in a Shifting Cyber Landscape

Thales Cloud Protection & Licensing

Defending Financial Services Against Fraud in a Shifting Cyber Landscape sparsh Tue, 11/14/2023 - 05:05 As we approach International Fraud Awareness Week during 12-18 November 2023, taking stock of the evolving threat landscape and the vulnerabilities that financial services organizations face is crucial.

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CHINA: New draft proposes more stringent requirements for processing data in the financial services industry

DLA Piper Privacy Matters

Access controls, storage media, backups, encryption, transfer controls and retention period must be determined based on the category, grade and level of Regulated Data. The Draft Measures reflects PBOC’s approach in implementing the DSL requirements within the financial services industry.

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LockFile Ransomware uses a new intermittent encryption technique

Security Affairs

Recently emerged LockFile ransomware family LockFile leverages a novel technique called intermittent encryption to speed up encryption. Sophos researchers discovered that the group is now leveraging a new technique called “intermittent encryption” to speed up the encryption process.

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Top 12 Cloud Security Best Practices for 2021

eSecurity Planet

CloudPassage’s 2021 AWS Cloud Security Report found that misconfiguration of cloud platforms (71 percent), exfiltration of sensitive data (59 percent), and insecure APIs (54 percent) are the top cloud security threats facing cybersecurity professionals. Does the provider encrypt data while in transit and at rest?

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Ransomware Protection in 2021

eSecurity Planet

All of your files are encrypted with RSA-2048 and AES-128 ciphers.” ” Or you might see a readme.txt stating, “Your files have been replaced by these encrypted containers and aren’t accessible; you will lose your files on [enter date] unless you pay $2500 in Bitcoin.” IMPORTANT INFORMATION !!! Statistics.

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Protecting Sensitive Data with Luna Key Broker for Microsoft Double Key Encryption

Thales Cloud Protection & Licensing

Protecting Sensitive Data with Luna Key Broker for Microsoft Double Key Encryption. Thu, 04/01/2021 - 14:04. Thales has integrated its Luna HSMs with DKE for Microsoft 365, which work together to enable organizations to protect their most sensitive data while maintaining full control of their encryption keys.

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BlackCocaine Ransomware, a new malware in the threat landscape

Security Affairs

Recently Cyber researchers for Cyble investigated an attack suffered by on May 30, 2021, by Nucleus Software, an India-based IT company in the Banking and Financial Services sector. The Ransomware perform file system enumeration while encrypting the victim files, then appends the extension “.BlackCocaine