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11 cyber security predictions for 2020

IT Governance

Ransomware will continue to increase. Cyber insurance has in some regions encouraged victims to pay as it is cheaper than remediation in some cases. The complexity of ransomware is such that there have been decoders released by attackers that have bugs that prevent the decryption of the data. Open banking will be targeted.

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New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process

Hunton Privacy

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No.

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The Week in Cyber Security and Data Privacy: 13 – 19 November 2023

IT Governance

a property management company in Kentucky Incident details: The ransomware group Hunters International has added Homeland, Inc. According to cryptoslate.com , it has now identified the person responsible for stealing the funds and is offering a $10 million reward for their return. to its leak site.

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SEC Announces Settled Charges Against First American for Cybersecurity Disclosure Controls Failures – Lessons Learned

Data Matters

On June 15, 2021, the SEC announced settled charges against First American Title Insurance Company (First American) for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information. 27, 2020). 15, 2020). 20, 2017). 5 83 FR 8166 (Feb. 2, Cybersecurity (Oct.

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CyberheistNews Vol 13 #13 [Eye Opener] How to Outsmart Sneaky AI-Based Phishing Attacks

KnowBe4

Blog post with links: [link] [Live Demo] Ridiculously Easy Security Awareness Training and Phishing Old-school awareness training does not hack it anymore. Your email filters have an average 7-10% failure rate; you need a strong human firewall as your last line of defense. back in 2020. doing so in 2022, a 93% increase.

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Who is Alleged Medibank Hacker Aleksandr Ermakov?

Krebs on Security

Authorities in Australia, the United Kingdom and the United States this week levied financial sanctions against a Russian man accused of stealing data on nearly 10 million customers of the Australian health insurance giant Medibank. Here’s a closer look at the activities of Mr. It’s not hard to see why.

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SEC Chair: Sweeping New Cybersecurity Rules Are Coming Soon

Data Matters

Stay Up to Date on SEC Alerts Related to Cybersecurity: For instance, in 2020 the Division of Examinations published three alerts related to cybersecurity (OCIE Cybersecurity and Resiliency Practices; Ransomware Alert; and Safeguarding Client Accounts against Credential Compromise). 27, 2020), available at [link].