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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. Issuance of the Framework is notable as it represents the first official guidance by a U.S. It also calls for insurers to “take steps to mitigate existing silent risk, such as by purchasing reinsurance.”. Educate Insureds and Insurance Producers. The post New York Department of Financial Services Issues First Guidance by a U.S.

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Combat the increasing ransomware threat by educating employees

IT Governance

A recent Sophos survey of 2,700 IT managers in organisations with 100-5,000 employees around the world, revealed that many businesses are not prepared for ransomware attacks. Healthcare was the most affected industry (76%) and financial services the least (45%). Organisations of all sizes need to be better prepared for ransomware attacks, and with attacks developing in complexity and severity, it is important to address threats.

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The Third Modern Data Management Summit: Making Data Work!

Reltio

The third Modern Data Management annual summit ( #DataDriven19 ) held on February 26-27 2019 attracted more than 400 business and IT professionals getting together in San Francisco to witness the future of data management, share success stories and learn best practices. Speakers represented life sciences, healthcare, manufacturing, retail, consumer goods, financial services, consulting services, and hi-tech. Ankur Gupta, Sr. Product Marketing Manager, Reltio.

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#ModernDataMasters: Henrik Liliendahl, Chairman & CTO, Product Data Lake

Reltio

Henrik Liliendahl is an MDM and PIM expert; speaker and blogger ( www.liliendahl.com and [link] ) and the Co-Founder, Chairman and CTO of Product Data Lake a product information exchange service. I got good grades in mathematics at school but it was an evening class in secondary school that I took in what was then called EDP (Electronic Data Processing) that got me started. I was educated in computer engineering but my first job was on the business side. Kate Tickner, Reltio.

MDM 49
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FFIEC Updates Its Cybersecurity Guidelines For Financial Institutions

ForAllSecure

On October 3, 2022, the Federal Financial Institutions Examination Council's ( FFIEC ) updated its 2018 Cybersecurity Resource Guide for Financial Institutions. The guide also serves as an educational resource on the latest security technologies.

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FBI’s Vetted Info Sharing Network ‘InfraGard’ Hacked

Krebs on Security

Federal Bureau of Investigation (FBI) to build cyber and physical threat information sharing partnerships with the private sector, this week saw its database of contact information on more than 80,000 members go up for sale on an English-language cybercrime forum.

Sales 360
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Exclusive: Researchers dumped Gigabytes of data from Agent Tesla C2Cs

Security Affairs

Agent Tesla , first discovered in late 2014, is an extremely popular “malware-as-a-service” Remote Access Trojan (RAT) tool used by threat actors to steal information such as credentials, keystrokes, clipboard data and other information from its operators’ targets.

Retail 138
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The Importance of “Legacy” in Colleges and Universities

Rocket Software

Unfortunately, that may be more accurate than we would like to admit—or than it should be. . Most faculty are oblivious to mainframe technology and its potential value to their students. It may take a semester or two, but it always inevitably happens.

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US SEC warns investors of ongoing fraudulent communications claiming from the SEC

Security Affairs

The Securities and Exchange Commission (SEC) warns investors of attacks impersonating its officials in government impersonator schemes. Breaking News Cyber Crime Hacking fraud hacking news information security news IT Information Security Pierluigi Paganini Security Affairs Security News

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Understanding Blockchain and its Impact on Legal Technology, Part Two

eDiscovery Daily

Now, Tom has written another terrific overview regarding blockchain and legal technology titled Understanding Blockchain and its Impact on Legal Technology that we’re happy to share on the eDiscovery Daily blog. Much speculation centered around the name being based on a setting in the 1996 movie Rising Sun; however, it was believed the true authors were several cryptography and computer science experts of non-Japanese descent. It’s a hacker’s nightmare.

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Experts found a new TrickBot module (rdpScanDll) built for RDP bruteforcing operations

Security Affairs

TrickBot is a popular banking Trojan that has been around since October 2016, its authors have continuously upgraded it by implementing new features. “The new module was discovered on January 30, and its main functionality is to perform bruteforce operations on a list of targets.

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List of data breaches and cyber attacks in July 2019 – 2.2 billion records leaked

IT Governance

Department of Health Services email hacked exposing patient data (14,591). ME-based Penobscot Community Health Center says it was affected by AMCA hack (13,000). US telecoms company Sprint says it was breached via vulnerability in Samsung website (unknown). Hackers breach SyTech, a contractor for Russia’s national intelligence service (unknown). Alabama-based school says its systems have been wiped out, but won’t confirm whether ransomware is to blame (unknown).

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Ransomware infected systems at Xchanging, a DXC subsidiary

Security Affairs

Systems at Xchanging, a subsidiary of Global IT services and solutions provider DXC Technology was hit by ransomware over the weekend. Global IT services and solutions provider DXC Technology disclosed a ransomware attack that infected systems at its Xchanging subsidiary.

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Nation-state actors target critical sectors by exploiting the CVE-2021-40539 flaw

Security Affairs

Threat actors exploited a critical vulnerability, tracked as CVE-2021-40539 , in the Zoho ManageEngine ADSelfService Plus software, which is self-service password management and single sign-on solution. The NGLite backdoor allows running commands received through its C2 channel.

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SHARED INTEL: Microsoft discloses how the Nobelium hacking ring engages in routine phishing

The Last Watchdog

And yet, for all of its sophistication, Nobelium also engages in routine phishing campaigns to get a foothold in targeted organizations. In a blog posting , Microsoft disclosed that it “detected information-stealing malware on a machine belonging to one of our customer support agents with access to basic account information for a small number of our customers” and that “the actor used this information in some cases to launch highly targeted attacks as part of their broader campaign.”.

Phishing 194
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GUEST ESSAY: Few consumers read privacy policies — tools can now do this for them

The Last Watchdog

When was the last time you read an online privacy policy in its entirety? Financial services, health, home security, governance and all other mission critical services are now provided online. Each time we subscribe for an online service or install a mobile application, we are introduced with a document which explains in detail how our private data will be handled. Whenever offered with a possibility to protect the privacy of our data, we will take it.

Privacy 212
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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.

IoT 142
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GUEST ESSAY: The drivers behind persistent ransomware — and defense tactics to deploy

The Last Watchdog

Related: It’s all about ‘ attack surface management ‘ However, today’s perpetrator isn’t standing in front of you brandishing a weapon. From sharing emerging threat intelligence to developing new solutions and best practices to prevent and overcome attacks, it’s possible to reduce the impact of ransomware when it happens. Or they can pay it—and often see the information released anyway.

Education 120
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Linux Foundation expands open source certification program

Information Management Resources

It has seen massive acceptance in almost every sector, including financial services, government, education and even film production. Linux is the largest and most pervasive open source software project in the history of computing. Hardware and software Training Career advancement Online learning

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The Most Popular Data Security Webinars of 2022: Sovereignty, Cloud Security and Compliance Top the List

Thales Cloud Protection & Licensing

If you have already watched them, repetition is the mother of all education. Along with this shift, security challenges have changed and increased, and are top of mind for IT teams and security professionals. Security & Compliance for SAP Data in Financial Services.

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CIPL Publishes Discussion Paper on Digital Assets and Privacy

Hunton Privacy

As financial services authorities move to regulate digital assets in jurisdictions worldwide, the paper highlights the need to bring privacy regulators into the discussion so that data privacy issues affecting blockchain are addressed in tandem.

Paper 137
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Best Managed Security Service Providers (MSSPs)

eSecurity Planet

A wider range of providers are offering MSSP services today than ever before, and selecting the right vendor in such a heavily populated market can be a challenge. What are the strategies and processes behind the vendor’s managed services?

Cloud 98
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Report shows increase in social engineering

IT Governance

The report found that about 55% of social media attacks that impersonated customer-support accounts specifically targeted the customers of financial services companies. It is now more important than ever to train your staff on the risks of phishing attacks. Organisations need to educate their staff to be alert, vigilant and secure.

IT 43
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GDPR automated decision-making and profiling: what are the requirements?

IT Governance

There are three exceptions to this restriction: If it is necessary to perform a contract between the data subject and a data controller. If it is authorised by EU or member state law to which the data controller is subject. Profiling is most often used for marketing purposes, but it is also used in other areas, such as healthcare, financial services and education, where large volumes of data need to be analysed in order to make quicker and more consistent decisions.

GDPR 64
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A major cyber attack is a matter of when, not if

IT Governance

Ciaran Martin said he anticipates such an attack in the next two years: “I think it is a matter of when, not if and we will be fortunate to come to the end of the decade without having to trigger a category one attack.”. A C1 attack is one that might cripple infrastructure such as energy supplies and the financial services sector.

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ICYMI – Late December in privacy and cybersecurity

Data Protection Report

1. Colorado issued a revised draft of its privacy regulations, which added a list of what could be “substantial or material changes” to a privacy policy, which would require notice communicated to consumers in the manner by which the controller usually interacts with consumers.

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25% increase in confidential data theft

IT Governance

It has been revealed that there has been a 25% increase in the number of High Court cases involving stolen confidential data. One key contributory factor may be an increase in staff turnover, as employees may take key client and financial information with them when they leave. There are conflicting opinions when it comes to determining the causes of corporate data theft. Emm recommends staff education as part of a wider plan to reduce the likelihood of future threats.

IT 49
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Security in the finance sector: Whose role is it anyway?

CGI

Security in the finance sector: Whose role is it anyway? Thomson Reuters was recently quoted as saying, “Increased regulation isn’t just a temporary challenge for global financial institutions—it’s the new reality.”. A recent Financial Post article notes, “…analysts say that much of the hiring in the financial institutions sector has been on the risk management and compliance side. Finance service providers.

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Massive Losses Define Epidemic of ‘Pig Butchering’

Krebs on Security

It’s run by a fraud ring of cryptocurrency scammers who mine dating apps and other social media for victims and the scam is becoming alarmingly popular.” It’s a major problem with no easy answers, but also with victim volumes I’ve never seen before.

Marketing 306
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IBM teams up with organizations on AI incubator for social impact

IBM Big Data Hub

Alabama Appleseed is a public policy and direct service organization based in Montgomery and Birmingham that uses policy analysis, original research, public education, and community organizing to build a more just and equitable Alabama.

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Finance sector must simplify staff awareness training

IT Governance

Financial services firms must do more to educate employees about cyber security, according to the FCA (Financial Conduct Authority). What should financial organisations be doing? Ideally, financial organisations should go beyond the broad strokes of cyber security best practices and provide employees with in-depth, granular programmes that are tailored to the risks they face. How Cyber Security as a Service helps.

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Change Management: Enterprise Architecture for Managing Change

erwin

A systems change also could disrupt business operations more directly – if it turns out a new system is incompatible with the current technology infrastructure. Most often that’s because there’s a disconnect between an innovative idea and how it becomes reality.

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Attackers Use Bots to Circumvent Some Two-Factor Authentication Systems

eSecurity Planet

Underground services are cropping up that are designed to enable bad actors to intercept one-time passwords (OTPs), which are widely used in two-factor authentication programs whose purpose is to better protect customers’ online accounts. OTP Interception Services Emerge.

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HTML Smuggling Techniques on the Rise: Microsoft

eSecurity Planet

Bad actors are increasingly using a technique called HTML smuggling to deliver ransomware and other malicious code in email campaigns aimed at financial services firms and other organizations, according to Microsoft researchers. It’s a never-ending cat-and-mouse race.”.

Education 106
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BIPA Year in Review: Where Are We Now and What’s Coming Next?

Data Protection Report

Since its enactment in 2008, BIPA has been one of the most litigated privacy-related laws with some of the highest penalties. However, it wasn’t until last month that the first BIPA jury verdict was ever rendered.

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KnowledgeLake Growth in 2020 Driven by Increasing Demand for Cloud-based Intelligent Capture and Document Processing Automation 

Info Source

In 2020, KnowledgeLake also transitioned to an entirely channel-driven sales strategy, establishing a robust network of channel partners with expertise in implementation and professional services for customers in financial services, manufacturing, government, education, and other key segments. . “

ECM 59
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BEST PRACTICES: Mock phishing attacks prep employees to avoid being socially engineered

The Last Watchdog

In 2015, penetration tester Oliver Münchow was asked by a Swiss bank to come up with a better way to test and educate bank employees so that passwords never left the network perimeter. In short, it’s a perfect environment for cybercriminals to gather intelligence about us, then craft creative ruses to trick victims into installing malware that gives them a foothold. Promising metrics Since its launch in March 2015, Lucy has grown to 23 employees, with zero outside funding.

Phishing 131
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What is a Cyberattack? Types and Defenses

eSecurity Planet

These new attacks affect everything from private citizens and businesses to government systems; healthcare organizations; public services; and food, water, and fuel supply chains. Capital markets, insurance, financial services, and banking are now online.

Phishing 136
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What is Cybersecurity Risk Management?

eSecurity Planet

As data and IT infrastructure become more valuable by the day, cybersecurity risk management is increasingly important for enterprises with a steep cost for noncompliance or extensive, unaddressed vulnerabilities. What IT Assets Need Protection?

Risk 120
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ManageEngine Product Review

eSecurity Planet

ManageEngine is a division of Zoho Corporation and offers a full suite of IT management tools. The ManageEngine IT security portfolio spans everything from privileged access management (PAM) to network configuration to password management. ManageEngine’s key IT security solutions.