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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 data protection level cannot be reduced even in the context of intra-group processing.

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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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Putting data storage at the forefront of cloud security

IBM Big Data Hub

Securing sensitive data in an evolving landscape Advancements like those in AI and quantum computing can pose new challenges to customers, especially those in highly regulated industries such as financial services, healthcare, telecommunications and more.

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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. Nucleus Software declared that it does not store customers’ financial data. BlackCocaine ” to the filenames of encrypted files.

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Slack Launched Encryption Key Addon For Businesses

Security Affairs

Slack announced today to launch encryption keys that will help businesses to protect their data. Slack announced today to launch encryption keys that will help businesses to protect their data. Slack announced today to launch encryption keys that will help businesses to protect their data. Admin Roles.

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China-linked Budworm APT returns to target a US entity

Security Affairs

The Budworm espionage group resurfaced targeting a U.S.-based This is the first time that Symantec researchers have observed the Budworm group targeting a U.S-based The group also targeted a hospital in South East Asia. The China-linked APT27 group has been active since 2010, it targeted organizations worldwide, including U.S.

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More details about Operation Cronos that disrupted Lockbit operation

Security Affairs

Lockbit ransomware group administrative staff has confirmed with us their websites have been seized. pic.twitter.com/SvpbeslrCd — vx-underground (@vxunderground) February 19, 2024 The operation led to the arrest of two members of the ransomware gang in Poland and Ukraine and the seizure of hundreds of crypto wallets used by the group.