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Financial Services Organizations Need to Adapt their Security Practices to the Shifting Environment

Thales Cloud Protection & Licensing

Financial Services Organizations Need to Adapt their Security Practices to the Shifting Environment. Thu, 11/05/2020 - 06:52. Even “traditional banks” seek to drive more revenue from digital products, personalized services and experiences. Labelled Industry 4.0, Weak security practices lead to data breaches.

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Operation Cronos: law enforcement disrupted the LockBit operation

Security Affairs

A joint law enforcement action, code-named Operation Cronos, conducted by law enforcement agencies from 11 countries has disrupted the LockBit ransomware operation. “We can confirm that Lockbit’s services have been disrupted as a result of International Law Enforcement action – this is an ongoing and developing operation.

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Historic Charges: First Enforcement Action Filed by New York Department of Financial Services Under Cybersecurity Regulation

Data Matters

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

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NY Charges First American Financial for Massive Data Leak

Krebs on Security

According to a filing (PDF) by the New York State Department of Financial Services (DFS), the weakness that exposed the documents was first introduced during an application software update in May 2014 and went undetected for years. First American released its first quarter 2020 earnings today.

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FBI obtained 7,000 LockBit decryption keys, victims should contact the feds to get support

Security Affairs

” In February, a joint law enforcement action code-named Operation Cronos conducted by law enforcement agencies from 11 countries temporarily disrupted the LockBit ransomware operation. on January 5, 2020. In 2022, LockBit was one of the most active ransomware groups, and its prevalence continued into 2023.

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EU Publishes New NIS2 Cyber Directive Imposing Liability and Obligations on Senior Management

Data Matters

trillion at the end of 2020 (double the figure of 2015) and continues to rise in the EU and globally notably due to ongoing geopolitical conflicts in Ukraine and Russia.

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Payments and Fintech: Addressing Key EU, UK and U.S. Cybersecurity Issues

Data Matters

July 21 & 22, 2020. Tuesday, July 21, 2020 – Register. PT | 11:00 a.m. Wednesday, July 22, 2020 – Register. BST | 11:00 a.m. Senior Associate, Banking and Financial Services Practice, London. ET | 4:00 p.m. CET | 5:00 p.m. Senior Associate, Cyber Risk Practice, Kroll. Max Savoie.