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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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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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Top 12 Cloud Security Best Practices for 2021

eSecurity Planet

Top 12 best practices for cloud security. The fourth biggest threat to public cloud security identified in CloudPassage’s report is unauthorized access (and growing – 53 percent, up from 42 percent in 2020). The post Top 12 Cloud Security Best Practices for 2021 appeared first on eSecurityPlanet. Enable security logs.

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Cybersecurity agencies published a joint LockBit ransomware advisory

Security Affairs

organizations since 2020. organizations since 2020. The operation targeted many organizations in critical infrastructure sectors, including financial services, food and agriculture, education, energy, government and emergency services, healthcare, manufacturing, and transportation. law enforcement). Red, LockBit 3.0/Black,

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US GOV OFFERS A REWARD OF UP TO $15M FOR INFO ON LOCKBIT GANG MEMBERS AND AFFILIATES

Security Affairs

According to the press release published by the Department of State , the Lockbit ransomware operators carried out over 2,000 attacks against victims worldwide since January 2020. LockBit ransomware attacks have resulted in ransom payments exceeding $144 million for recovery. reads the NCA’s announcement. “The

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

Security Affairs

Over the last 12 hours this infrastructure, based in three countries, has been seized by members of the Op Cronos taskforce, and 28 servers belonging to LockBit affiliates have also been taken down.” In 2022, LockBit was one of the most active ransomware groups, and its prevalence continued into 2023. on January 5, 2020.

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A Russian national charged for committing LockBit Ransomware attacks

Security Affairs

The US authorities arrested the man in Arizona last month DoJ states that from at least as early as August 2020 to March 2023, Astamirov and other members of the LockBit ransomware gang committed wire fraud and compromised many computer systems worldwide attempting to extort the victims of ransomware attacks. organizations since 2020.