Security Affairs

DECEMBER 26, 2023

Resecurity, a Los Angeles-based cybersecurity company protecting Fortune 100 and government agencies worldwide, has compiled a comprehensive forecast outlining the imminent threats and novel security challenges anticipated in the upcoming year. Cybersecurity company Resecurity has published the 2024 Cyber Threat Landscape Forecast.

Energy and Utilities 129

Energy and Utilities Artificial Intelligence Ransomware Data breaches 129

IBM Big Data Hub

MARCH 20, 2024

Organizations in the financial services, healthcare and other regulated sectors must place an even greater focus on managing risk—not only to meet compliance requirements, but also to maintain customer confidence and trust. Similarly, in the U.S.

Cloud 74

Cloud Financial Services Risk Business Services 74

eSecurity Planet

FEBRUARY 16, 2021

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. A ransomware attack is about as bad as a cyber attack can get. Jump to: What is ransomware? How ransomware works. Preventing ransomware. Ransomware attacks and costs.

Ransomware 97

Ransomware Encryption Insurance Cloud 97

IBM Big Data Hub

NOVEMBER 7, 2023

Recent advances in areas like AI and quantum computing offer transformative potential for businesses, but may also bring new risks and security challenges. IBM Cloud Object Storage is built on the IBM Cloud Framework for Financial Services , which was designed to help clients focus on their security and compliance postures.

Cloud 82

Cloud Financial Services Security Compliance 82

Security Affairs

APRIL 8, 2020

On March 21, the Maze ransomware operators published some of the stolen files on their “leak site,” after the refusal of the research firm of paying the ransom. The attack took place on March 14th, 2020, when the Maze Ransomware operators exfiltrated data from the HMR’s network and then encrypt their systems.

Ransomware 107

Ransomware Data breaches Encryption Financial Services 107

Data Matters

MAY 4, 2022

By adding these two global market leaders, we are expanding our expertise to better support our clients with the ever growing risks associated with national security and cybersecurity matters across our multi-disciplinary practices.”.

Cybersecurity 167

Cybersecurity Marketing Security Privacy 167

Security Affairs

DECEMBER 17, 2023

CISA and ENISA enhance their Cooperation CISA adds Qlik bugs to exploited vulnerabilities catalog Report: 2.6

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Security Data breaches Ransomware Artificial Intelligence 94

Data Matters

OCTOBER 8, 2020

Treasury Department’s Office of Foreign Assets Control (OFAC) published an advisory that highlights the risk of potential U.S. individuals and businesses comply with ransomware payment demands. Payment is often demanded in bitcoin, and thus third-party services are often used to make such payments. Since 2015, the U.S.

Ransomware 68

Ransomware Compliance Risk Government 68

Thales Cloud Protection & Licensing

APRIL 29, 2024

However, a relentless barrage of data breaches, ransomware attacks, and sophisticated cyber threats steadily erodes this trust. Very Large Online Platforms (VLOPs), such as Facebook, Booking, and LinkedIn, and search engines like Google Search, will face stricter requirements for transparency, risk assessment, and content moderation.

Compliance 71

Compliance Cybersecurity Risk Manufacturing 71

Data Matters

JANUARY 28, 2022

The advisory was promptly endorsed by the National Cyber Security Centre, a division of Government Communications Headquarters (“GCHQ”), a UK intelligence agency. government, especially in light of ongoing tensions between the U.S. This is an important public action by the U.S. and Russia in Ukraine.

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Cybersecurity Financial Services Authentication Government 157

eSecurity Planet

NOVEMBER 17, 2022

Venables spent much of his presentation discussing the many ways Google Cloud reduces concentration risk (see slide below). Also read : Is the Answer to Vulnerabilities Patch Management as a Service? Ransomware is the most feared cybersecurity threat, and with good reason: Its ability to destroy and steal data is almost without peer.

Cloud 135

Cloud Encryption Ransomware Cybersecurity 135

Data Protection Report

NOVEMBER 2, 2023

On November 1, 2023, the New York Department of Financial Services (NYDFS) finalized the second amendment to its cybersecurity regulations, which are available here. a)(2) [automated scans], 500.7, [risk assessment] 500.14(a)(2) a)(2) [risk-based controls] and 500.14(b) d) and 500.22(e)),

Cybersecurity 105

Cybersecurity Compliance Financial Services Government 105

Security Affairs

APRIL 6, 2023

A digital identification tool provided by OCR Labs to major banks and government agencies leaked sensitive credentials, putting clients at severe risk. Its services are used by companies and financial institutions including BMW, Vodafone, the Australian government, Westpac, ANZ, HSBC, and Virgin Money.

IT 96

IT Financial Services Access Risk 96

Schneier on Security

JANUARY 31, 2024

The rules would ensure people can obtain their own financial data at no cost, control who it’s shared with and choose who they do business with in the financial industry. The best way for financial services firms to meet the CFPB’s rules would be to apply the decoupling principle broadly.

Financial Services 106

Financial Services Privacy Personal data Marketing 106

Data Matters

JUNE 24, 2021

The SEC is considering enhancing its disclosure rules concerning cybersecurity risk governance and has indicated a target release date of October 2021. enable companies to identify cybersecurity risks and incidents. evaluate the significance associated with such risks and incidents. Lessons Learned From the SEC’s Order.

Cybersecurity 68

Cybersecurity Financial Services Risk Compliance 68

IBM Big Data Hub

FEBRUARY 26, 2024

The financial services industry has been in the process of modernizing its data governance for more than a decade. But as we inch closer to global economic downturn, the need for top-notch governance has become increasingly urgent. The post 6 benefits of data lineage for financial services appeared first on IBM Blog.

Financial Services 92

Financial Services Cloud Metadata Digital transformation 92

Security Affairs

APRIL 20, 2023

In 2022, the ICICI Bank’s resources were named a “critical information infrastructure” by the Indian government – any harm to it can impact national security. Employees, businesses, and individuals whose data were exposed could be at risk of spear phishing campaigns,” added researchers. million files belonging to ICICI Bank. “For

Personal data 98

Personal data Phishing Risk Financial Services 98

eSecurity Planet

JUNE 16, 2022

Encrypted threats spiked 167%, ransomware increased 105%, and 5.4 These new attacks affect everything from private citizens and businesses to government systems; healthcare organizations; public services; and food, water, and fuel supply chains. Ransomware. Ransomware is the fastest-growing trend. Mobile attacks.

Ransomware 145

Ransomware Cybersecurity Phishing Encryption 145

IT Governance

AUGUST 26, 2021

For example, financial services firms may be worried about employees breaching insider trading laws. A hybrid working model creates new security risks for organisations – not least because data is frequently transferred between office-based and remote employees. Addressing technical vulnerabilities.

Compliance 119

Compliance Data breaches Privacy Risk 119

The Last Watchdog

SEPTEMBER 10, 2019

million and grown to 42 employees, winning customers in leading media firms, financial services companies and government agencies in the Nordics. We put lots of effort into making sure that the customer’s staff understands what sort of security risks they’re facing,” Sundberg told me.

Cloud 171

Cloud Security Digital transformation Financial Services 171

Hunton Privacy

FEBRUARY 25, 2021

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. billion were made under property/casualty policies that were silent about cyber risks.

Insurance 70

Insurance Cybersecurity Risk Education 70

Hunton Privacy

AUGUST 15, 2022

On July 29, 2022, the New York Department of Financial Services (“NYDFS”) posted proposed amendments (“Proposed Amendments”) to its Cybersecurity Requirements for Financial Services Companies (“Cybersecurity Regulations”). As part of the “risk assessment” requirements under Section 500.9

Financial Services 55

Financial Services Cybersecurity Risk Passwords 55

KnowBe4

FEBRUARY 14, 2023

In addition to mandatory and routine training and security tools, the best way to ensure employees are vigilant about potential risks is to help them reframe their online mindset while encouraging them to leverage critical thinking in evaluating and defending against internal and external threats," Watson says.

Phishing 83

Phishing Security awareness Compliance Risk 83

KnowBe4

MARCH 28, 2023

Not until an employee sends a reply, runs an attachment, or fills in a form is sensitive information at risk. This enormous security gap leaves you open to business email compromise, session hijacking, ransomware and more. Per the Ecuadorian government, these attacks were fueled by attempts to intimidate the media.

Phishing 85

Phishing Security awareness Insurance Cybersecurity 85

eSecurity Planet

AUGUST 10, 2023

Threat intelligence feeds are continually updated streams of data that inform users of different cybersecurity threats, their sources, and any infrastructure impacted or at risk of being impacted by those threats. The massive, crowdsourced approach OTX takes limits the possibility of effective quality assurance. critical infrastructure.

Cybersecurity 96

Cybersecurity Access Metadata Energy and Utilities 96

The Last Watchdog

MAY 26, 2022

It is now more important than ever for companies to share cyberattack and ransomware data with the government to ensure that we can defend and prepare much better than before. Ransomware payments must be reported within 24 hours, and all cyber incidents must be declared within 72 hours.

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Ransomware Government Agriculture Encryption 305

DLA Piper Privacy Matters

JULY 30, 2019

Beyond data breach notification laws relating to personal information, the covered entity and service provider’s rights and obligations relating to cyber incidents are often defined by contract. At least nine states expressly extend these requirements to service providers. Proactive steps.

Data breaches 45

Data breaches Cybersecurity Financial Services Risk 45

Data Protection Report

APRIL 9, 2024

The CIRCIA was originally enacted in part as a response to recent attacks on critical infrastructure, such as the ransomware attack on Colonial Pipeline in May 2021, but CISA’s proposed regulations take a surprisingly broad view of who may be considered a covered entity and what incidents are reportable.

Ransomware 84

Ransomware Agriculture Cybersecurity Government 84

Data Matters

APRIL 23, 2018

A high-profile cyber incident may cause substantial financial and reputational losses to an organization, including the disruption of corporate business processes, destruction or theft of critical data assets, loss of goodwill, and shareholder and consumer litigation. Creating an enterprise-wide governance structure.

Cybersecurity 60

Cybersecurity Risk Passwords Authentication 60

IT Governance

JULY 31, 2019

Croatian government targeted by mysterious hackers (unknown). Two Puerto Rico hospitals report ransomware attacks (520,000). Alabama-based school says its systems have been wiped out, but won’t confirm whether ransomware is to blame (unknown). Ransomware. School District blames ransomware for power outage (unknown).

Data breaches 111

Data breaches Ransomware Personal data Government 111

eSecurity Planet

JANUARY 27, 2022

As threats mount from ransomware gangs , Russian-backed hacker groups , and other nation-sponsored attackers and as the growth in remote work makes security management increasingly complicated, many companies are finding it makes sense to turn to a managed security service provider (MSSP) for help with handling an extremely complex threat landscape.

Security 108

Security Cloud Compliance Analytics 108

Data Protection Report

NOVEMBER 3, 2017

Companies should include in their Incident Response Plan (IRP) emergency situations like DDoS or Ransomware attacks that have the propensity to affect critical business operations. DDoS Mitigation. As mentioned previously, DDoS attacks could result in litigation or regulatory scrutiny for a variety of reasons.

IoT 40

IoT Communications Risk Passwords 40

Data Protection Report

AUGUST 11, 2022

On July 29, 2022, the New York Department of Financial Services (NYDFS) announced a “pre-proposed outreach” of material proposed changes to almost every section of its cybersecurity regulations, and would affect each entity covered by the current regulations of 23 NYCRR Part 500. Governance. The Proposed Regulation Changes.

Cybersecurity 59

Cybersecurity Risk Passwords Compliance 59

IT Governance

DECEMBER 11, 2023

suffers second ransomware attack in months Having been struck by a ransomware attack in October by the BlackSuit group , which led to operations and appointments being postponed, Akumin Inc. has suffered a second attack, this time by the BianLian ransomware group. Data breached: more than 59 million data records. Akumin Inc.

Data Privacy 101

Data Privacy Energy and Utilities Privacy Manufacturing 101

eSecurity Planet

MARCH 26, 2021

The Biggest Ransomware Demand in History. The latest episode in the story is Acer Computer, who fell victim to a ransomware attack. While ransomware attacks have become a ubiquitous event these days, what makes this attack distinctive is the ransom demand itself. . REvil uses the Ransomware 2.0

Ransomware 57

Ransomware Authentication Financial Services Military 57

Data Matters

MARCH 21, 2022

Congress has passed a significant new cybersecurity law that will require critical infrastructure entities to report material cybersecurity incidents and ransomware payments to the Cybersecurity and Infrastructure Security Agency (CISA) within 72 and 24 hours, respectively. Background. a supply chain compromise.

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Ransomware Cybersecurity Agriculture Communications 97

eSecurity Planet

OCTOBER 14, 2021

In recent years, ransomware has gotten the lion’s share of attention from the highest levels of the tech and security industries as well as the federal government, including the Biden Administration. million requests per second against a target in the financial services industry. DDoS an Ongoing Threat.

IoT 108

IoT Cloud Ransomware Financial Services 108