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CHINA: New draft proposes more stringent requirements for processing data in the financial services industry

DLA Piper Privacy Matters

Authors: Carolyn Bigg, Amanda Ge and Venus Cheung On July 24, 2023, the People’s Bank of China (“ PBOC ”) released the Measures for the Management of Data Security in the Business Areas Falling into PBOC’s Jurisdiction (Draft for Comment) (“ Draft Measures” ) for public consultation, which closes on August 24, 2023.

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Industrial and Commercial Bank of China (ICBC) suffered a ransomware attack

Security Affairs

The Industrial and Commercial Bank of China (ICBC) suffered a ransomware attack that disrupted trades in the US Treasury market. The Industrial and Commercial Bank of China (ICBC) announced it has contained a ransomware attack that disrupted the U.S. ” reported the Financial Times. ” reported the Financial Times.

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U.S., U.K. Sanction 7 Men Tied to Trickbot Hacking Group

Krebs on Security

Department of the Treasury says the Trickbot group is associated with Russian intelligence services, and that this alliance led to the targeting of many U.S. Members of the Trickbot Group publicly gloated over the ease of targeting the medical facilities and the speed with which the ransoms were paid to the group.”

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Putting data storage at the forefront of cloud security

IBM Big Data Hub

Recent advances in areas like AI and quantum computing offer transformative potential for businesses, but may also bring new risks and security challenges. IBM is working to address these challenges and evolving threats by helping organizations support highly secure, resilient and durable storage through technology like Cloud Object Storage.

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Unmasking 2024’s Email Security Landscape

Security Affairs

Analyzing the Email Security Landscape and exploring Emerging Threats and Trends. VIPRE Security Group’s latest report, “Email Security in 2024: An Expert Insight into Email Threats,” delves into the cutting-edge tactics and technologies embraced by cybercriminals this year. million as malicious.

Security 125
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Payment Processing Giant TSYS: Ransomware Incident “Immaterial” to Company

Krebs on Security

In 2019, TSYS was acquired by financial services firm Global Payments Inc. Conti is one of several cybercriminal groups that maintains a blog which publishes data stolen from victims in a bid to force the negotiation of ransom payments. .” NYSE:GPN ]. ” TSYS declined to say whether it paid any ransom.

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Building for operational resilience in the age of AI and hybrid cloud

IBM Big Data Hub

For highly regulated industries, these challenges take on an entirely new level of expectation as they navigate evolving regulatory landscape and manage requirements for privacy, resiliency, cybersecurity, data sovereignty and more. This means actively minimizing downtime and closing gaps in the supply chain to remain competitive.

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