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Ransomware Now Considered a “Crisis” in the Financial Services Sector

KnowBe4

A recent panel discussion of banking CISOs and experts at the SIBOS conference focused on the current state of ransomware and what institutions should do to protect themselves.

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Financial services continue to lead in cybersecurity preparedness, but chinks appear in the armor

Thales Cloud Protection & Licensing

Financial services continue to lead in cybersecurity preparedness, but chinks appear in the armor. It highlights the leadership of financial services in cybersecurity relative to other industries, but it also uncovers some surprising chinks in their cybersecurity armor. Malware and ransomware attacks increase.

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Managed Detection & Response for Financial Services

Data Breach Today

Ransomware. These are among the top threats to financial institutions of all sizes. Credential stuffing. But small-to-midsized ones are particularly challenged to detect and respond to threats. Arctic Wolf's Todd Thiemann discusses the value of managed detection and response.

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New York Unit of Worlds Largest Bank Becomes Ransomware Victim

KnowBe4

The ransomware attack on ICBC Financial Services caused disruption of trading of U.S. Treasuries and marked a new level of breach that could have massive repercussions.

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Ransomware at IT Services Provider Synoptek

Krebs on Security

Synoptek , a California business that provides cloud hosting and IT management services to more than a thousand customer nationwide, suffered a ransomware attack this week that has disrupted operations for many of its clients, according to sources. A now-deleted Tweet from Synoptek on Dec. A now-deleted Tweet from Synoptek on Dec.

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GUEST ESSAY: The drivers behind persistent ransomware — and defense tactics to deploy

The Last Watchdog

The internet has drawn comparisons to the Wild West, making ransomware the digital incarnation of a hold-up. The technology industry has met the dramatic rise in ransomware and other cyber attacks with an impressive set of tools to help companies mitigate the risks. Ransomware usually starts with a phishing email.

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Cuba Ransomware received over $60M in Ransom payments as of August 2022

Security Affairs

Cuba ransomware gang received more than $60 million in ransom payments related to attacks against 100 entities worldwide as of August 2022. The threat actors behind the Cuba ransomware (aka COLDDRAW, Tropical Scorpius ) have demanded over 145 million U.S. “Since spring 2022, Cuba ransomware actors have expanded their TTPs.