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FDIC, FRB and OCC Issue Interagency Guidance on Third-Party Relationships

Hunton Privacy

On June 6, 2023, the Federal Deposit Insurance Corporation (“FDIC”), the Board of Governors of the Federal Reserve System (“FRB”) and the Office of the Comptroller of the Currency (“OCC”) issued their final Interagency Guidance on Third-Party Relationships (“Guidance”).

Risk 64
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NIST Releases Final Cybersecurity Framework

Hunton Privacy

On February 12, 2014, the National Institute of Standards and Technology (“NIST”) issued the final Cybersecurity Framework , as required under Section 7 of the Obama Administration’s February 2013 executive order, Improving Critical Infrastructure Cybersecurity (the “Executive Order”).

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MY TAKE: A primer on how ransomware arose to the become an enduring scourge

The Last Watchdog

insurance giant Beazley Worldwide reported that the average ransomware demand in 2018 was more than $116,000, a figure admittedly skewed by some very large demands. And fully 91% of poll takers said their clients had been hit by ransomware in the past 12 months, with 40% reporting more than six separate attacks during the past year.

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An Approach to Cybersecurity Risk Oversight for Corporate Directors

Data Matters

Information security is not yet a science; outside of the handful of issues falling under the field of cryptography, there is no formalized system of classification. The most prepared cybersecurity programs of today will not attempt to implement a static, “out-of-the-box” solution to cyber risk. Principle 2. Principle 3.

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Top Cybersecurity Startups to Watch in 2022

eSecurity Planet

Information security products , services, and professionals have never been in higher demand, making for a world of opportunities for cybersecurity startups. With evolving attack methodologies due to machine learning, quantum computing, and sophisticated nation-state hackers, security startups are receiving record funding.