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Cachet Financial Reeling from MyPayrollHR Fraud

Krebs on Security

It’s worth noting that the MyPayrollHR fraud wasn’t the first time Cachet has been tripped up by the demise of a payroll company: In 2016, the collapse of Monterey, Calif. But on Oct. 23 — less than 24 hours before another weekly payroll rush — Pasadena, Calif. But, on Sept. 1, 2019 to Aug.

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Q&A: Why SOAR startup Syncurity is bringing a ‘case-management’ approach to threat detection

The Last Watchdog

SOAR, if you haven’t heard, is a hot new technology stack that takes well-understood data mining and business intelligence analytics methodologies — techniques that are deeply utilized in financial services, retailing and other business verticals – and applies them to cybersecurity. Demisto launched in May 2016.

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MY TAKE: Coping with security risks, compliance issues spun up by ‘digital transformation’

The Last Watchdog

Consider that it was a misconfigured open-source Web Application Firewall , running on Amazon Web Services, that gave a former Amazon IT staffer a path to crack into this financial services giant. it’s almost a perfect storm.

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New York Proposes First-in-the-Nation Cybersecurity Regulation for Financial Institutions

Privacy and Cybersecurity Law

On September 13, 2016, the New York Department of Financial Services introduced a new rule that would require banks, insurance […].

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New York Announces Proposed Cybersecurity Regulation to Protect Consumers and Financial Institutions

Hunton Privacy

On September 13, 2016, New York Governor Andrew Cuomo announced a proposed regulation that would require banks, insurance companies and other financial services institutions to establish and maintain a cybersecurity program designed to ensure the safety of New York’s financial services industry and to protect New York State from the threat of cyber (..)

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FTC Seeks Comment on Proposed Changes to its GLBA Safeguards and Privacy Rules

Data Matters

The Safeguards Rule specifies that financial institutions subject to the FTC’s jurisdiction must develop, implement, and maintain a comprehensive information security program for handling customer data.

Privacy 68
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State Attackers Moving from Stealing Data to Social Meddling

Ascent Innovations

Few unexpected nation states are rising in the ranks of sponsored attackers, including spying on thousands of people across 20 countries via an Android malware campaign, and another one infiltrated Russia’s Cozy Bear liar and uncovered the hack of DNC during the 2016 elections. Cyber-social. End users continue to be the best line of defense.