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New York Department of Financial Services Issues First Guidance by a U.S. Regulator Concerning Cyber Insurance

Data Matters

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. Educate Insureds and Insurance Producers. Thereafter, in 2019, the department created a Cybersecurity Division to focus specifically on protecting industries and consumers from cyberthreats. Evaluate Systemic Risk.

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Operation Cronos: law enforcement disrupted the LockBit operation

Security Affairs

pic.twitter.com/SvpbeslrCd — vx-underground (@vxunderground) February 19, 2024 LockBit is a prominent ransomware operation that first emerged in September 2019. Lockbit ransomware group administrative staff has confirmed with us their websites have been seized.

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FBI obtained 7,000 LockBit decryption keys, victims should contact the feds to get support

Security Affairs

LockBit is a prominent ransomware operation that first emerged in September 2019. The FBI is informing victims of LockBit ransomware it has obtained over 7,000 LockBit decryption keys that could allow some of them to decrypt their data. The NCA reached out to victims based in the UK providing support to help them recover encrypted data.

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Regulatory Update: NAIC Summer 2019 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2019 National Meeting (Summer Meeting) in New York City from August 3 to 6, 2019. The amended regulation took effect on August 1, 2019, for annuity products and will become effective on February 1, 2020, for life insurance products.

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US GOV OFFERS A REWARD OF UP TO $15M FOR INFO ON LOCKBIT GANG MEMBERS AND AFFILIATES

Security Affairs

LockBit is a prominent ransomware operation that first emerged in September 2019. -based servers used by LockBit members in connection with the LockBit disruption.” Additionally, the US authorities has unveiled indictments against two Russian nationals, accusing them of conspiring to carry out LockBit attacks.

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More details about Operation Cronos that disrupted Lockbit operation

Security Affairs

LockBit is a prominent ransomware operation that first emerged in September 2019. The LockBit ransomware operation operated under a Ransomware-as-a-Service (RaaS) model, recruiting affiliates to carry out ransomware attacks through the utilization of LockBit ransomware tools and infrastructure.

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Experts found a new TrickBot module (rdpScanDll) built for RDP bruteforcing operations

Security Affairs

For example, in February 2019 Trend Micro detected a variant that includes a new module used for Remote App Credential-Grabbing. ” The module appears to be under development, but experts pointed out that threat actors already used it to target organizations, mostly in telecoms, education, and financial services sectors.