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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. individuals and businesses comply with ransomware payment demands in this October 2020 client alert.) regulator concerning the increasingly critical issue of cyberinsurance.

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Ireland: DPC Annual Report 2020: Enforcement & Transfers Dominate Agenda

DLA Piper Privacy Matters

In its second full year overseeing and regulating the GDPR in Ireland, the Data Protection Commission ( DPC ) has published its 2020 Annual Report , highlighting key observations, emerging guidance, and large scale inquiries and decisions of 2020. 90% of the recorded breach cases were concluded in 2020. Breach Notifications.

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Operation Cronos: law enforcement disrupted the LockBit operation

Security Affairs

Since January 2020, affiliates utilizing LockBit have targeted organizations of diverse sizes spanning critical infrastructure sectors such as financial services, food and agriculture, education, energy, government and emergency services, healthcare, manufacturing, and transportation. on January 5, 2020.

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KnowledgeLake Growth in 2020 Driven by Increasing Demand for Cloud-based Intelligent Capture and Document Processing Automation 

Info Source

Product Innovation, Expansion of Channel Program, and Robust Pipeline of Legacy ECM Migration Projects Result in Strong 2020 . Our success in 2020 illustrates that an increasing number of companies are looking to quickly set up and scale automated document processing in the cloud,” said Ron Cameron, CEO of KnowledgeLake.

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Cybersecurity agencies published a joint LockBit ransomware advisory

Security Affairs

organizations since 2020. organizations since 2020. The operation targeted many organizations in critical infrastructure sectors, including financial services, food and agriculture, education, energy, government and emergency services, healthcare, manufacturing, and transportation. law enforcement).

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

Security Affairs

According to the press release published by the Department of State , the Lockbit ransomware operators carried out over 2,000 attacks against victims worldwide since January 2020. LockBit ransomware attacks have resulted in ransom payments exceeding $144 million for recovery. reads the press release published by DoJ.

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Cloudflare: Mirai Botnet Launched Record-Breaking DDoS Attack

eSecurity Planet

Cloudflare last month fought off a massive distributed denial-of-service (DDoS) attack by a botnet that was bombarding 17.2 million requests per second (rps) at one of the internet infrastructure company’s customers in the financial services space. DDoS Attacks on the Rise. That prediction proved correct.