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Xchanging is a business process and technology services provider and integrator, which provides technology-enabled businessservices to the commercial insurance industry.
ransomware: The victims of the Lockfile ransomware gang are in the manufacturing, financialservices, engineering, legal, businessservices, and travel and tourism sectors. The HTA ransom note used by LockFile closely resembles the one used by LockBit 2.0
” The victims of the Lockfile ransomware gang are in the manufacturing, financialservices, engineering, legal, businessservices, and travel and tourism sectors. It is not clear how the attackers gain initial access to the Microsoft Exchange Servers.”
The Bank of England, the PRA (Prudential Regulation Authority) and the FCA (Financial Conduct Authority) have asked the UK’s banks and financialservices firms to report on their exposure to operational risks, such as cyber attacks, and explain how they would respond to system failures, such as those recently faced by Visa and TSB.
For one, many had defined the threat landscape too narrowly. What can we, as a Board or Management Committee, do to make sure the firm’s second line of defence is able to provide effective challenge to the first line on cyber-related matters?
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