Hunton Privacy

NOVEMBER 23, 2022

On November 9, 2022, the New York Department of Financial Services (NYDFS) released its second, proposed amendments to the Part 500 Cybersecurity Rule. Any cybersecurity event that affects a third-party service provider that also affects the covered entity. Penetration Testing, Vulnerability Assessments and Risk Assessments.

Financial Services 55

Financial Services Cybersecurity Ransomware Compliance 55

IBM Big Data Hub

JULY 31, 2023

Financial services companies are considered institutions because they manage and move the core aspects of our global economic system. And the beating heart of financial institutions is the IBM mainframe. Couldn’t execs have run better analyses to spot risks within the data? million customers.

Financial Services 50

Financial Services Digital transformation Computer and Electronics Analytics 50

Data Matters

FEBRUARY 10, 2021

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. 2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. Insurers should: Establish a Formal Cyber Insurance Risk Strategy.

Insurance 77

Insurance Financial Services Cybersecurity Risk 77

Security Affairs

OCTOBER 14, 2020

G7 Finance ministers expressed concern on Tuesday over the rise in ransomware attacks during the Covid-19 pandemic, including some involving cryptocurrencies. G7 Finance ministers warn of ransomware attacks that have been growing in scale, sophistication, and frequency over the past two years. ” continues the statement.

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Ransomware IT Financial Services Data Privacy 132

The Last Watchdog

SEPTEMBER 7, 2022

The internet has drawn comparisons to the Wild West, making ransomware the digital incarnation of a hold-up. The technology industry has met the dramatic rise in ransomware and other cyber attacks with an impressive set of tools to help companies mitigate the risks. Ransomware usually starts with a phishing email.

Ransomware 124

Ransomware Education Phishing Financial Services 124

Hunton Privacy

JULY 12, 2021

On June 30, 2021, the New York State Department of Financial Services (“NYDFS,” the “Department”) issued guidance to all New York state regulated entities on ransomware (the “Guidance”), identifying controls it expects regulated companies to implement whenever possible.

Ransomware 102

Ransomware Security Financial Services Cybersecurity 102

Security Affairs

MARCH 19, 2022

The Federal Bureau of Investigation (FBI) reported that AvosLocker ransomware is being used in attacks targeting US critical infrastructure. The Federal Bureau of Investigation (FBI) published a joint cybersecurity advisory warning of AvosLocker ransomware attacks targeting multiple US critical infrastructure. Pierluigi Paganini.

Ransomware 115

Ransomware Passwords Encryption Financial Services 115

Thales Cloud Protection & Licensing

OCTOBER 24, 2024

New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024 madhav Fri, 10/25/2024 - 06:09 The next major deadline for compliance with the updated cybersecurity rules from the New York State Department of Financial Services (NYDFS) is November 1, 2024.

Cybersecurity 62

Cybersecurity Financial Services Encryption Compliance 62

Security Affairs

OCTOBER 29, 2021

A ransomware attack hit Papua New Guinea ‘s finance ministry and disrupted government payments and operations. Government officials confirmed that Papua New Guinea’s finance ministry was hit by a ransomware attack that disrupted government payments and operations. Follow me on Twitter: @securityaffairs and Facebook.

Ransomware 104

Ransomware Financial Services Government Data breaches 104

Hunton Privacy

AUGUST 15, 2022

On July 29, 2022, the New York Department of Financial Services (“NYDFS”) posted proposed amendments (“Proposed Amendments”) to its Cybersecurity Requirements for Financial Services Companies (“Cybersecurity Regulations”). As part of the “risk assessment” requirements under Section 500.9

Financial Services 55

Financial Services Cybersecurity Risk Passwords 55

eSecurity Planet

FEBRUARY 16, 2021

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. A ransomware attack is about as bad as a cyber attack can get. Jump to: What is ransomware? How ransomware works. Preventing ransomware. Ransomware attacks and costs.

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Ransomware Encryption Insurance Cloud 97

Adam Levin

NOVEMBER 13, 2018

The American business and financial services company Moody’s will start factoring risk of getting hacked into their credit ratings for companies. The move is seen as part of a wider initiative to gauge the risk of cyberattacks and data breaches to companies and their investors. “We’ve Read more about the story here.

Risk 81

Risk Financial Services Manufacturing Data breaches 81

IBM Big Data Hub

MARCH 20, 2024

Organizations in the financial services, healthcare and other regulated sectors must place an even greater focus on managing risk—not only to meet compliance requirements, but also to maintain customer confidence and trust. Similarly, in the U.S.

Cloud 72

Cloud Financial Services Risk Business Services 72

Krebs on Security

AUGUST 13, 2021

Dubbed “ Antinalysis,” the service purports to offer a glimpse into how one’s payment activity might be flagged by law enforcement agencies and private companies that try to link suspicious cryptocurrency transactions to real people. Sample provided by Antinalysis. “Worried about dirty funds in your BTC address?

Blockchain 320

Blockchain Analytics Marketing Ransomware 320

IBM Big Data Hub

NOVEMBER 7, 2023

Recent advances in areas like AI and quantum computing offer transformative potential for businesses, but may also bring new risks and security challenges. IBM Cloud Object Storage is built on the IBM Cloud Framework for Financial Services , which was designed to help clients focus on their security and compliance postures.

Cloud 82

Cloud Financial Services Security Compliance 82

Security Affairs

DECEMBER 26, 2023

Key trends: 1️ Increased Ransomware Activity Targeting Public Companies Ransomware groups are poised to intensify their focus on publicly-traded organizations. Recent U.S. Follow me on Twitter: @securityaffairs and Facebook and Mastodon Pierluigi Paganini ( SecurityAffairs – hacking, 2024 Cyber Threat Landscape Forecast)

Energy and Utilities 134

Energy and Utilities Artificial Intelligence Ransomware Data breaches 134

Security Affairs

APRIL 8, 2020

On March 21, the Maze ransomware operators published some of the stolen files on their “leak site,” after the refusal of the research firm of paying the ransom. The attack took place on March 14th, 2020, when the Maze Ransomware operators exfiltrated data from the HMR’s network and then encrypt their systems.

Ransomware 109

Ransomware Data breaches Encryption Financial Services 109

Hunton Privacy

NOVEMBER 8, 2023

On November 1, 2023, New York Governor Hochul announced that the New York State Department of Financial Services (“NYDFS”) amended its Cybersecurity Regulation applicable to covered financial institutions. Our previous blog post covered key proposed changes to the Cyber Regulation.

Cybersecurity 72

Cybersecurity IT Compliance Financial Services 72

Data Matters

OCTOBER 8, 2020

Treasury Department’s Office of Foreign Assets Control (OFAC) published an advisory that highlights the risk of potential U.S. individuals and businesses comply with ransomware payment demands. Payment is often demanded in bitcoin, and thus third-party services are often used to make such payments.

Ransomware 66

Ransomware Compliance Risk Government 66

The Last Watchdog

SEPTEMBER 24, 2024

This drives public awareness of the risks associated with identity theft. As a result, many people rush to protect themselves by subscribing to services that offer credit monitoring, identity theft protection, and fraud alerts. There is little doubt that high-profile breaches like this will persist.

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Authentication IT ROT Compliance 215

Thales Cloud Protection & Licensing

OCTOBER 16, 2024

A host of threats continue to put enterprise data at risk. In fact, according to the 2024 Thales Data Threat Report , more than 80% of organizations reported at least one breach in the last year, while ransomware attacks grew more frequent, with 28% of organizations reported experiencing an attack in 2024, compared to 22% in 2023.

Security 62

Security Encryption Data breaches Cybersecurity 62

Data Matters

MAY 4, 2022

By adding these two global market leaders, we are expanding our expertise to better support our clients with the ever growing risks associated with national security and cybersecurity matters across our multi-disciplinary practices.”.

Cybersecurity 164

Cybersecurity Marketing Security Privacy 164

The Last Watchdog

DECEMBER 21, 2021

Some 11,800 computer software companies, 10,000 IT services vendors, 5,500 health care organizations and 3,200 financial services firms continue to maintain on-premises Exchange email servers, according to this report from Enlyft. At the moment, ransomware attacks are front and center.

Cloud 222

Cloud Financial Services Communications Ransomware 222

Security Affairs

DECEMBER 17, 2023

CISA and ENISA enhance their Cooperation CISA adds Qlik bugs to exploited vulnerabilities catalog Report: 2.6

Security 102

Security Data breaches Ransomware Artificial Intelligence 102

Security Affairs

JUNE 29, 2024

Infosys McCamish Systems (IMS) revealed that the 2023 data breach following the LockBit ransomware attack impacted 6 million individuals. IMS specializes in providing business process outsourcing (BPO) and information technology (IT) services specifically tailored for the insurance and financial services industries.

Data breaches 104

Data breaches e-Discovery Ransomware Insurance 104

Thales Cloud Protection & Licensing

APRIL 29, 2024

However, a relentless barrage of data breaches, ransomware attacks, and sophisticated cyber threats steadily erodes this trust. Very Large Online Platforms (VLOPs), such as Facebook, Booking, and LinkedIn, and search engines like Google Search, will face stricter requirements for transparency, risk assessment, and content moderation.

Compliance 71

Compliance Cybersecurity Risk Manufacturing 71

eSecurity Planet

NOVEMBER 17, 2022

Venables spent much of his presentation discussing the many ways Google Cloud reduces concentration risk (see slide below). Also read : Is the Answer to Vulnerabilities Patch Management as a Service? Ransomware is the most feared cybersecurity threat, and with good reason: Its ability to destroy and steal data is almost without peer.

Cloud 135

Cloud Ransomware Encryption Cybersecurity 135

IBM Big Data Hub

JUNE 5, 2024

To accelerate cloud adoption in financial services, we built IBM Cloud for Financial Services ®, informed by the industry and for the industry. With security controls built into the platform, we aim to help financial entities minimize risk as they maintain and demonstrate their compliance with their regulators.

Financial Services 48

Financial Services Cloud Data breaches Compliance 48

Schneier on Security

JANUARY 31, 2024

The rules would ensure people can obtain their own financial data at no cost, control who it’s shared with and choose who they do business with in the financial industry. The best way for financial services firms to meet the CFPB’s rules would be to apply the decoupling principle broadly.

Financial Services 112

Financial Services Privacy Personal data Marketing 112

Data Matters

JANUARY 28, 2022

A few days after the Advisory, Ukrainian government websites were attacked by Russian actors while the Russian government simultaneously arrested members of the notorious ransomware gang REvil. MFA was also expressly named by both Microsoft and Mandiant as one of the most important recommendations to mitigate risk.

Cybersecurity 155

Cybersecurity Financial Services Authentication Government 155

Security Affairs

APRIL 6, 2023

A digital identification tool provided by OCR Labs to major banks and government agencies leaked sensitive credentials, putting clients at severe risk. Its services are used by companies and financial institutions including BMW, Vodafone, the Australian government, Westpac, ANZ, HSBC, and Virgin Money.

IT 97

IT Financial Services Access Risk 97

eSecurity Planet

JUNE 16, 2022

Encrypted threats spiked 167%, ransomware increased 105%, and 5.4 These new attacks affect everything from private citizens and businesses to government systems; healthcare organizations; public services; and food, water, and fuel supply chains. Ransomware. Ransomware is the fastest-growing trend. Mobile attacks.

Ransomware 145

Ransomware Cybersecurity Phishing Encryption 145

Data Matters

JUNE 24, 2021

The SEC is considering enhancing its disclosure rules concerning cybersecurity risk governance and has indicated a target release date of October 2021. enable companies to identify cybersecurity risks and incidents. evaluate the significance associated with such risks and incidents. Lessons Learned From the SEC’s Order.

Cybersecurity 66

Cybersecurity Financial Services Risk Compliance 66

Security Affairs

APRIL 20, 2023

If malicious actors accessed the exposed data, the company could have faced devastating consequences and put their clients at risk, as financial services are the main target for cybercriminals. Employees, businesses, and individuals whose data were exposed could be at risk of spear phishing campaigns,” added researchers.

Personal data 98

Personal data Phishing Risk Communications 98

Data Protection Report

NOVEMBER 2, 2023

On November 1, 2023, the New York Department of Financial Services (NYDFS) finalized the second amendment to its cybersecurity regulations, which are available here. a)(2) [automated scans], 500.7, [risk assessment] 500.14(a)(2) a)(2) [risk-based controls] and 500.14(b) d) and 500.22(e)),

Cybersecurity 105

Cybersecurity Compliance Financial Services Government 105

IT Governance

DECEMBER 11, 2023

suffers second ransomware attack in months Having been struck by a ransomware attack in October by the BlackSuit group , which led to operations and appointments being postponed, Akumin Inc. has suffered a second attack, this time by the BianLian ransomware group. Data breached: more than 59 million data records. Akumin Inc.

Data Privacy 89

Data Privacy Energy and Utilities Privacy Manufacturing 89

Data Protection Report

OCTOBER 23, 2024

The regulation includes elements of both the Health Insurance Portability and Accountability Act (HIPAA) and the New York Department of Financial Services (NYDFS) cybersecurity regulation. Therefore, covered hospitals may need to revise their risk analysis and management process to comply with the new regulation.

Cybersecurity 45

Cybersecurity Risk Access Financial Services 45