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The NYDFS’ 23 NYCRR Part 500 has been updated to reflect the current preventative and responsive measures necessary for FinancialServices org to be ready for cyber attacks.
Analysis of 2023 attacks shows how the financialservices industry had a very bad year, with increases in both vendor email compromise (VEC) and business email compromise (BEC) attacks, targeting millions of dollars using very specific methods.
A recent panel discussion of banking CISOs and experts at the SIBOS conference focused on the current state of ransomware and what institutions should do to protect themselves.
. “AvosLocker is a Ransomware as a Service (RaaS) affiliate-based group that has targeted victims across multiple critical infrastructure sectors in the United States including, but not limited to, the FinancialServices, Critical Manufacturing, and Government Facilities sectors. Consider installing and using a VPN.
Targeted Sector Vulnerabilities: FinancialServices, IT, Healthcare, Education, and Government sectors have emerged as primary targets, with attackers fine-tuning their strategies to exploit specific vulnerabilities within these industries.
On November 9, 2022, the New York Department of FinancialServices (NYDFS) released its second, proposed amendments to the Part 500 Cybersecurity Rule. The proposed amendments revise several aspects of the draft Cybersecurity Rule amendments released on July 29, 2022.
Menlo Security warns that a social engineering campaign is using the EvilProxy phishing kit to target senior executives across a range of industries, including banking and financialservices, insurance, property management and real estate, and manufacturing.
In one very recent caper, the attackers targeted the CFO of a financialservices firm, as he worked from home, Sherman says. This is why it is important to build employee training for consumer IoT devices into securityawareness training programs.” The attackers successfully got a foothold on the exec’s MacBook.
Securityawareness training still has a place to play here." New-school securityawareness training with simulated phishing tests enables your employees to recognize increasingly sophisticated phishing attacks and builds a strong security culture. We must ask: 'Is the email expected? Is the from address legit?
Perhaps more importantly, do you know how effective new-school securityawareness training is as a mission-critical layer in your security stack? million simulated phishing security tests. Get tricked into giving away their credentials or download malware? million users across 35,681 organizations with over 32.1
implement a securityawareness and training program for all workforce members pursuant to the HIPAA Security Rule. See 45 CFR 164.308(a)(1)(ii)(A)-(B): Implementation Specification: Risk Analysis (required), Implementation Specification: Risk Management (required); see also 45 CFR 164.304 (definition of “Availability”).
This means you have a bunch of users that unwittingly follow a set of unusual and unnecessary clicks that they should know better than to follow – something they learn very quickly if they are enrolled in new-school securityawareness training. Blog post with links: [link] Are Your Users Making Risky Security Mistakes?
For example, the New York Department of FinancialServices (‘NYDFS’) in March 2017 issued its Cybersecurity Regulation (23 NYCRR 500) (‘the NYDFS Cybersecurity Regulation’), a groundbreaking and far-reaching regulatory regime focused on financial institutions licensed in New York, including insurance companies.
Under the proposed Rule, FIs would be required to provide personnel with securityawareness training that is updated to reflect risks identified by the FI’s risk assessment. The proposed amendments follow the FTC’s receipt of public comments in 2016 regarding the Safeguards Rule as part of the FTC’s regular review cycle.
For example, the results of deploying a framework such as CKMS to address company critical information assets, and its impact on cyber risk, could readily be rolled-up into a dashboard for review by an appropriate board committee on cybersecurity, or the full board, as needed.
That's right – the financialservices industry, at least according to cybersecurity vendor Armorblox's 2023 Email Security Threat Report. Blog post with links: [link] [Live Demo] Ridiculously Easy SecurityAwareness Training and Phishing Old-school awareness training does not hack it anymore.
Microsoft said it notified the targeted 150 organizations, which included “IT companies (57%), followed by government (20%), and smaller percentages for non-governmental organizations and think tanks, as well as financialservices.” Only three of the 150 entities actually got compromised. Simple techniques.
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