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U.S. banking regulators order banks to notify cybersecurity incidents in 36 hours

Security Affairs

banking regulators this week approved a rule that obliges banks to report any major cybersecurity incidents to the government within 36 hours of discovery. The rule was approved by the Federal Reserve, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency.

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Insurance and Ransomware

Schneier on Security

Here’s one more contribution to that issue: a research paper that the insurance industry is hurting more than it’s helping. However, the most pressing challenge currently facing the industry is ransomware. To date, the UK government has taken a light-touch approach to the cyber insurance industry.

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LW ROUNDTABLE: Wrist slap or cultural shift? SEC fines cyber firms for disclosure violations

The Last Watchdog

As organizations continue facing escalating cyber threats, how they communicate multiplying and rapidly morphing cyber exposures – in essence how much they choose to abide by industry standards and embrace ethical practices — remains under intense scrutiny. 1 million for a company the size of Checkpoint is but a slap on the wrist.

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Canada Gov plans to ban the Flipper Zero to curb car thefts

Security Affairs

The Canadian government is going to ban the tool Flipper Zero because it is abused by crooks to steal vehicles in the country. The Canadian government announced that it plans to ban the tool Flipper Zero , and similar hacking devices, to curb the surge in car thefts. ” said Canadian Industry Minister François-Philippe Champagne.

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FBI, CISA, HHS warn of targeted ALPHV/Blackcat ransomware attacks against the healthcare sector

Security Affairs

Government experts believe that the increase in targeted attacks against the healthcare sector is the response of the group to law enforcement actions against the Blackcat group in early December 2023. municipal governments, defense contractors, and critical infrastructure organizations).” reads the press release. “To

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Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs

eSecurity Planet

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

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First American Financial Pays Farcical $500K Fine

Krebs on Security

The SEC says First American derives nearly 92 percent of its revenue from its title insurance segment, earning $7.1 Title insurance protects homebuyers from the prospect of someone contesting their legitimacy as the new homeowner. Title insurance is not mandated by law, but most lenders require it as part of any mortgage transaction.

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