The case for one-click compliance to fight cyber attacks
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Browsing: Cybersecurity
The realities of ransomware
Banks and businesses face a growing threat from malicious cyber actors seeking to hold critical systems hostage.
Provident Bank survey: Small businesses bracing for Russian cyberattacks
A majority of the nation’s small business owners—78%—say they are concerned about the threat of a Russian cyberattack in light of recent news coverage, according to new survey data released by Provident Bank.
Study: increasingly sophisticated cyberattacks target new account creations, mobile apps
Cyberattack rates across financial services increased 20% in the second half of 2021 from the same period a year earlier and increased 41% from the first half of 2021, according to a recent report from LexisNexis Risk Solutions.
Threats from Sanctioned Nations: Cyber Hygiene and a Plan Provide Best Defense for Banks
Banks should have a step-by-step plan on how to handle cyber-attacks, including securing whatever data possible and quickly notifying law enforcement.
OCC Designates Points of Contact for Computer Security Incident Notifications
With a joint agency final rule requiring banks to notify their primary regulatory within 36 hours of becoming aware of computer security incidents that are considered “notification incidents” taking effect on May 1, the OCC today issued a bulletin reminding banks of their notification responsibilities and specifying points of contact.
Cyber Risk Institute Updates Cybersecurity Profile
The Cyber Risk Institute—a coalition of financial institutions and trade associations including the American Bankers Association—has added an extension to its Cybersecurity Profile to address cloud security.
White House Urges Private Sector to ‘Double Down’ on Cyber Defenses
President Biden today reiterated the call for the private sector to remain vigilant against the threat of Russian cyberattacks targeting critical infrastructure entities, noting that “we need everyone to do their part.”
FDIC: Banks Reporting More Sophisticated Cyber Attacks Since Start of Pandemic
Since the start of the pandemic, banks have reported more sophisticated cyber attacks, said Lisa Arquette, associate director of the FDIC’s anti-money laundering and cyber fraud division at an industry event today.
SEC Issues Proposal on Cyber Risk Management, Incident Reporting
A new proposal by the Securities and Exchange Commission today would create new requirements for public companies regarding the disclosure of cybersecurity incidents.