FinCEN Acting Director: Public-Private Partnerships Needed in Fight Against Ransomware
In remarks at an industry event in Washington today, Acting FinCEN Director Himamauli Das addressed the growing threat of ransomware.
Browsing: Cybersecurity
FinCEN: Ransomware Reports in First Half of 2021 Exceed 2020 Total
In the first six months of 2021, the Financial Crimes Enforcement Network identified $590 million in ransomware-related Suspicious Activity Reports, a 42% increase compared to the 2020 total of $416 million.
Targeting Generational Profiles for Effective Bank Fraud Prevention
Fraudsters are leveraging many financial institutions’ own generation-targeted marketing schemes and product offerings to target widely different groups of consumers.
Leveraging Crowdsourced Security to Defend Against Rising Threats
The more people are looking for vulnerabilities, flaws in security structures and emerging threats, the more prepared financial institutions will be for a potential attack.
Basel Committee Urges Banks to Up Their Cyber Risk Preparedness
With cyber incidents continuing to pose a threat to the financial system, the Basel Committee on Banking Supervision called on banks to improve cyber threat resilience.
Podcast: Making the Most of an Anti-Phishing Campaign
The award-winning #BanksNeverAskThat anti-phishing consumer education campaign is back with refreshed content for 2021.
Ransomware Attacks Ramp Up
With ransomware attacks increasingly targeting significant infrastructure providers, it’s critical for banks to be prepared.
FBI Warns of Ransomware Attacks Targeting Agriculture Sector
The FBI recently released an alert warning that ransomware attacks targeting the food and agriculture sector are disrupting operations, causing financial losses and harmfully impacting the food supply chain.
New Sheltered Harbor Solution Now Available from Jack Henry
As banks work to build cyber resilience and ensure business continuity by joining Sheltered Harbor—an industry-led initiative created to protect customers, financial institutions and public confidence in banks in the event of a cyberattack—core provider Jack Henry announced that it now offers SecurePoint, a Sheltered Harbor solution designed to provide end users with timely access to their account balances and funds should critical systems and traditional backups fail.
ABA, Trade Groups Raise Concerns about Cybersecurity Reporting Legislation
In a joint letter to Senate Intelligence Committee leaders today, ABA and two financial trade groups said that several provisions in the Cyber Incident Notification Act of 2021 conflict with cybersecurity requirements already in place for financial institutions.