From phishing to synthetic ID theft, emerging and resurgent fraud risks are keeping bankers on their toes.
Browsing: Cyber crime
Six steps to protect your bank’s data.
The average cost of a data breach globally — including a number of breach-related factors such as investigations and recovery, notifications and cost of lost business — was $3.86 million in 2018, according to a new study from Ponemon Institute and IBM Security.
A coordinated effort by the departments of Justice, Homeland Security and Treasury, the U.S. Postal inspection service and other partners led to the arrest of 74 individuals in the U.S. and abroad in connection with recent business email compromise scams, the DOJ announced today.
A report issued by the Departments of Commerce and Homeland Security today called for widespread collaboration between government and industry stakeholders to combat the growing threat of botnets and other automated, distributed cyber threats.
Cyber threats and data breaches aren’t letting up. Cyber insurance can be an important part of your response plan.
In a joint technical alert issued today, the Department of Homeland Security, Federal Bureau of Investigation and the United Kingdom’s National Cyber Security Centre warned of malicious Russian cyber activity targeting government and private-sector entities, critical infrastructure owners and operators and the internet service providers supporting these sectors.
As banks continue to face threats from cyber incidents, the Federal Financial Institutions Examination Council today issued a joint statement on how it views the role of cyber insurance in banks’ overall risk management strategies.