Five Top Fraud Risks for Banks
From phishing to synthetic ID theft, emerging and resurgent fraud risks are keeping bankers on their toes.
Browsing: Cyber crime
Ransomware 101: What Banks Can Do To Mitigate Risk
Six steps to protect your bank’s data.
Weekly Infobyte: Criminal Activity Almost Twice As Likely to Be Root Cause of Data Breach
Average Cost of Data Breaches Increased Year-Over-Year, Study Finds
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.
Federal Agencies Arrest 74 Scammers in Connection With ID Theft, Fraud
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.
Trump Administration Calls for Broad Collaboration to Counter Botnet Threat
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.
Understanding Coverage Options for Cyber Threats
Cyber threats and data breaches aren’t letting up. Cyber insurance can be an important part of your response plan.
Agencies Issue Warning about Russian Cyberattacks
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.
Agencies Issue Statement on Role of Cyber Insurance in Risk Management
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.