The realities of ransomware
Banks and businesses face a growing threat from malicious cyber actors seeking to hold critical systems hostage.
Browsing: Ransomware
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.
CDIAC Calls for Framework for Better Collaboration on Cyber Threats
Members of the Federal Reserve’s Community Depository Institution Advisory Council flagged cybersecurity threats—particularly related to ransomware—as a top threat facing community banks during a recent meeting, and noted that “a framework needs to be put in place that encourages cooperation and reduces risks of transparency (which currently is seen as leading primarily to punishment and reputational damage).”
Top Bank Risks for 2022
Five key factors for risk managers and C-suites in the year ahead.
Fighting the Rise in Ransomware Attacks: The Value of Breaking Through Silos
Confronting the disconnect between the law enforcement experts who understand how the criminals commit crimes and the financial industry experts who understand how the money moves.
FBI, CISA Warn of Ransomware Threat During Holiday Season
With ransomware attacks increasing in frequency and sophistication, the FBI and the Cybersecurity and Infrastructure Security Agency yesterday issued a reminder to public and private organizations to remain vigilant and take precautions to reduce their susceptibility to ransomware during the holiday season.
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.
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.
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.