Survey: Regulatory change remains top concern for banks
Keeping up with changing regulations was the top concern for U.S. financial services firms, according to Wolters Kluwer’s annual Regulatory and Risk Management Indicator survey.
Browsing: Ransomware
New incident response regulation clarifies, but the key is materiality
‘One of the hardest parts of this rule is trying to understand where the balance is.’
FinCEN report: Ransomware filings more than double from 2020 to 2021
The value of ransomware-related BSA filings in 2021 approached $1.2 billion—a 188% increase compared to the previous year.
The realities of ransomware
Banks and businesses face a growing threat from malicious cyber actors seeking to hold critical systems hostage.
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.