ABA, associations urge officials to rethink cybersecurity reporting rule
ABA and three financial sector associations urged Trump administration officials to rescind and reissue a proposed rule requiring financial institutions ...
Tag: Ransomware
Federal report outlines potential risks to U.S. financial stability
The U.S. banking system remains resilient but there are pockets of potential vulnerability that need continued monitoring, such as in ...
FS-ISAC releases guide for financial institutions on ransomware defense
Guide focuses on ransomware mitigation best practices, incident response and crisis management, consideration for paying ransoms and resources for further ...
Ransomware in the financial sector
What to know and how to respond
Report: Average data breach cost for financial sector tops $6M
The average cost of a data breach for the financial sector rose roughly 3% over the past year to $6.08 ...
Proposed bill would block large ransomware payments by financial institutions
A proposed House bill would require financial institutions to notify the Treasury Department before making a ransomware payment, as well ...
Proposed rule to require reporting of cyberattacks, ransomware payments
The Cybersecurity and Infrastructure Security Agency announced a notice of proposed rulemaking to implement a 2022 law requiring financial institutions ...
Seven cybersecurity threats for banks in 2024—and some smart precautions
Cybercriminals are professionalizing and a new threat is on the rise.
Podcast: The anatomy of a community bank ransomware attack
The cover story of the latest issue of the ABA Banking Journal features an unprecedentedly transparent look into what happens ...
The anatomy of a ransomware attack
Inside one community bank’s cybersecurity nightmare scenario.
