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.
Browsing: 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.
Sheltered Harbor CEO: Regulators Sending Louder Messaging About Data Protection
In the wake of the Colonial Pipeline ransomware attack in early May, U.S. financial regulators have been sending louder messaging about data protection for all financial entities, said Sheltered Harbor president Carlos Recalde on a recent episode of the Dell Technologies Power2Protect podcast.
Biden Administration Calls for Private Sector Action to Combat Ransomware Attacks
With ransomware attacks on the rise, the Biden administration yesterday called on corporations to take several “highly impactful steps” to help address these “serious” and “increasing” threats.
OCC’s Hsu Warns Against ‘Complacency’ as Recovery Revs Up
With projected economic growth expected to create a positive environment for bank performance in the remainder of 2021 and 2022, according to the OCC’s newly released Semiannual Risk Perspective, newly appointed Acting Comptroller Michael Hsu today said “it’s critical that bankers and their regulators guard against complacency.”
How to Contend With a 21st Century Ransom Note
Ransomware attacks are becoming more numerous, sophisticated and costly, especially during the COVID-19 pandemic.
Top Bank Risks for 2021
A global pandemic, a struggling economy and a new administration throw wrenches into risk managers plans for the year ahead.
FBI Director: Cyber Criminals Targeting Banks’ Third Parties
When asked about threats specifically targeting banks, Federal Bureau of Investigation Director Christopher Wray urged banks to be wary of “cyber criminals targeting the vulnerabilities in third-party services” as a way in to financial institution data.