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 ...
Tag: Ransomware
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.
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 ...
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.
SPONSORED CONTENT
