Department of Homeland Security Warns of Cyber-Attacks by Iran -
The Department of Homeland Security (DHS) issued a grave warning to U.S. businesses and critical infrastructure operators on January 6, 2020, alerting the...more
1/10/2020
/ Assassinations ,
Critical Infrastructure Sectors ,
Cyber Attacks ,
Cyber Crimes ,
Cyber Threats ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Data Protection ,
Data Security ,
Department of Homeland Security (DHS) ,
Drones ,
Federal Aviation Administration (FAA) ,
Financial Services Industry ,
Foreign Relations ,
Hackers ,
Information Sharing ,
Iran ,
Microsoft ,
NYDFS ,
Operating System Developers ,
Personally Identifiable Information ,
Risk Management ,
Risk Mitigation ,
Unmanned Aircraft Systems ,
Vulnerability Assessments
In view of Iran’s vows to retaliate against the United States for the death of Quassem Soleimani, the NYDFS has issued an industry letter to all regulated entities regarding the need for heightened cybersecurity precautions....more
1/8/2020
/ Assassinations ,
Cyber Attacks ,
Cyber Crimes ,
Cyber Threats ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Data Security ,
Financial Institutions ,
Financial Services Industry ,
Foreign Relations ,
Hackers ,
Iran ,
NYDFS ,
Personally Identifiable Information ,
Retaliation ,
Risk Alert ,
Risk Management ,
Risk Mitigation
National Veterinary Associates (NVA), a large network of veterinary hospitals and clinics, has reportedly been the victim of a ransomware attack. According to the reports, NVA employs more than 2,600 veterinarians, with over...more
12/11/2019
/ Aviation Industry ,
Beneficiaries ,
Biometric Information ,
Bitcoin ,
Cyber Attacks ,
Cyber Crimes ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Drones ,
Hackers ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Medicare ,
Personally Identifiable Information ,
Popular ,
Ransomware ,
Restaurant Industry ,
Settlement Agreements ,
Virtual Currency
GandCrab Ransomware Backers Working on New Ransomware REvil -
We previously reported that the criminals behind the GandCrab Ransomware were retiring, and that a patch was discovered and companies are urged to implement the...more
7/22/2019
/ Artificial Intelligence ,
AT&T ,
Cryptocurrency ,
Cyber Attacks ,
Cyber Crimes ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Digital Wallets ,
DNA ,
Drones ,
Facial Recognition Technology ,
Hackers ,
Identity Fraud ,
Personally Identifiable Information ,
Premera Blue Cross ,
Ransomware
In the Federal Reserve’s July 11, 2019 White Paper, “Synthetic Identity Fraud in the U.S. Payment System, A Review of Causes and Contributing Factors,” the authors conclude that synthetic identity fraud is a serious and...more
A report released by cybersecurity firm Agari has come to conclusion that we have been experiencing all year—a hacking group in Nigeria, dubbed “London Blue,” is targeting CFOs and controllers from small businesses to...more
12/17/2018
/ Bitcoin ,
CFOs ,
Cyber Crimes ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Drones ,
FinTech ,
Google ,
Hackers ,
HIPAA Breach ,
Marriott ,
OCR ,
OSHA ,
Pensions ,
PHI ,
Retirement Plan ,
Safety Inspections ,
Securities Litigation ,
Smart Contracts ,
Stock Prices ,
Vulnerable Victims ,
Workplace Safety
CYBERSECURITY -
Financial Conduct Authority Warns Banking Industry of ICOs and Cryptocurrency -
Writing a “Dear CEO” letter to banking executives, the Financial Conduct Authority (FCA) warned executives on June 11,...more
6/18/2018
/ Banking Sector ,
Bitcoin ,
Cryptocurrency ,
Currency Exchange ,
Cyber Attacks ,
Cyber Crimes ,
Cybersecurity ,
Data Privacy ,
Drones ,
Energy Sector ,
False Claims Act (FCA) ,
Fidelity Investments ,
Initial Coin Offering (ICOs) ,
Legislative Agendas ,
North Korea ,
Popular ,
Risk Management ,
Shipwrecks ,
Trading Platforms ,
Unmanned Aircraft Systems ,
Wells Fargo ,
Wire Fraud
On April 10, the Federal Financial Institutions Examination Council (FFIEC) members issued a joint statement discussing cyber insurance and its potential role in the risk management programs of financial institutions. ...more
4/24/2018
/ Banking Sector ,
Cyber Attacks ,
Cyber Crimes ,
Cyber Insurance ,
Cybersecurity ,
Data Breach ,
Data Protection ,
FFIEC ,
Financial Institutions ,
Hackers ,
Popular
Cybersecurity Task Force Launched in Arizona -
Arizona Governor Doug Ducey launched the Arizona Cybersecurity Team (ACT) by Executive Order on March 1, 2018. The ACT is comprised of 22 members representing officials from...more
3/9/2018
/ Banking Sector ,
Cyber Attacks ,
Cyber Crimes ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Drones ,
Federal Agency Taskforce ,
Financial Services Industry ,
Hackers ,
Healthcare ,
Information Technology ,
Insurance Industry ,
Medicare ,
NYDFS ,
Personally Identifiable Information ,
Phishing Scams ,
Popular ,
Risk Management ,
State and Local Government ,
Unmanned Aircraft Systems
Researchers at cybersecurity firm AlienVault have discovered a computer virus of North Korean origin which infects and hijacks computers in order to mine Monero, a private digital currency which styles itself as “secure,...more
1/17/2018
/ Android ,
Bitcoin ,
Cryptocurrency ,
Cyber Crimes ,
Digital Currency ,
Hackers ,
Malware ,
North Korea ,
Popular ,
Smartphones ,
Virtual Currency
In an effort to combat an increasing number of fraudulent transfers carried out using its network, SWIFT, the international bank transfer network, announced this month that it is adding new tools and controls designed to...more
4/18/2017
/ Banking Sector ,
BSA/AML ,
Cyber Attacks ,
Cyber Crimes ,
Financial Institutions ,
Fraudulent Transfers ,
Hackers ,
Money Transfer ,
Popular ,
Risk Management ,
SWIFT
Cybersecurity specialists at BAE Systems and Symantec announced last week new evidence suggesting that the criminals behind the notorious 2014 attack on Sony Corp. are also responsible for recent cyber-attacks involving 104...more
2/22/2017
/ Bangladesh ,
Banking Sector ,
Banks ,
Cyber Attacks ,
Cyber Crimes ,
Cybersecurity ,
Data Breach ,
Data Security ,
Financial Institutions ,
Hackers ,
Malware ,
Mexico ,
Personally Identifiable Information ,
Poland ,
Popular ,
Sony ,
Symantec ,
Uruguay ,
Websites
UK-based Tesco Bank froze online transactions on Monday after discovering that cyber-criminals stole money from 20,000 different customer accounts. The exact method used by the perpetrators is still under review, but...more
11/11/2016
/ Bank Accounts ,
Banking Sector ,
Banks ,
Cyber Attacks ,
Cyber Crimes ,
FDIC ,
Financial Institutions ,
Hackers ,
Online Payments ,
Tesco ,
UK
As cyber-attacks involving the global payment system SWIFT increase in frequency abroad, U.S. regulators are discussing steps designed to protect against similar attacks on U.S. financial institutions. The Federal Reserve,...more
An unnamed bank in Ukraine is the most recent victim in a series of cyber-attacks exploiting vulnerabilities in the international banking communications system. According to an independent IT monitoring organization, hackers...more
7/7/2016
/ Banking Sector ,
Banks ,
Cyber Attacks ,
Cyber Crimes ,
FFIEC ,
Financial Institutions ,
Hackers ,
Money Transfer ,
Risk Assessment ,
Risk Mitigation ,
SWIFT
“The Internet has a dark side,” Deputy Treasury Secretary Sarah Bloom Raskin remarked while addressing senior level banking executives at this year’s Clearing House Annual Conference. Raskin focused her comments on malicious...more
The Federal Financial Institutions Examination Council (FFIEC) has recently developed a new tool to help U.S. financial institutions combat the increasing volume and sophistication of cyber attacks. To blunt threats to a...more
8/24/2015
/ Banking Sector ,
Banks ,
Consumer Financial Protection Bureau (CFPB) ,
Cyber Attacks ,
Cyber Crimes ,
Cyber Threats ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Data Protection ,
Data Security ,
FDIC ,
Federal Reserve ,
FFIEC ,
Financial Institutions ,
Hackers ,
NCUA ,
OCC ,
Popular