On June 23, 2022, the Office of the Comptroller of the Currency (OCC) released its Semiannual Risk Perspective (SRP) for spring 2022. In the SRP, the OCC opines on its current safety and soundness concerns for banks under...more
The televised “thud” of explosions in Ukraine has an ominous but deceptively distant tone. For many organizations the hostilities are closer at hand, in the form of cyberattacks that could spread beyond the Russian-Ukrainian...more
Recent industry feedback published by the UK Financial Conduct Authority shares insights on the identification and management of cybersecurity challenges and mitigation strategies for financial services firms. The feedback...more
In a release aptly labeled “A Starting Point for IoT Device Manufacturers” the National Institute of Standards and Technology (NIST), an arm of the Department of Commerce, recently added to the discussion with the...more
Cryptocurrency Exchanges Move Closer to Live Trading, New Stablecoins Announced - More cryptocurrency exchanges are going live. ErisX announced the launch of its spot market, saying it will immediately support dollar...more
Take a journey around the world as our Cybersecurity & Preparedness Response Team reviews how the United States responded to state-sponsored cyberattacks and offers 10 lessons the private sector can use to strengthen their...more
This past September, California became the first state to take a first (small) step in addressing Internet of Things (IoT) security. IoT devices include home security cameras, home temperature controllers, and a myriad of...more
The unveiling of the draft cybersecurity bill sheds light on proposed cybersecurity compliance standards and the broad, sweeping powers of Singapore’s Cyber Security Agency....more
Banks’ boards of directors must, among other things, understand the risks associated with existing and planned IT operations, monitor risk management, and work with senior bank managers on strategic technology planning. See...more
In an apparent effort to fight the kinds of cyberattacks like the massive distributed denial-of-service (DDoS) attack that crippled much of the American internet in October 2016, the Department of Homeland Security (DHS)...more
On Oct. 21, 2016, an extremely large distributed denial-of-service (DDoS) attack on Dyn prevented many internet users on the East Coast of the U.S. from accessing websites such as Netflix, PayPal, Spotify and Twitter for...more
The recent massive distributed denial of service (DDoS) attack that caused major internet outages was led by an army of security cameras, digital video recorders, and other Internet of Things ("IoT") devices that had been...more