News & Analysis as of September 18, 2024

Federal Deposit Insurance Corporation › Cyber Crimes

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The Federal Deposit Insurance Corporation is a United States federal agency created in 1933 in response to widespread bank failures in the 1920s and early 1930s. The FDIC's mission is to maintain stability and consumer confidence in the United States banking system by insuring deposits, monitoring the health of financial institutions and managing receiverships. less -

Key Takeaways Bank Receiverships Week Two

Foley & Lardner LLP on 3/31/2023

Foley & Lardner LLP is closely monitoring the rapidly changing landscape surrounding the recent bank insolvencies. On Tuesday, March 21, at 5:00 p.m. CT, Foley hosted a webinar where a panel of presenters discussed the...more

Privacy Tip #358 – Bank Failures Give Hackers New Strategy for Attacks

Robinson+Cole Data Privacy + Security Insider on 3/24/2023

Hackers are always looking for the next opportunity to launch attacks against unsuspecting victims. According to Cybersecurity Dive, researchers at Proofpoint recently observed “a phishing campaign designed to exploit the...more

Be Alert to Scams Perpetrated by Cybercriminals Capitalizing on the Collapse of Silicon Valley Bank

Fox Rothschild LLP on 3/13/2023

Following the collapse and federal takeover of Silicon Valley Bank (SVB) on Friday, March 10, scam artists wasted no time preying on the bank’s customers. Reports have surfaced of an email scam that initially targeted...more

Federal Agencies Hit with 30,899 Cyberincidents in 2016

Robinson+Cole Data Privacy + Security Insider on 3/17/2017

The Office of Management and Budget (OMB) released a report this week indicating that federal agencies experience almost 31,000 cyberincidents in 2016. The Federal Deposit Insurance Corporation was responsible for 10 of 16...more

Tesco Bank Cyber-Robbery—Some Implications for U.S. Banks—and their Depositors

Robinson+Cole Data Privacy + Security Insider on 11/11/2016

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

Policyholder Insider Quarterly

Orrick, Herrington & Sutcliffe LLP on 10/22/2015

Some Words Are More Equal Than Others: BancInsure vs. FDIC - In George Orwell's "Animal Farm", the governing principle that "all animals are equal" was revised by the pigs, who had ascended into power, to "all animals...more

FFIEC Weighs in on Cybersecurity in Light of Unprecedented Risk of Cyber Threats

Carlton Fields on 10/7/2015

As financial institutions of all sizes continue to face unprecedented cybersecurity risk, the Federal Financial Institutions Examination Council (FFIEC) released its Cybersecurity Assessment Tool. The Assessment is...more

Protecting financial institutions in cyberspace—U.S. financial regulators come up with a new tool kit to stem cyberthreats

Robinson+Cole Data Privacy + Security Insider on 8/24/2015

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

Financial Services Legislative and Regulatory Update -- June 10‚ 2013

Mintz - Public Finance Viewpoints on 6/10/2013

In This Issue: Leading the Past Week; Legislative Branch; Executive Branch; International; and Upcoming Hearings. Excerpt from Leading the Past Week - And the beat goes on… Another week with the White...more

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Federal Deposit Insurance Corporation › Cyber Crimes

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