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New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024

Thales Cloud Protection & Licensing

The cybersecurity regulations apply to entities overseen by the NYDFS, such as financial institutions, insurance companies, agents, and brokers, as well as banks, trusts, mortgage lenders and brokers, money transmitters, check cashers, and other related businesses.

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2025 Cybersecurity Predictions: Not Getting Easier; But There is Hope

SecureWorld News

According to the 2023 Verizon Data Breach Investigations Report (DBIR), ransomware or extortion was involved in nearly one-third of breaches, indicating a shift among traditional ransomware actors toward new methods, including mobile-focused extortion. While resistance is important, recovery is paramount.

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What is a Cyberattack? Types and Defenses

eSecurity Planet

The 2022 SonicWall Cyber Threat Report found that all types of cyberattacks increased in 2021. Encrypted threats spiked 167%, ransomware increased 105%, and 5.4 billion malware attacks were identified by the report. Capital markets, insurance, financial services, and banking are now online. Backup and encryption.

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4 ways ransomware can cost your business (in addition to extortion)

Webroot

Our latest threat report found the average ransomware payment peaked in September 2020 at more than $230 thousand. Presumably this has to do with whether a target had readily available backups, and lost time due to back and forth with extortionists or time spent making a payment. The list goes on….

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New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024

Security Boulevard

The cybersecurity regulations apply to entities overseen by the NYDFS, such as financial institutions, insurance companies, agents, and brokers, as well as banks, trusts, mortgage lenders and brokers, money transmitters, check cashers, and other related businesses.

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The Pain of Double Extortion Ransomware

Thales Cloud Protection & Licensing

According to a recent market study 1 , 71% of individuals surveyed said double and triple extortion tactics have grown in popularity over the last 12 months, and 65% agree that these new threats make it tougher to refuse ransom demands. What is Double Extortion Ransomware?

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2024 State of Cybersecurity: Reports of More Threats & Prioritization Issues

eSecurity Planet

Attackers will target network peripheral devices: network attached storage (NAS), backup storage, telephones, network equipment, and end-of-life assets. Breach damages of $300k to $1 million may be within the risk tolerance for some, and many may expect to recoup damages from cybersecurity insurance. 54% on-prem infrastructure.