The Last Watchdog

OCTOBER 30, 2024

30, 2024, CyberNewswire — The American Transaction Processors Coalition (ATPC) Cyber Council will convene “The Tie that Binds: A 21st Century Cybersecurity Dialogue,” on October 31, 2024, at the Bank of America Financial Center Tower’s Convention Hall in Atlanta. Atlanta, GA, Oct.

Cybersecurity

NetSpi Executives

MARCH 11, 2025

Meet the Contributors This roundup includes insights from these NetSPI Partners: Thomas Cumberland, Tier 3 Senior Analyst at Cyber Sainik Michael Yates, CISO at All Lines Tech Sean Mahoney, Vice President at Netswitch Technology Management Kendra Vicars, Risk and Compliance Manager at Legato Security 1.

Risk

Adam Levin

NOVEMBER 13, 2018

The American business and financial services company Moody’s will start factoring risk of getting hacked into their credit ratings for companies. The move is seen as part of a wider initiative to gauge the risk of cyberattacks and data breaches to companies and their investors. “We’ve Read more about the story here.

Cyber Risk

The Last Watchdog

FEBRUARY 11, 2024

Related: The case for augmented reality training Because of this, cybersecurity investments and regulatory oversight are increasing at an astounding rate , especially for those in the financial services industry, bringing an overwhelming feeling to chief compliance officers without dedicated security teams.

Cyber Risk

Security Boulevard

FEBRUARY 1, 2022

New York, NY and Washington, DC — February 2, 2022 — Axio, a leading SaaS provider of cyber risk management and quantification solutions, today announced a new joint initiative with the Cyber Risk Institute (CRI), a non-profit coalition of financial institutions and trade associations.

Financial Services

The Last Watchdog

JANUARY 30, 2019

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Cyber Risk

Joseph Steinberg

JULY 8, 2021

And even relatively rich organizations may fail altogether if they suffer the reputational harm that follows multiple serious cyber-incidents. Not only are they not protected against their own losses, but many have zero liability protection in the event that they somehow become a hacker’s catalyst for inflicting cyber-damage on others.

Insurance

Dark Reading

DECEMBER 8, 2020

Financial services companies' experience in risk management serves them well when it comes to minimizing their cyber-risk.

Financial Services

SecureWorld News

NOVEMBER 28, 2022

The New York State Department of Financial Services (NYDFS) is proposing an amendment to its regulations that will require financial services companies to up their cybersecurity game. Require the CISO to provide a written report at least annually to the board or equivalent governing body.

Financial Services

Security Boulevard

AUGUST 19, 2022

Recently, I was part of four conversations with security leaders across several industries – manufacturing, financial services, natural resources and healthcare – about some of the challenges they face with cyber risk management.

Cyber Risk

Digital Guardian

DECEMBER 13, 2021

The New York Department of Financial Services reiterated last week that rolling out MFA and ensuring its configured properly is essential to reducing cyber risk.

Financial Services

CyberSecurity Insiders

FEBRUARY 2, 2022

NEW YORK & WASHINGTON–( BUSINESS WIRE )– Axio , a leading SaaS provider of cyber risk management and quantification solutions, today announced a new joint initiative with the Cyber Risk Institute (CRI), a non-profit coalition of financial institutions and trade associations. Learn more at [link].

Financial Services

eSecurity Planet

FEBRUARY 11, 2022

Risk management is a concept that has been around as long as companies have had assets to protect. Risk management also extends to physical devices, such as doors and locks to protect homes and vehicles, vaults to protect money and precious jewels, and police, fire, and CCTV to protect against other physical risks.

Risk

Security Boulevard

AUGUST 26, 2022

The Australian Prudential Regulatory Authority (APRA) is the latest financial regulator to release proposed regulations regarding operation resilience[i], prompting me to collect my thoughts on how a Balbix-style cyber risk quantification (CRQ) solution could help meet these regulatory obligations.

Financial Services

CyberSecurity Insiders

DECEMBER 14, 2021

INDIANAPOLIS–( BUSINESS WIRE )– Pondurance , a leader in Managed Detection and Response (MDR) services, today launched Cyber Risk Assessments powered by MyCyberScorecard. Comprehensive views of low, medium and high risk MyCyberScores. Streamlined workflows and robust analytics.

Cyber Risk

CyberSecurity Insiders

MARCH 18, 2021

As cyber insurance plays a critical role in managing cyber risks, New York Department of Financial Services has planned a new set of guidelines for companies that are seeking insurance policies to minimize cyber losses on a financial note. And those are as follows-.

Cyber Insurance

Security Boulevard

NOVEMBER 10, 2022

RiskLens is the leader in cyber risk quantification . Flagstar hasn’t made public the details of the attack, but let’s assume for analysis that the bank was hit with a system intrusion attack, in other words, code exploitation, brute force password guessing or other tactics that gave cyber criminals a foothold on the network.

Cyber Risk

CSO Magazine

MARCH 28, 2022

According to a new report from IDC and Magnet Forensics, the significant lack of cybersecurity skills gap and a plethora of other cyber risks are growing concerns. It also provides an overall assessment of the global state of DFIR across industries, with the three most prominent being financial services, healthcare, and technology.

Risk

Centraleyes

JANUARY 12, 2025

The financial services industry is arguably one of the most highly regulated sectors worldwide. This is due to the sensitivity of the data handled, the potential for widespread economic disruption, and the industrys central role in global financial stability.

Financial Services

SecureWorld News

JANUARY 22, 2025

Lesson 4: AI Risk Management Playbook Learn to implement the NIST AI Risk Management Framework, governing AI risks with actionable methods for mapping, measuring, and managing AI-driven security challenges. Implementing the NIST Cybersecurity Framework, Including 2.0

Cybersecurity

Centraleyes

MARCH 25, 2024

Let’s discuss an acronym reshaping the business world: Vendor Risk Management , or VRM. With supply chains extending across multiple regions and involving numerous third-party vendors, organizations face unprecedented challenges in managing vendor risks effectively. What risks are you facing?

Risk

The Last Watchdog

MARCH 1, 2019

This, in short, is the multi-headed hydra enterprises must tame in order to mitigate rising cyber risks. Sutton: SOAR was born out of the gap between what SIEMs were supposed to be and the rising sophistication of cyber threats. Smart money. Enter SOAR, the acronym for “security operations, analytics and reporting.”

Threat Detection

SC Magazine

APRIL 19, 2021

Recently, New York State’s Department of Financial Services issued a memorandum providing guidance to the insurance industry to help stabilize and safeguard the cyber insurance market. The NY DFS Cyber Insurance Risk Framework outlines a 7-point program for insurers to manage their cyber insurance risk.

Insurance

Dark Reading

JUNE 17, 2020

How systemic cyber-risk threatens US banks and financial services companies

Financial Services

SecureWorld News

APRIL 17, 2023

The policy may cover expenses such as forensic investigations, legal fees, and credit monitoring services, which can be costly without insurance coverage. Risk management: Cyber insurance policies often require a risk assessment, which can help an organization identify and address vulnerabilities and improve its cybersecurity posture.

Cyber Insurance

SecureWorld News

DECEMBER 6, 2023

The proposed regulations, designed specifically for hospitals, establish a robust framework for cybersecurity risk management and incident response. Expansion of cybersecurity resources: The strategy expands the New York State Police's Cyber Analysis Unit, Computer Crimes Unit, and Internet Crimes Against Children Center.

Cyber Attacks

Security Boulevard

APRIL 18, 2024

The challenges presented by cyber risk have always loomed large for IT and business leaders in financial services. The International Monetary Fund (IMF) devotes a whole chapter to the topic in its latest Global Financial Stability Report. But today they have arguably reached a tipping point.

Banking

CyberSecurity Insiders

DECEMBER 11, 2021

(NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced it is partnering with leading cyber insurance companies to help businesses manage their risks online. We are excited to work with Cloudflare to address our customers’ cybersecurity needs and help reduce their cyber risk.

Cyber Insurance

SecureWorld News

NOVEMBER 2, 2022

He helps senior decision makers overcome cybersecurity sales objections and manages unlimited cyber risks through rigorous prioritization. In the private sector, he was a CISO for an insurance company, credit card processor, bank, credit union, and IT Managed Service Provider.

Cybersecurity

The Last Watchdog

FEBRUARY 15, 2024

With more than 20 years of experience in cyber, NetDiligence ® specializes in cyber risk readiness and response services. Harter Secrest & Emery is one of only approximately 25 firms in the world to be recognized with this designation, highlighting the firm’s deep experience and steadfast commitment to its clients.

Data breaches

SC Magazine

APRIL 15, 2021

Respondents, 77% of whom were located in North America, represent a cross-section of the profession, including large (49%), medium (29%) and small companies (23%), and a broad selection of industries, such as IT/technology, services, financial services, education, government, manufacturing and healthcare.

Financial Services

Security Affairs

APRIL 30, 2020

ybercriminals behind the PerSwaysion campaign gained access to many confidential corporate MS Office365 emails of mainly financial service companies, law firms, and real estate groups. Cloud based corporate services, such as MS Sway, introduce new challenges to traditional cyber risk management frameworks.

Phishing

CyberSecurity Insiders

JANUARY 20, 2022

It joins Insurance, Reinsurance, Real Estate Services and Asset Management as divisions powered by Acrisure’s technology capabilities and global distribution network. Businesses in every industry face complex cyber risk, particularly the millions of small and midsize companies comprising much of Acrisure’s client base.

Insurance

SecureWorld News

SEPTEMBER 16, 2024

The Cyber Incident Reporting for Critical Infrastructure Act (CIRCIA) is a significant piece of legislation passed in 2022, designed to tackle cyber incidents affecting critical infrastructure. government coordinate responses to major cyber incidents that affect essential services. CIRCIA was created to help the U.S.

Cyber Risk

McAfee

NOVEMBER 3, 2020

Her work centered on helping aerospace manufacturers manage the convergence of cyber risk across their increasingly complex business ecosystem, including IT, OT and connected products. During her first few years at Booz Allen, she supported technology, innovation and risk analysis initiatives across U.S. government clients.

Cybersecurity

SecureWorld News

MAY 16, 2022

It helps members address risk, including cyber risk. Currently, the IT sector has the highest number of members in InfraGard, followed by the financial services and healthcare/public health sectors. Impressive numbers, certainly. But what is InfraGard's impact, in real-world terms?

Financial Services

Spinone

DECEMBER 26, 2018

In this article we will learn how to address and effectively respond to major enterprise cybersecurity threats and provide tips to mitigate IT security risk. Be On Your Guard with the Most Treacherous Insider Roles A paramount priority when addressing the threat is to distinguish the fundamental insider risks.

Security Awareness