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Proposed new cyber security regulations will be a huge undertaking for financial institutions

Celent Banking

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. Mandated training of security will be required. Information security. Data governance and classification.

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FBI Charges Russian National With Running Online Hacker Marketplace

PYMNTS

and verified that it was legitimate hacked user data, not fake information. was first exposed as a nest of cybercrime activity in a now removed Digital Shadows report from 2016, according to ZDNet , and those in-tune with cyber-security issues were not shocked to hear of Firsov’s arrest. regularly, the FBI said.

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SMBs Severely Underestimate Data Breach Costs

PYMNTS

It’s National Cyber Security Awareness Month, and industry leaders are zeroing in on some of the most vulnerable targets of cyber scams: small businesses. As lawmakers ponder this risk, PYMNTS highlights some of the newest data points uncovered by researchers examining small business cybersecurity. ” The U.S.

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4 considerations for banking leaders concerned about cyber security

NCR

With that comes the need to protect the data associated with all types of banking transactions. An Information Security Officer (ISO) is mandated by federal regulations and plays a critical role in today’s digitally interconnected world. Cyber Incident Response Plan. The Role of the ISO.

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Cyberattack Closes Web Access To Canadian Government Agencies 

PYMNTS

A cyberattack directed at two dozen Canadian government platforms forced the shutdown of most of its online portals over the weekend. As a result of the breach, the CRA said more than 11,000 of 12 million personal accounts were compromised, including online portals accessing tax payer data and COVID-19 relief programs.

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Guest blog post: Protecting yourself online

Abrigo

Sageworks asked Don West, a member of the AICPA''s Information Management and Technology Assurance Section''s CITP Credential Committee the best ways to protect one''s self and business online. --. Do you like getting bombarded with online ads and email obviously based on your recent surfing habits? Do you bank online?

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Leader Of Russian Cybercrime Ring Pleads Guilty

PYMNTS

Infraud was created in 2010 by Svyatoslav Bondarenko, 34, of Ukraine, to promote and grow interest in the Infraud Organization as the premier destination for purchasing retail items with counterfeit or stolen credit card information online, the Justice Department alleged in the indictment. In April, a joint study by the U.S.

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