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Experts: US House Examines Legislative Actions To Combat Cybercriminals

PYMNTS

Cybercriminals are capitalizing on COVID-19, and they are doing so in tandem with the news cycle,” he said during the virtual hearing. The IRS could administer the credit, he noted, and the companies that receive this credit should also be encouraged to follow the NIST Cyber Security Framework.

US 227
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Cyber Security Firm Bay Dynamics Completes Funding Round

Payments Source

Cyber risk analytics provider Bay Dynamics has completed a $23 million Series B financing round through Carrick Capital Partners.

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GuardKnox Secures $21M To Boost Cybersecurity For Connected Cars

PYMNTS

Automotive cybersecurity company GuardKnox announced it has secured $21 million in a Series A round of funding, bringing its total raised to $24 million. FM Capital is proud to partner with the dynamic GuardKnox team delivering transformative cyber security solutions for the auto industry.”.

Security 148
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Capital One’s data breach was bad. It could’ve been worse

Payments Source

Though involving an eye-popping 106 million credit card applicants' information, Capital One's breach was also unusual in a number of ways, including that it was quickly caught via a responsible disclosure program run by the bank.

Capital 68
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After Capital One breach, fraudsters ready to prey on consumer fears

Payments Source

The ongoing availability of stolen account information used to perpetrate vishing and phishing was exacerbated by the Capital One data breach disclosed this week, affecting 100 million accounts, and is likely to increase fraud threats.

Capital 77
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Reduce your accounting firm’s cyber risks with these 8 actions

Abrigo

Demand for effective cyber risk management is so strong that the AICPA is developing common criteria for CPAs to use as they help clients evaluate their programs and efforts. A central method for creating a strong cyber security culture is generating awareness. Ensure leadership buy-in. Make the topic ubiquitous.

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Australia, New Zealand Take A Hard BEC Scam Hit

PYMNTS

million has been stolen from businesses as a result of these attacks, the latest data from the Australian Cyber Security Center (ACSC) as reported by SmartCompany revealed. Reports noted one business, hedge fund Levitas Capital, was forced to shutter operations following a whopping $6.4 In total, about $104.5

Fraud 177