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Operation BLACKHAT

Perficient

Operation BLACKHAT. He conducts a meeting with his security group, “WHITEHAT” to proceed with the investigation. He has hired other gang members for this operation. Operation BLACKHAT: After an hour, the Blackhat went to the location to collect the ransom. The operation was foiled by the rival gang.

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Today’s Cyber Risk Management

Cisco

The past 20 years have visibly demonstrated the impact large scale events have on market, credit, and operational risks in financial services. The subsequent regulatory activity in response to these events focused on operational risks. Cyber risk is the largest and fastest growing operational risk within financial services.

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The FFIEC’s Architecture, Infrastructure, and Operations book

Cisco

In June 2021, following large cyber attacks on the United States and the resulting Executive order on Cyber security, the FFIEC released the largest update in guidance in over a decade to help financial auditors assess financial institutions. In Summary. In Summary. This blog even as summary is quite long.

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Four Steps for Managing Third-Party Cyber Security Risk

FICO

As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it. The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management. Where does the vendor operate (e.g.,

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Bank Regulators Seeking Comments on the Use of AI and ML in the Industry

Perficient

The agencies collectively announced a request for information (RFI) to gain input from stakeholders including financial institutions, trade associations, and consumer groups. AI technologies, such as voice recognition and natural language processing (NLP), are being used to improve customer experience and to gain operational efficiencies.

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Microsoft Forms Cloud Accounting Startup To Rival Xero

PYMNTS

Reports on Monday (May 14) said the companies will launch Wiise in July, owned by KPMG and operated through a joint deal between Microsoft and CBA. In addition to small business accounting and financial management, Wiise will provide SMBs with job costing, scheduling, inventory management, payroll, sales, marketing and CRM solutions.

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North Korea Likely Behind Ransomware Attacks, According To Symantec

PYMNTS

North Korea is the likely culprit behind the WannaCry cyber attack that managed to infect 300,000 computers worldwide. That comes care of cyber security firm Symantec, which confirms its researchers found multiple links between early versions of WannaCry and the code in previous outings by the North Korea-backed hacking group.