Remove Cyber Security Remove Groups Remove Operations Remove Risk Management
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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. This quickly metastasized into significant global credit risk for large institutions and became the biggest existential threat to the industry in more than a century.

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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. 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.

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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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April 2014: A Busy Month for Fraud Alerts!

Jack Henry

One such attack by the group Unlimited Operations was able to net over $40 million. The FDIC encourages subscribing to these various groups to ensure that you receive regular security alerts, tips, and other updates. They also encourage visiting vendors’ websites and checking with those vendors for existing user groups.

Fraud 88
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3 Ways to Make the FFIEC CAT Work for You

Gonzobanker

Poor planning or missteps here will cost more later on, not only in terms of time and money but also in the bank’s ability to effectively address today’s growing information and cyber security threats. Gaps or inconsistencies in your overall risk models if you just add this layer on top of other existing risk management efforts.