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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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Hackers Strike New Zealand's Central Bank

PYMNTS

The hackers breached security at "a third-party file-sharing service," the central bank stated in a news release. Adrian Orr said in a prepared statement: "We are working closely with domestic and international cyber security experts and other relevant authorities as part of our investigation and response to this malicious attack.

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Four Steps for Managing Third-Party Cyber Security Risk

FICO

Where does the vendor operate (e.g., Tools such as the ABC National Risk Score in the US, which provides a general rating of cyber risk for benchmarking, and the FICO® Cyber Risk Score, which provides company- specific metrics, may be leveraged in combination to provide a directionally correct view of relative risk.

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Bitcoin Daily: ‘DeFi' Becomes Popular Crypto Rebranding Term; G7 Expresses Concern Over Ransomware

PYMNTS

An operating system that has been active for a minimum of three years, Tron , recently issued a DeFi token. The group said that ransomware incidents against banks, medical centers, educational institutions and other “critical infrastructure” in G7 nations has been increasing in scope, complexity and commonness.

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Hackers Employed By China Infiltrate Norwegian Software Company Visma

PYMNTS

Reuters , citing cybersecurity researchers, reported that the attack was part of a global hacking campaign initiated by the Ministry of State Security in China aimed at stealing intellectual property and corporate secrets. But if I put on my paranoia hat, this could have been catastrophic,” he said in the report. “If

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Operational risk a main 2015 concern for OCC

ABA Community Banking

National bank examiners to focus on tech, cyber security controls Risk Management Operational Risk. 1Risk Management'

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US And UK Blame Russia For NotPetya Virus

PYMNTS

According to Reuters , the attack was launched on computer routers, firewalls and other networking equipment used by government agencies, companies and critical infrastructure operators globally. and British officials warned that infected routers could be used to launch future offensive cyber operations.

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