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Experts: US House Examines Legislative Actions To Combat Cybercriminals

PYMNTS

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

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4 considerations for banking leaders concerned about cyber security

NCR

Last month was National Cybersecurity Awareness Month, an initiative to provide consumers with the information they need to stay safe online, so in the wake of this, it is a good time for banks to consider whether all possible steps are being taken to protect their customers in our digitally connected world. Cyber Incident Response Plan.

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Four Steps for Managing Third-Party Cyber Security Risk

FICO

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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Cyberattack Closes Web Access To Canadian Government Agencies 

PYMNTS

It collects taxes, administers tax law and policy and oversees charities. The credentials used in the attack came from previous, non-government of Canada data breaches,” said Scott Jones, head of Canada’s Centre for Cyber Security, the agency that leads the government’s response to cybersecurity attacks.

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US And UK Blame Russia For NotPetya Virus

PYMNTS

When we see malicious cyber activity, whether it be from the Kremlin or other malicious nation-state actors, we are going to push back,” said Rob Joyce, the departing White House cybersecurity coordinator. and British officials warned that infected routers could be used to launch future offensive cyber operations.

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Inside China’s Cyber, Financial Regulatory Changes And Challenges

PYMNTS

Its policies mandate that corporations share private data with it, for example, meaning Chinese regulatory innovation requires serious consideration from any entities that wish to work there. All three agree that China occupies a unique space in the global economy and that changes to its data and banking policies are just as distinctive.

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Corporates Unprepared For GDPR, UK Government Warns

PYMNTS

For the businesses that are aware, a bit more than a quarter said they’ve made changes to their operations in order to comply with the new rules aimed at data privacy and security. In a statement, the Secretary of State for Digital, Culture, Media and Sport, Matt Hancock, said the survey is intended to boost awareness of the rules.