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Proposed new cyber security regulations will be a huge undertaking for financial institutions

Celent Banking

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. Mandated training of security will be required. Information security. Systems operations and availability concerns.

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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. Common AIO Risk Management Topics. Data governance and data management.

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Four Steps for Managing Third-Party Cyber Security Risk

FICO

Where does the vendor operate (e.g., Promote awareness by inviting the vendor to review their FICO® Cyber Risk Score or other cyber assessment tool. By setting appropriate thresholds based upon risk and criticality, an organization may deploy its limited risk assessment and risk management resources where they are most needed.

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Australia, New Zealand Take A Hard BEC Scam Hit

PYMNTS

New research reveals how cyber attackers are stealing company cash from businesses large and small with examples emerging across businesses of all sizes — even forcing one firm to shutter its doors. This unfortunately makes it an easy target for cyber attackers who are looking to make a quick buck." In total, about $104.5

Fraud 177
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Girding For Iran’s Cyberattacks On The US — Where Past May Be Prologue

PYMNTS

A posting tied to the image stated the page had been “hacked by Iran Cyber Security Group Hackers. This is only [a] small part of Iran’s cyber ability! Small, under-resourced agency. We’re always ready.” CISA is monitoring the situation with FDLP and our federal partners.”

US 131
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Betting the Bank on Your IT Experts

Jack Henry

As an example, the governor of New York State recently directed his Department of Financial Services to conduct targeted cyber security preparedness assessments for all state-chartered banks and other banks “based” in the state. Regardless of your infrastructure approach, solid IT talent is one of our industry’s most valuable assets.

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Putting FIs Through Cybersecurity Drills To Prepare For The Next Big One

PYMNTS

Since 2004, October has been observed as National Cyber Security Awareness Month by the Department of Homeland Security (DHS). During a CAPS exercise, IT professionals take part in an immersive exercise that simulates an attack on an organization’s payment operation. that was featured on NBC’s Today Show.

Exercises 119