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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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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.

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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. Distributed Denial-of-Service (DDoS) Cyber-Attacks and Risk Mitigation. The FDIC provides a listing of resources that can be used to better identify and mitigate potential cyber-risks. Participate in industry information sharing forums.

Fraud 88
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Top Fraud Issues for Telecommunications: Survey Results

FICO

Fraud teams operate with lean structures. However, new job roles that are being created sit within digital areas such as IoT, online digital security and cyber security, suggesting that some preparation is happening for identifying and addressing new risks. by Mel Prescott.

Survey 52