Financial industry preps for proposal that would require 36-hour breach notification

The rule requires financial services companies to notify regulators within 36 hours of a major cyber incident, but that's just for starters.

financial news

Wine scams spiked during COVID-19 lockdown

by Tim Starks • 4 days ago

The malicious wine-related activity "must be stopped at all costs."

Crooks are getting smarter about exploiting SAP software, study finds

by Sean Lyngaas • 5 days ago

A critical bug in SAP software could be a ticket for a criminal to steal a paycheck or employees’ personally identifiable information.

CNA shares details about ransomware attack, recovery effort

by Tim Starks • 1 week ago

CNA said it had restored email function and implemented new security measures.

DeepDotWeb boss pleads guilty to laundering millions

by Tim Starks • 1 week ago

DOJ had hailed the indictment of the man and a co-conspirator as "the single most significant law enforcement disruption of the Darknet to date."

FBI alert on Egregor ransomware highlighted affiliate cybercrime model

by Jeff Stone • 2 weeks ago

Egregor is one of a number of strains classified as ransomware-as-a-service, meaning users can pay a fee to enlist the malicious code for their crime sprees.

Hacker team-ups pose 2021 threat to financial industry, group cautions

by Tim Starks • 2 weeks ago

The FS-ISAC also warned about supply chain risks and cross-border attacks.

Top insurer CNA disconnects systems after cyberattack

by Tim Starks • 2 weeks ago

It could be a "nightmare scenario" for CNA and others if hackers get ahold of policyholder information.

Federal advisories detail bitcoin payments to ransomware gangs, urgency of threat

by Jeff Stone • 3 weeks ago

Treasury recently warned that helping to pay ransomware to any entity on its cyber sanctions list could incur civil penalties.

Energy giant Shell impacted in Accellion hack

by Shannon Vavra • 3 weeks ago

Shell is just the latest in a long line of victims.

Two Infraud members sentenced for role in $568 million crime gang, US says

by Sean Lyngaas • 3 weeks ago

A third suspect is still at large.