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04/12/2021
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The White House is choosing nominees for CISA and the NCD. The financial services sector is prepping comments on a cyber incident reporting rule. And the chairman of the Federal Reserve is watching cyber risks above all. This is CyberScoop for April 12, 2021.

NSA vets stock Biden cyber team

Chris Inglis is President Biden’s choice as national cyber director, while Jen Easterly is the pick to lead CISA, the White House announced Monday. The choices end weeks of speculation as to who would fill the pivotal roles as the administration continues to deal with the fallout of suspected Russian and Chinese hacking campaigns. The pair spent decades at the NSA between them, but Easterly most recently headed Morgan Stanley’s cyber-defenses. Sean Lyngaas has the story.


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Bank cyber reg comments due

Monday's the deadline for industry and public feedback on a proposed federal regulation putting more requirements on the financial services sector to report cyber incidents. It gives banks and bank service providers a 36-hour deadline to report particularly damaging incidents, expanding who has to report them and what kinds of events are covered. Expect the industry to deem the 36-hour timeframe too stringent, but we'll have more on this. Tim Starks explains.


Fed chair is thinking about cyber risk

Federal Reserve Chairman Jerome Powell said he is on alert for cyberattacks against U.S. financial systems and companies, above and beyond any other risks to the economy. “The world evolves. And the risks change as well,” Powell said during an interview aired Sunday on CBS's "60 Minutes," noting he is far more concerned about a cyber incident than he is about encountering a collapse akin to the global financial crisis of 2008. “I would say that the risk that we keep our eyes on the most now is cyber risk.” Shannon Vavra has the rundown.


White house asks for $110M more for CISA

Fresh off a $650 million funding boost for CISA in the coronavirus relief package, the White House has asked for $110 million more for that agency to bolster the defenses of federal networks after the SolarWinds and Microsoft Exchange hacks. The money would allow CISA to hire more experts and “obtain support services to protect and defend” federal IT systems, acting OMB Director Shalanda Young said in a letter to congressional appropriators Friday. Sean has this one, too.


Malware in contact forms

Template contact forms on websites that gobble up your data can be an unreliable way to communicate with organizations. Sometimes they never respond. Other times, it turns out, hackers use the template for their own malicious ends. Microsoft said Friday that scammers had been sending fake legal threats via the contact forms that are actually laced with malware called IcedID. It’s a clever entry point to an enterprise that can be used for more elaborate hacking campaigns. Read more from Microsoft.


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