Links in “Cybersecurity/Data Breaches”
- How Europe Is Handling Data Protection Compliance
The EU is working on two pieces of legislation: the Cybercrime Directive and the General Data Protection Regulation (GDPR), which, if passed, will have far-reaching consequences with severe penalties for non-compliance. [8/1]
- A Look at the Less Obvious Risks for a DDoS Attack
DDoS attacks are on the rise. While the obvious target may be your website or your online banking site, other online connections, such as the connection from your core to your online banking service, your email system, and the connections to your ATM and shared branching networks may also be vulnerable. [7/30]
- “Hacker 1” and “Hacker 2” Named in Fed Indictment
Newly unsealed federal indictments reveal more breached organizations as well as names of Hacker 1 and Hacker 2 in largest-ever data breach scheme prosecuted in the U.S. [7/29]
- Indictments in Massive Card Theft Scheme
Five Russian and Ukrainian hackers were able to steal more than 160 million credit and debit card numbers; the theft, which affected many credit union members, resulted in losses in excess of $300 million. [7/26]
- Top S&S Threats to CUs: Interest Rate Risk, Cybersecurity
In his testimony in a Senate confirmation hearing, NCUA Board nominee Rick Metsger identifies interest rate risk and cybersecurity issues as top threats to the safety and soundness of the nationâs credit unions; a vote on Metsgerâs nomination could occur as soon as July. [6/28]
- B of A Auditing Its Law Firms for Cybersecurity
A trend? Audits catching firms "flat-footed." [6/27]
- 4 Weapons Against DDoS Attacks
Guarding against hactivists requires a broad set of defensive tools combining on-premise tech and cloud-based scrubbing. [6/26]
- OCC Report Highlights FI Risks
Report targets ERM, Cyber, Underwriting, Earnings & BSA/AML risks. That'll keep you busy. [6/19]
- Cybersecurity for All
FFIEC to have better intra-communications and defense against cyber attacks thanks to new working group. [6/7]
- Data Breaches Often Lead to Fraud
Study reports that 23% of data breach victims also become victims of fraud; provides several recommendations to financial institutions for ways to minimize fraud in these situations, such as not using social security numbers for authentication purposes. [6/5]
