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Defending FinancialServices Against Fraud in a Shifting Cyber Landscape sparsh Tue, 11/14/2023 - 05:05 As we approach International Fraud Awareness Week during 12-18 November 2023, taking stock of the evolving threat landscape and the vulnerabilities that financialservices organizations face is crucial.
New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024 madhav Fri, 10/25/2024 - 06:09 The next major deadline for compliance with the updated cybersecurity rules from the New York State Department of FinancialServices (NYDFS) is November 1, 2024.
A full breakdown of the patches for this quarter can be seen in the following table, which also includes a count of vulnerabilities that can be exploited over a network without authentication.
Security researchers warn of three new zero-day vulnerabilities in the Kaseya Unitrends service. The vulnerabilities include remote code execution and authenticated privilege escalation on the client-side. The advisory recommends customers using the flawed solution to avoid exposing the service online running on default ports.
” The CPU will address critical vulnerabilities in Oracle Essbase, Graph Server and Client, Secure Backup, Communications Applications, Communications, Construction and Engineering, Enterprise Manager, FinancialServices Applications, Fusion Middleware, Insurance Applications, PeopleSoft, Support Tools, and Utilities Applications.
Kaseya Unitrends is a cloud-based enterprise solution that provides affordable, low-maintenance data protection offering to complement existing client backup and recovery solutions. The vulnerabilities include remote code execution and authenticated privilege escalation on the client-side. reads the advisory. “Do
New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024 madhav Fri, 10/25/2024 - 06:09 The next major deadline for compliance with the updated cybersecurity rules from the New York State Department of FinancialServices (NYDFS) is November 1, 2024.
. “AvosLocker is a Ransomware as a Service (RaaS) affiliate-based group that has targeted victims across multiple critical infrastructure sectors in the United States including, but not limited to, the FinancialServices, Critical Manufacturing, and Government Facilities sectors. hard drive, storage device, the cloud).
However, basic cybersecurity tools and practices, like patching , strong passwords , and multi-factor authentication (MFA), “can prevent 80 to 90% of cyberattacks,” said Anne Neuberger, deputy national security advisor for cyber and emerging technologies, during a White House press conference in Sept. Backup and encryption.
The IBM 2023 Cost of a Data Breach Report , for example, highlights the continuous financial burden on retailers, which, coupled with potential reputational damage, emphasizes the dire need for retailers to prioritize and bolster their cybersecurity measures. For retailers, this poses a two-pronged challenge.
Cloud service providers have expanded their offerings into industry-specific domains. AWS FinancialServices and Azure for FinancialServices are good examples of how cloud players are trying to entice industries to move more essential business functions to cloud platforms for enhanced security and growth.
A full breakdown of the patches for this quarter can be seen in the following table, which also includes a count of vulnerabilities that can be exploited over a network without authentication.
The most frequent targets of leakware are hospitals, law firms, and financialservices organizations. These practices will prevent leakware attacks, but they can also help enterprises avoid other common cybersecurity issues, such as distributed denial of service (DDoS), man in the middle (MitM), SQL, and password hacks.
For example, this could be adding protection to servers where it might have been absent in the past, or implementing multi-factor authentication for all your externally facing accounts and services. This added visibility provides companies with a chance to spot the initial stages of any attack much sooner. has done well, too.
These industries include consumer businesses, healthcare, and financialservices. No-cost and low-cost controls, such as multi-factor authentication (MFA) and routine out-of-band backups would have eliminated a majority of losses experienced.". Attacker targeted certain industries more frequently.
Logins without multi-factor authentication. terminal services, virtual private networks (VPNs), and remote desktops—often use weak passwords and do not require MFA. Hunt and destroy or encrypt backups hosted in local and cloud networks as well as virtual machine snapshots. Enable multi-factor authentication.
Benefits of Data Access and Governance Strong data access governance benefits firms in various industries, including financialservices, retail, and healthcare. Strong Authentication Measures: Use multi-factor authentication (MFA) to ensure only authorized users can access sensitive data.
infrastructure sectors, including healthcare, government services, financialservices, and critical manufacturing. Adopt a Comprehensive Backup Strategy: Implement the 3-2-1 backup rule with immutable backups to protect against ransomware attacks. PATCH OR DIE!
In a FLASH publication issued by the FBI in coordination with DHS/CISA, the FBI says it has identified at least 52 organizations across 10 critical infrastructure sectors affected by RagnarLocker ransomware, including organizations in the critical manufacturing, energy, financialservices, government, and information technology sectors.
But now CISA (and the FBI) has taken Information Sharing to a whole new level. The White House on Russian Cyber Threats. The White House also released a FACT SHEET: Act Now to Protect Against Potential Cyberattacks.
The eight areas are: Application Control Patch Applications Configure Microsoft Office Macro Settings User Application Hardening Restrict Administrative Privileges Patch Operating Systems Multi Factor Authentication Daily Backups Each area comes with guidance to improve maturity of the area.
The FBI also revealed the at least five energy companies and at least 18 other US companies in different sectors (information technology, financialservice, defense industrial base ) have been subjected to these scanning activities. Create multiple backups of your data. With all this in mind, what should organizations be doing?
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