Data Privacy & Cybersecurity

FDIC to Banks: Prep for “Urgent” Threat of Cyberattacks

A Cybersecurity and Critical Infrastructure Working Group formed by the Federal Financial Institutions Examination Council will soon release a report assessing the banking sector’s overall readiness to address a significant cyberthreat, FDIC Chairman Martin Gruenberg told attendees of the American Banker Regulatory Symposium.

Insurer Not Off The Hook In $3.5 Million Computer-Hack Case

After hackers managed to route $3.5 million from a customer’s Philadelphia bank account to recipients in Russia and Belarus, the […]

JPMorgan Hackers Breached Nine Other Financial Firms

The overseas hackers who compromised more than seven million people’s information at JPMorgan Chase & Co. also infiltrated nine other […]

Hackers Targeting Law Firms To Get To Corporate Clients

Hackers are looking to cyber-vulnerable law firms as a “back door” to gain access to the firm’s corporate clients. The […]

IBM Study: Most Cyber Breaches Involve Human Error

Businesses are spending big money to make sure they have the technology they need to keep data secure but the […]

Firms Spend Big To Stay Ahead of Hackers

The number keep getting more alarming: The number of incidents, the cost of an incident, the number of compromised accounts […]

SEC Requires Greater Disclosure of Cyber Events

Public companies may soon be required to file a Form 8-K with the SEC after experiencing a cybersecurity event.

Coverage From Cyber-Insurance Could Prove Thin

Cyber insurance demand is skyrocketing, but the difficulty of defining and quantifying damages means that companies suffering a breach will […]

U.S. Firms May Be Casualty Of China-U.S Cyber Dispute

Chinese state institutions and media have intensified a campaign to replace U.S. information technology companies with domestic counterparts, as mutual […]