BankInfoSecurity.com reported that “The latest edition of the ISMG Security Report discusses how ransomware-as-a-service groups are shifting their business models, how investigators battling cybercrime have been hindered by GDPR, and how employees consider workplace “choice” a key factor for job satisfaction.” The August 25, 2022 article entitled “Are Ransomware-as-a-Service Groups in Decline?” included
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Cyberinsurance exclusions for State-Backed Cyberattacks!
My good friend Judy Greenwald reported for BusinessInsurance.com that “Lloyd’s of London will require standalone cyber policies to include state-backed cyberattack exclusions beginning in March 2023, it said in a market bulletin this week.” The August 18, 2022 article entitled “Lloyd’s requiring state-backed cyberattack exclusions” included these comments from my friend Judy Shelby…
Do you have adequate Ransomware Cyber Insurance Coverage?
DarkReading.com reported that “Organizations lack sufficient levels of cyber-insurance coverage to protect themselves in case of a ransomware attack, with just 14% of businesses with 1,400 or fewer employees boasting coverage limits above $600,000.” The August 11, 2022 article entitled “Cyber-Insurance Fail: Most Businesses Lack Ransomware Coverage” included these comments about a “BlackBerry…
FTC planning to establish Privacy & Data Security Laws
BankInfoSecurity.com reported that the “…U.S. Federal Trade Commission today initiated a potentially years-long attempt to impose new data security and privacy regulations onto the American economy.” The August 11, 2022 article entitled “FTC Initiates Privacy and Data Security Rule-Making” included these comments from FTC Chair Lina Khan:
A significant majority of Americans today…
FTC Investigating BitMart After $200M Crypto Theft!
BankInfoSecurity.com reported that “The U.S. Federal Trade Commission is investigating the operators of a cryptocurrency platform that lost $200 million of investor funds in one of the biggest crypto cyberattacks of 2021.” The August 11, 2022 report entitled “FTC Probes BitMart After $200M Theft at Crypto Exchange” included these comments:
In December 2021,…
Bitcoin Mercantile Exchange (BitMEX) employee pleads guilty to violation of Bank Secrecy Act!
BankInfoSecurity.com reported about BitMEX that “A high-ranking employee at a cryptocurrency exchange with U.S. operations has pleaded guilty to violating the Bank Secrecy Act [BSA]. The law requires financial institutions to help U.S. government agencies prevent money laundering.” The August 9, 2022 article entitled “Fresh Guilty Plea Follows Crackdown on BitMEX Exchange” included…
Poor Cybersecurity Leads to $30M Fine for Robinhood Crypto!
BankInfoSecurity.com reported that “Smartphone investing app Robinhood Markets will pay New York financial regulators $30 million to settle findings that its cryptocurrency trading division had poor cybersecurity and failed to monitor for illegal transactions.” The August 2, 2022 article entitled “New York Nabs $30M From Robinhood Crypto in Regulatory Fine” included these comments:…
Building a Cybersecurity Culture is Critical!
DarkReading.com reported “With cyberattacks becoming more frequent and costly, not to mention the additional challenges inherent in securing a remote workforce, it is more important than ever that organizations build a culture of security.” The July 29, 2022 article entitled “3 Tips for Creating a Security Culture” included the comments about TIP #1…
Why did we let China leapfrog the CHIP marketplace?
The NewYorkTimes.com reported that “Experts are still assessing how China apparently leapfrogged ahead in its effort to manufacture a semiconductor whose circuits are of such tiny dimensions — about 10,000 times thinner than a human hair — that they rival those made in Taiwan, which supplies both China and the West.” The July 28, 2022…
Are you ready for Metaverse Medicine?
VentureBeat.com reported that “we can imagine tiny robotic vessels that go inside the body and swim around under the control of doctors who diagnose patients from the inside, and even perform surgical tasks.” The July 24, 2022 article entitled “Medicine and the metaverse: New tech allows doctors to travel inside of your body”…