In a recent survey, fully 70 percent of financial services firms report experiencing a cyber-attack in the past 12 months — up more than 20 percent over 2019. That’s according to an October 2020 report conducted by the Ponemon Institute LLC for Keeper Security. Keeper Security is a Chicago-based provider of a cyber-security platform meant… Read More >>
CFTC Wants Firms to Test Cybersecurity Systems
The CFTC has finalized new rules for cybersecurity safeguards systems-testing requirements at its most recent open meeting at which Chairman Timothy Massad called the risk of cyberattack “probably … the single greatest threat to the stability and integrity of our markets today.” At the meeting, commissioners approved final rules for testing requirements for designated contract… Read More >>
BAE Profiles ‘World’s Most Dangerous Cybercriminals’
Six Types of Cybercriminal to Avoid BAE Systems, the London-based, multinational security company, recently released profiles of “six prominent types of cybercriminals” and detailed how they could hurt companies around the globe, officials say. Threat intelligence experts at BAE Systems have compiled a list, “The Unusual Suspects,” that has been created from “research that uncovers… Read More >>
Cyberattack Costs to Hit $2 Trillion by 2019: Report
New research suggests the total cost of cyberattacks could reach $2.1 trillion annually by 2019, four times the estimated cost of breaches in 2015, according to a new report by market research firm Juniper Research. While the Juniper report, “The Future of Cybercrime and Security: Financial and Corporate Threats and Mitigation,” doesn’t break down those… Read More >>
