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Cybersecurity – Part 2
In Part 1 I discussed the increasing regulatory focus on cybersecurity, and what to expect in the short term. In this post I want to dissect the individual elements of cybersecurity, and list what you’ll need to do to demonstrate compliance on each one going forward. So here are the required elements of a cybersecurity program, followed…
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New cyber attack targeting small to medium-sized financial institutions
The FBI, in association with the Financial Services Information Sharing and Analysis Center (FS-ISAC) and the Internet Crime Complaint Center (IC3), recently issued a fraud alert warning that criminals are using a multi-vector attack to compromise financial institution networks and initiate fraudulent wire transfers. The first thing that struck me about this attack is that…
