Jun 6, 2022 | Cyber Awareness, Data Security, Financial, Ransomware, Uncategorized
The New York Department of Financial Services implemented 23 NYCRR 500 in March of 2017 in an attempt to respond to an increasing risk of cyberattacks in financial institutions. These regulations establish requirements that all financial institutions operating in New...
Jun 6, 2022 | Cyber Awareness, Data Security, Financial, Ransomware, Uncategorized
In 2021, the banking industry saw a 1318% increase in ransomware attacks compared to the previous year. Did you know that there are steps your financial organization can take to better prepare for a ransomware attack? Secure your data and protect the longevity of your...
May 25, 2022 | Cyber Awareness, Data Security, Financial, Ransomware
As we continue into 2022, ransomware is constantly evolving to test the new limits of cybersecurity. Criminals prefer ransomware for its low overhead costs and high profit margins. As a financial services firm, you must stay on top of your game when preventing...
May 25, 2022 | Cyber Liability Insurance, Financial, Ransomware
Whether you’re a small business or a multi-million dollar institution, you have the risk of encountering a devastating ransomware attack. You might be thinking, “It’s never happened to my organization, I doubt it will happen anytime soon.”. Many organizations make the...
May 19, 2022 | Cyber Awareness, Financial
Cyberattacks nationwide keep growing in the financial industry; 70% of institutions say cybersecurity is now their top concern. On average, 26% of financial institutions fall victim to cyber fraud (Source). What happens if your financial institution is victim to a...
May 19, 2022 | Cyber Awareness, Financial
Last year was a record setting year for cybercrime, with the finance sector being one of the main targets. According to the FBI, the amount paid to ransomware scammers has reached nearly $1 billion annually. Overall, this industry has the second highest number of...
