Jul 18, 2023 | Financial, Ransomware
Ransomware has quickly become one of the most significant threats to financial institutions. Banks, credit unions, and other financial firms are attractive targets for cybercriminals due to the vast amounts of sensitive data and the high value of financial...
Jul 18, 2023 | FTC Safeguards Rule, Ransomware
Financial services companies are a favorite target for cybercriminals, and ransomware attacks remain one of the most significant threats. However, ransomware attacks do not merely disrupt operations and extract hefty ransoms; they also have the potential to disrupt...
Nov 3, 2022 | Cyber Attack, Cyber Awareness, NIST CSF, Phishing, Ransomware, Smishing
Cyber-attacks are rising daily and organizations need to take advantage of every tool available. Approximately 60% of SMB’s that suffer a breach go out of business in 6 months. What threats should you be on the lookout for? Here are common and emerging cyber threats...
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...
