The Office of the Comptroller of the Currency (OCC) reported the key issues facing the federal banking system and the effects of the COVID-19 pandemic on the federal banking industry in its Semiannual Risk Perspective for Fall 2020.
While the technical root causes are the same, the impact of an IoT botnet attack on consumer versus enterprise and industrial devices is vastly different. An attack on a consumer gadget could be limited to a privacy issue, whereas the effect of a successful breach on a commercial device can have a significant production or safety cost. That’s why it’s more critical than ever for IT and OT security professionals to understand and be prepared to defend against this growing threat.
Although DDoS as a threat vector may have been overshadowed in the media as a result of several high-profile ransomware operations this year, instances of DDoS attacks show little sign of slowing down as a common tool for malicious actors.
According to new Digital Shadows research, 2020 saw the largest DDoS attack on record, peaking at rate of 2.3 terabytes per second and causing three days of downtime for the targeted business.
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) issued an interagency paper titled “Sound Practices to Strengthen Operational Resilience.” The sound practices paper generally describes standards for operational resilience set forth in the agencies’ existing rules and guidance for domestic banking organizations that have average total consolidated assets greater than or equal to (1) $250 billion or (2) $100 billion and have $75 billion or more in average cross-jurisdictional activity, average weighted short-term wholesale funding, average nonbank assets, or average off-balance-sheet exposure.
Cybersecurity breaches are an all-too-common and ever-evolving threat that every organization should be prepared for. But as digital ecosystems evolve to support new innovations and an increasing number of connected devices, so does the complexity of managing and securing critical network infrastructure. What can be done to prevent attacks and protect sensitive data and critical infrastructure? One of the first and most critical steps to improving security is to ensure network management operates independently from the production network.
Eighty percent of companies say that an increased cybersecurity risk caused by human factors has posed a challenge during the COVID-19 pandemic, particularly in times of heightened stress. This is according to Cyberchology: The Human Element, a new report that explores the role employees and their personality play in keeping organisations safe from cyber threats. Including that:
New data from CyberSeek, America’s top free resource on the U.S. cybersecurity job market, shows that the shortage of cyber professionals is approaching a danger level, putting digital privacy and infrastructure at greater risk.
During the week of October 25, 2020, the UVM Health Network experienced a confirmed cyberattack affecting some systems. Despite standby procedures in place to continue providing safe care, the attack caused variable impacts on services at affiliate organizations.
Cal State San Bernardino’s Cybersecurity Center will host the annual Center of Academic Excellence (CAE) in Cybersecurity Symposium this year to be held virtually Nov. 19-20.
On November 4, 2020, the California Privacy Rights Act (CPRA) passed, with a decisive majority of Californians (56% according to the Secretary of State's web site) supporting the measure to strengthen consumer privacy rights. Here, we talk to Heather Federman, Vice President of Privacy & Policy at BigID, about this sweeping privacy law that will set the bar for privacy rights for the rest of the nation.
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