BankInfoSecurity.com reported that “The latest edition of the ISMG Security Report discusses how ransomware-as-a-service groups are shifting their business models, how investigators battling cybercrime have been hindered by GDPR, and how employees consider workplace “choice” a key factor for job
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Cyberinsurance exclusions for State-Backed Cyberattacks!
By Peter Vogel
My good friend Judy Greenwald reported for BusinessInsurance.com that “Lloyd’s of London will require standalone cyber policies to include state-backed cyberattack exclusions beginning in March 2023, it said in a market bulletin this week.” The August 18, 2022 article entitled…
Do you have adequate Ransomware Cyber Insurance Coverage?
By Peter Vogel
DarkReading.com reported that “Organizations lack sufficient levels of cyber-insurance coverage to protect themselves in case of a ransomware attack, with just 14% of businesses with 1,400 or fewer employees boasting coverage limits above $600,000.” The August 11, 2022 article entitled…
FTC planning to establish Privacy & Data Security Laws
By Peter Vogel
BankInfoSecurity.com reported that the “…U.S. Federal Trade Commission today initiated a potentially years-long attempt to impose new data security and privacy regulations onto the American economy.” The August 11, 2022 article entitled “FTC Initiates Privacy and Data Security Rule-Making…
FTC Investigating BitMart After $200M Crypto Theft!
By Peter Vogel
BankInfoSecurity.com reported that “The U.S. Federal Trade Commission is investigating the operators of a cryptocurrency platform that lost $200 million of investor funds in one of the biggest crypto cyberattacks of 2021.” The August 11, 2022 report entitled “FTC…
Bitcoin Mercantile Exchange (BitMEX) employee pleads guilty to violation of Bank Secrecy Act!
By Peter Vogel
BankInfoSecurity.com reported about BitMEX that “A high-ranking employee at a cryptocurrency exchange with U.S. operations has pleaded guilty to violating the Bank Secrecy Act [BSA]. The law requires financial institutions to help U.S. government agencies prevent money laundering.” The August…
Poor Cybersecurity Leads to $30M Fine for Robinhood Crypto!
By Peter Vogel
BankInfoSecurity.com reported that “Smartphone investing app Robinhood Markets will pay New York financial regulators $30 million to settle findings that its cryptocurrency trading division had poor cybersecurity and failed to monitor for illegal transactions.” The August 2, 2022 article entitled…
Building a Cybersecurity Culture is Critical!
By Peter Vogel
DarkReading.com reported “With cyberattacks becoming more frequent and costly, not to mention the additional challenges inherent in securing a remote workforce, it is more important than ever that organizations build a culture of security.” The July 29, 2022 article entitled…
Why did we let China leapfrog the CHIP marketplace?
By Peter Vogel
The NewYorkTimes.com reported that “Experts are still assessing how China apparently leapfrogged ahead in its effort to manufacture a semiconductor whose circuits are of such tiny dimensions — about 10,000 times thinner than a human hair — that they rival…
Are you ready for Metaverse Medicine?
By Peter Vogel
VentureBeat.com reported that “we can imagine tiny robotic vessels that go inside the body and swim around under the control of doctors who diagnose patients from the inside, and even perform surgical tasks.” The July 24, 2022 article entitled “…