Category Archives: Financial Sector

Disgruntled Cloud Engineer Sentenced to Two Years in Prison for Intentionally Damaging His Former Employer’s Computer Network After He Was Fired

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Miklos Daniel Brody Retaliated Against His Former Employer, a Bank, by Damaging the Bank’s Cloud System and Stealing Valuable Computer Code SAN FRANCISCO – Miklos Daniel Brody was sentenced to 24 months in prison today for a network intrusion and for m… Continue reading Disgruntled Cloud Engineer Sentenced to Two Years in Prison for Intentionally Damaging His Former Employer’s Computer Network After He Was Fired→

What it means — CitrixBleed ransomware group woes grow as over 60 credit unions, hospitals, financial services and more breached in US.

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Kevin Beaumont writes: How CitrixBleed vulnerablity in Netscale has become the cybersecurity challenge of 2023. Credit union technology firm Trellance owns Ongoing Operations LLC, and provides a platform called Fedcomp — used by double digit number of … Continue reading What it means — CitrixBleed ransomware group woes grow as over 60 credit unions, hospitals, financial services and more breached in US.→

60 credit unions facing outages due to ransomware attack on popular tech provider

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Jonathan Greig reports: About 60 credit unions are dealing with outages due to a ransomware attack on a widely-used technology provider. National Credit Union Administration (NCUA) spokesperson Joseph Adamoli said the ransomware attack targeted the clo… Continue reading 60 credit unions facing outages due to ransomware attack on popular tech provider→

Fidelity National Financial ransomware incident impacts real estate closings

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Fidelity National Financial (FNF) is the nation’s largest group of title companies and underwriters in the country. They claim that collectively, they issue more title insurance policies than any other firm in the United States. On Wednesday, whi… Continue reading Fidelity National Financial ransomware incident impacts real estate closings→

States settle with Morgan Stanley for $6.5 million over data security incidents

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In addition to Florida, represented by Consumer Protection Division Multistate and Privacy Bureau Chief Patrice Malloy and Senior Assistant Attorney General Diane Oates, the following states joined the action: Connecticut, Indiana, New Jersey, New York… Continue reading States settle with Morgan Stanley for $6.5 million over data security incidents→

AlphV files an SEC complaint against MeridianLink for not disclosing a breach to the SEC (2)

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Earlier today, AlphV added MeridianLink to their leak site. MeridianLink (MLNK) is the provider of a loan origination system and digital lending platform for financial institutions. AlphV’s listing has been temporarily removed to be updated, but … Continue reading AlphV files an SEC complaint against MeridianLink for not disclosing a breach to the SEC (2)→

Gang says ICBC paid ransom over hack that disrupted US Treasury market, ‘deal closed’

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James Pearson reports: China’s biggest lender, the Industrial and Commercial Bank of China, paid a ransom after it was hacked last week, a Lockbit ransomware gang representative said on Monday in a statement which Reuters was unable to independen… Continue reading Gang says ICBC paid ransom over hack that disrupted US Treasury market, ‘deal closed’→

Compliance: National Credit Union Administration issues letter on cyber incident reporting notification requirements

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CUNA reports: NCUA issued a Letter to Credit Unions (23-CU-07) on the cyber incident notification requirements that go into effect Sept. 1. Credit unions will be required to notify the NCUA no later than 72 hours after the credit union reasonably belie… Continue reading Compliance: National Credit Union Administration issues letter on cyber incident reporting notification requirements→

Proposed Second Amendment to NYDFS Cybersecurity Regulations: Comments Due August 14

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Micaela McMurrough and Caleb Skeath of Covington & Burling write: Following up on the recent release by the New York Department of Financial Services (“NYDFS”) of an updated proposed second amendment to its “first-in-the-nation” Cybersecurity Regul… Continue reading Proposed Second Amendment to NYDFS Cybersecurity Regulations: Comments Due August 14→