Collaborate Disseminate
[Press Release] The FBI is warning cryptocurrency companies of recent blockchain activity connected to the theft of hundreds of millions of dollars in cryptocurrency. Over the last 24 hours, the FBI tracked cryptocurrency stolen by the Democratic Peopl… Continue reading FBI Identifies Cryptocurrency Funds Stolen by DPRK
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
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
Marco A. De Felice of SuspectFile (aka @amvinfe) reports that BankCard USA (BUSA) recently paid the Black Basta ransomware group $50,000 ransom. But if BUSA hoped to keep the breach and payment out of the public eye, they should sit down before they re… Continue reading Attacked by Black Basta, BankCard USA paid ransom.
Sergiu Gatlan reports: Law enforcement has detained a suspect believed to be a key member of the OPERA1ER cybercrime group, which has targeted mobile banking services and financial institutions in malware, phishing, and Business Email Compromise (BEC) … Continue reading Police arrest suspect linked to notorius OPERA1ER cybercrime gang
The Straits Times/ANN reports: Thirteen people, including a 16-year-old youth, were arrested for their suspected involvement in the recent spate of banking-related malware scam cases. Preliminary investigations showed that 10 of the 13 suspects, aged b… Continue reading 16-year-old youth among 13 arrested for alleged involvement in banking-related malware scams in Singapore
Umar Cheema reports: Sensitive data of the Securities and Exchange Commission of Pakistan (SECP) has allegedly been stolen which has resulted in a tug of war between the chairman and the relevant commissioner. The latter claims she was kept in dark abo… Continue reading Pk: Tension within SECP escalates as it tries to downplay data breach
FE Digital Currency reports: South Korea’s Financial Services Commission (FSC) has reported 16 foreign crypto exchanges to investigative agencies for violating the Specific Financial Information Act, Cryptoslate reported quoting news1. As per the repor… Continue reading South Korea to ban 16 unregistered overseas crypto exchanges
Jim Nash reports: A U.S. consumer finance regulator has published a circular warning that insufficient security for consumer biometric and other personal data is illegal under federal law. Multi-factor authentication is singled out as a method of makin… Continue reading US regulator urges MFA and puts banks on notice – not reasonably protecting data is illegal
Patrick H. Haggerty and Elise Elam of BakerHostetler write: On July 29, the New York Department of Financial Services (NYDFS) released Draft Amendments to its Part 500 Cybersecurity Rules that include a number of significant amendments to the rules, in… Continue reading NYDFS Proposed Amendments to Its Cybersecurity Rules