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Cyber

NYDFS Proposed Enhancements – Second Amendment to 23 NYCRR 500

 On July 29, 2022, the New York Department of Financial Services (NYDFS) provided several potential enhancements to the existing Part 500 Cybersecurity Rules. The Draft Amendments can be divided into six categories: Assessments, Technical Requirements, Governance, Obligations for Larger Companies, Notifications, and Penalties.  Assessments  The Draft Amendments expand the current definition of Risk Assessment to

2022-08-02T12:26:48-04:00August 1st, 2022|BCP, Cyber, Hackers, NYDFS, Penetration Test, Regulatory, Vulnerability|

The SEC proposes new Cybersecurity rules

Earlier today the Securities and Exchange Commission voted to propose rules related to cybersecurity risk management for registered investment advisers, and registered investment companies and business development companies (funds), as well as amendments to certain rules that govern investment adviser and fund disclosures. The SEC Chair Gary Genlser stated that the proposed rules and amendments

NYDFS’s first time charging a company for not adhering to their Cybersecurity Regulation Part 500 of Title 23

The New York Department of Financial Services ("NYDFS") has charged First American Insurance company with multiple section code violations pertaining to cyber security policies. This is NYDFS's first time charging a company for not adhering to their Cybersecurity Regulation Part 500 of Title 23. The charges held against First American are as follows: Deficient cybersecurity

2022-08-02T12:30:30-04:00January 7th, 2022|Cyber, Hackers, NYDFS, Rules, SEC|

FINRA Keeps Its Business Continuity Rule Intact

FINRA Rule 4370 requires firms of all sizes to be prepared for business disruptions by maintaining a business continuity plan. After conducting a "Pandemic Review" of the rule, which included extensive feedback from internal and external stakeholders, FINRA decided to keep the rule as is. A majority of the feedback received indicated that Rule 4370

2022-01-07T18:25:58-05:00December 30th, 2021|BCP, Cyber, FINRA|

Next Generation Ransomware Attacks

Ransomware, the word alone evokes fear into many companies. How did this form of crime actually start? In 1989, Dr. Joseph L. Popp created the first ransomware called the "AIDS Trojan." This trojan virus encrypted files on a computer after rebooting a number of times. Fast forward to 2006, Archiveus, a computer virus that affected

Critical Apple vulnerability exploited to eavesdrop!

Apple has released an emergency security update to address vulnerabilities in iOS and iPadOS for a zero-click zero day exploit that allows the installation of malware on a device. An attacker could exploit these vulnerabilities to take control of an affected device if they are unpatched. "Attacks like the ones described are highly sophisticated, cost

2021-09-14T18:12:31-04:00September 14th, 2021|Apple, Cyber, Exploit, Hackers, Identity Theft, PII, Privacy, Technology, Vulnerability|

The SEC issues fines for deficient cybersecurity programs!

Today the Securities and Exchange Commission (SEC) sanctioned eight firms in three actions for failures in their cybersecurity policies and procedures that resulted in email account takeovers exposing the personal information of thousands of customers and clients at each firm. A total of $800,000 were levied against these firms. In summary, the firms named in

Critical Print Spooler Vulnerability, Netgear Auth Bypass, and REvil Ransomware

PrintNightmare, Vulnerability Affecting Windows Print Spooler Eleven years ago, an escalation of privilege bug in the Windows print spooler services was used in the Stuxnet attack, the notorious worm that destroyed the enrichment centrifuges of an Iranian Nuclear facility. Over the past eleven years, Microsoft's print spooler is still plagued by multiple vulnerabilities. Yesterday, proof-of-concept

2021-07-02T10:47:03-04:00July 2nd, 2021|Cyber|

SEC Charges First American Financial Corporation With Cybersecurity Disclosure Controls Failures

On June 15, 2021 “The Securities and Exchange Commission (“SEC”) announced settled charges against real estate settlement services company First American Financial Corporation for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information.” On May 24, 2019, Brian Krebs notified First American Financial Corporation of a vulnerability with its

2021-06-15T12:53:23-04:00June 15th, 2021|Cyber, OCIE, Privacy, Regulatory, SEC, Vulnerability, Vulnerability Disclosure|

What is Ethical Hacking? Everything You Need to Know About Ethical Hacking—With Examples

Our founder Anand Mohabir was interviewed by Kindra Cooper, from Springboard, on the topic of Ethical hacking. “There’s a lot that comes into play when you’re trying to become an ethical hacker. You have to know how a network is designed and operated, how servers interact, how virtual machines, storage and firewalls work,” said Mohabir.

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