Recently a few of our clients were recipients of phishing email leveraging scare tactics, also known as the Phantom Extortion Scam. This scam involves cyber criminals sending fake emails or messages to individuals or businesses, claiming that there has been a security breach or incident involving sensitive client or organization data. The cyber criminals then
LastPass, a popular password management service, has revealed that malicious actors have gained access to unencrypted customer data, including web URLs, email addresses, company names, billing addresses, telephone numbers, and IP addresses of LastPass customers, as well as encrypted copies of customer password vaults. This information was compromised using previously stolen data from a breach in
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
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
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
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
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
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
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
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
