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Search Results for: ransomware

FFIEC Warns of Increase in Cyber Attacks Involving Extortion, Encourages Financial Institutions to Develop Response Programs

November 10, 2015 By Privacy, Cyber & Data Strategy Team

Last week, the Federal Financial Institutions Examination Council (FFIEC) issued a joint statement warning of an “increasing frequency and severity of cyber attacks involving extortion.” The statement warned that criminals have been extorting financial institutions using a variety of tactics, including denial of service attacks, theft of sensitive information, and use of “ransomware,” which is […]

Filed Under: Cyber Risk, Cybercrime, Data Breach, Data Protection, Enforcement, Financial Privacy, Regulation, Security Breach

FFIEC Issues Warnings on Malware and Cyber Attacks

April 7, 2015 By Privacy, Cyber & Data Strategy Team

The Federal Financial Institutions Examination Council (FFIEC) has issued two joint statements warning of specific cyber risks.  The warnings, which were issued on March 30, 2015, address risks arising from destructive malware, which can destroy sensitive data, and cyber-attacks that compromise user credentials.  In both statements, the FFIEC also provides guidance on how to mitigate […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Data Protection, Regulation

International Collaboration Disrupts GameOver Zeus and CryptoLocker

June 4, 2014 By Maki DePalo

On June 2, 2014, in collaboration with the European Cybercrime Centre at Europol, the Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) announced a multi-national effort to disrupt the GameOver Zeus botnet, an extremely sophisticated type of malware designed to steal banking and other credentials from infected computers. The DOJ and the FBI also […]

Filed Under: Cyber Risk, Cybercrime, Cybersecurity, Enforcement, International Tagged With: Department of Justice

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