The Dark Web Criminals Both the Financial Crimes Enforcement Network (FinCEN) and the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) have issued recent advisories concerning ransomware payments. This article provides an overview of those advisories. Both the Financial Crimes Enforcement Network (FinCEN) and the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) have issued recent advisories concerning ransomware payments.[1] Ransomware attacks occur when a cyber actor uses malicious software (“malware”) to block access to a computer network or data, and offers to restore access in exchange for payment of ransom. Ransom is generally demanded in…
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Predicting Cyber Security Breaches Cyber security breaches often result in the improper transfer of personal identifying information or sensitive financial and health information. This article focuses on the identification of potential cyber security breaches and how courts are addressing the presentation of such cases, including the issue of damages. Read Identifying and Calculating Recoverable Damages in Cyber Security Breaches—Part 1
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Predicting cyber security breaches Cyber security breaches often result in the improper transfer of personal identifying information or sensitive financial and health information. This article focuses on the identification of potential cyber security breaches and how courts are addressing the presentation of such cases, including the issue of damages.
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External Attacks, Data Loss are Top Concerns Jeffrey Roman at Government Industry Security interviews Forensics expert Rob Lee who says its not new types of attacks that concern him. It’s the old ones that continue to impact organizations. How can organizations learn from past incidents and respond in 2013? The bulk of the cases he investigates are external breaches, not insider cases, says Lee, a seasoned forensics professional and curriculum lead and author for digital forensic and incident response training at the SANS Institute. When analyzing the incidents and reporting back to technical teams or executives, he’s often faced with the question, “How do…
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Organizations with a Market Capitalization of Less than $300 Million may be Paying Higher Insurance Premiums Catastrophic risk is of increased concern to insurers, and small businesses without losses will likely face increased premiums of 10-20 percent on renewal next year. Why? Wildfires, cyber-crime, cloud computing risk, and workers compensation rates are some reasons insurers cite.