Articles Tagged with ''Cyber security''

From HW Magazine

Creating a culture of IT security

How to boost your company’s cybersecurity efforts
The state of corporate cybersecurity is constantly in flux. With new threats emerging and multiplying quickly, the stakes are high for making sure company systems and data are always secure. According to the 2018 Cost of a Data Breach Report, the average cost of a data breach across industries and countries is $3.86 million, a 6.4% increase from 2017 and a nearly 10% net increase over the past five years. It is no surprise that business leaders are continually looking to lessen the risks.
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Three emerging cybersecurity trends to focus on in 2018

These are the trends your company should look out for
[Expert commentary] We’re now well into the second quarter of 2018, a point where organizations should be well into executing their technology and cybersecurity plans for the year. However, many are still looking for guidance on what products they should be considering, how to align their needs with their limited budgets, or even more simply, how to meet the latest compliance requirements. Here are three emerging trends companies should be focused on for the rest of 2018.
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Feds arrest 8 more in ongoing action against hackers targeting wire transfers

Africa-based conspiracy defrauded U.S. citizens and companies out of $15 million
For the second time this month, federal authorities have arrested a number of people who allegedly participated in schemes designed to intercept and hijack wire transfers from businesses and individuals, including those involving real estate transactions. This week, eight more people were arrested for participating in a widespread, Africa-based conspiracy that allegedly defrauded U.S. citizens and companies out of $15 million over the last several years.
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New York imposes new consumer protection regulations on credit reporting agencies

Governor Cuomo takes a hardline on consumer protection, mandating cybersecurity programs and other regulations
New York announced today that it is requiring credit reporting agencies with significant operations in the state to register with its Department of Financial Services and comply with its cybersecurity standards. Governor Andrew Cuomo has been a vocal proponent of increased consumer protection, especially following the Equifax data breach.
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CFPB resumes collection of private consumer data

Completes review of cybersecurity defenses
The CFPB announced it will once again begin collecting private consumer data after completing a review of its cybersecurity defenses. Acting Director Mick Mulvaney announced in an internal memo that, after an exhaustive review by outside experts, including a comprehensive “white-hat hacking” effort, the bureau can lift freeze it instituted back in December to stop collecting consumer data.
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Cybersecurity experts: Data breaches are a matter of when, not if

So you better be prepared
To hear several cybersecurity experts tell it, data breaches are all but inevitable at every company, no matter how small they may be. The only choice for companies, at this point, is to be prepared for what’s coming. That was the message during the “Business Response to Cyber Risk” panel held Monday at the Mortgage Bankers Association’s Commercial/Multifamily Servicing and Technology Conference, which is going on right now in Miami.
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Equifax reveals how much information was really exposed in data breach

How bad was Equifax’s data breach? Bad.
For the first time, Equifax is revealing just how much personal data was exposed in the massive data breach that affected more than 148 million Americans. In a new filing with the SEC, the credit reporting agency broke down in detail the types of – and how much exactly – sensitive personal information was exposed to hackers in the breach. It's as bad as you think.
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MBA Tech: Here are the biggest cybersecurity threats to mortgage companies right now

Ransomware and wire fraud are low-hanging fruit for criminals
Cybersecurity experts on several panels at the MBA Tech conference in Detroit on Monday outlined the greatest risks the mortgage industry is facing right now and what companies can do to prepare. Among the worst things that could happen? A ransomware attack. This extortion scheme has morphed in recent years, with individuals or companies offering ransomware-as-a-service, which puts another layer of criminality between you and your data.
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Richey May launches cybersecurity services

Information security expert John-Thomas Gaietto will serve as executive director
Accounting and advisory firm Richey May announced Thursday it launched a cybersecurity services practice, Richey May Technology Solutions, to help lenders and servicers protect themselves against online fraud and data attacks. The company also announced John-Thomas Gaietto, an information security expert, will serve as the service's executive director.
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Equifax reveals 2.4 million more people were victims of data breach

Additional names and partial driver’s license information stolen by hackers
Equifax revealed Thursday that an additional 2.4 million people are victims of the company’s 2017 data breach. Initially, the company said the personal information of approximately 143 million people was stolen. Now, it turns out that the number of victims is actually closer to 148 million.
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