Items Tagged with 'cyber breach'


  • 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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  • 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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  • American Pacific Mortgage sues insurer after hacker stole funds from lender

    Claims Aspen Specialty Insurance is in breach of contract
    American Pacific Mortgage filed a lawsuit in federal court this week against Aspen Specialty Insurance Company, claiming that the insurance company is refusing to cover a claim filed after a hacker impersonated the mortgage company’s former CEO and stole more than $75,000 from the company.
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  • Did the NSA spy on Middle East banks using the SWIFT network?

    New release from hacker group suggests U.S. compromised elements of global banking system
    Banks are under cyber attack from every side, including, if you believe the latest claim from the Shadow Brokers hacking group, the National Security Agency. In the case of the NSA, the latest data dump from the Shadow Brokers suggests the NSA’s motive was to surveil banking activity in the Middle East, not steal money, but any breach of security of the global messaging network could have significant consequences. 
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  • New York unveils final cybersecurity regulations

    New rules take effect on March 1
    Last year, the state of New York announced a series of sweeping regulations that require banks, insurance companies, and other financial services companies to significantly increase their cybersecurity programs. The rules are set to take effect on March 1, 2017, and now, with less than two weeks until the rules take effect, New York is releasing the final version of the regulations.
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  • Monday Morning Cup of Coffee: One year later, Arizona Realtor still missing

    Here's how much a cyber breach will cost your company
    Welcome to the first day of summer! Things are on rise this week, with both cyber breaches and rents reporting just how much they've each grown. On the opposite side, San Francisco housing finally isn't rising. And now one year after his bother went missing, Chris Cranston recounts the case to The Huffington Post’s Senior Crime Reporter.
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