A recent cyberattack on a Michigan township has exposed weaknesses in the bond-closing process. In this incident, hackers stole over $25 million in bond proceeds by using spoofed email addresses to provide fraudulent wire...more
2/3/2025
/ Cyber Attacks ,
Cyber Threats ,
Cybersecurity ,
Data Breach ,
Data Security ,
Financial Institutions ,
Financial Services Industry ,
Fraud ,
Risk Assessment ,
Risk Management ,
Wire Transfers
The Cybersecurity and Infrastructure Security Agency (CISA), a division of the Department of Homeland Security, has proposed a rule that would govern whether, when, and how companies in critical infrastructure sectors report...more
The average cost of a data breach has reached an all-time high of $4.45 million, according to IBM. Regulatory requirements, scrutiny, and enforcement have continued to expand. As we kick off 2024, here are the key action...more
The Cybersecurity and Infrastructure Security Agency (“CISA”) released a “Sharing Cyber Event Information” Fact Sheet on April 7 that may preview its implementation of the new federal government cyber incident reporting...more