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 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
In 2022, the stakes for data breaches grew in more ways than one. IBM reported the average cost of a data breach is up to $4.35 million. More importantly, though, regulators have zeroed in on higher-level executives and...more
The Federal Trade Commission (FTC) recently announced its position on breach notification: “Regardless of whether a breach notification law applies, a breached entity that fails to disclose information to help parties...more