Cyber Security RESOURCES

Announcing the NEW GRID Active Cyber Risk Readiness Action Dashboard.  The additions to DefenseStorm Cyber Risk Management platform delivers DefenseStorm customers an overview and actionable steps to stay Cyber Risk Ready.

The Federal Financial Institutions Examination Council (FFIEC) released important information surrounding the commonly used Cybersecurity Assessment Tool (CAT).

During the process of purchasing a house, newlyweds Lilah Jones and her husband were deceived into sending money to a scammer. The fraudster used the scam, Business Email Compromise (BEC), to pose as the title company. False wiring instructions were provided, leading the couple to transfer a $130,000 downpayment to a fraudulent account instead of the title company.

In April 2024, a known threat actor calling themselves USDoD claimed to possess and sell approximately 2.9 billion records from National Public Data, which included individuals’ personal data from people in the US, UK, and Canada.

A common way scammers gain access to accounts is through imposter scams. This is where a fraudster poses as someone of authority to scam a victim and commit monetary theft. Fraudsters use psychological strategies, including isolation and instilling a sense of urgency, to take advantage of the trust and emotional vulnerability of their victims. This was just such a case when one senior citizen fell victim to an imposter scam that cost him $740,000 in retirement savings.

News is emerging about AT&T’s disclosure of what they term as ‘Unlawful Access of Customer Data.’  The majority of AT&T customer data was illegally downloaded from their workspace on a third-party cloud platform from May 2022 through October 31, 2022 and on January 2, 2023.

GRID Active now offers customer a view into their state of Cyber Risk Readiness and demonstrates the positive impact an integrated cyber risk management platform can have in managing cyber risk.

In late June 2024, LockBit cybercriminal group claimed responsibility for having breached a government agency with plans to release the stolen data. It was revealed that the group actually breached Evolve Bank and Trust.

What would you do if you got a frantic call from a loved one because they were in danger? Or what if an unknown caller told you that someone dear to your heart would be harmed if you didn’t comply, as the shrieks of a familiar voice begged for help in the background? Would you hang up, or would you pay up? While many people would say they wouldn’t fall for something like that, it’s becoming harder than ever to tell the difference between a scammer posing as a loved one and a genuine cry for help. And as quickly as it begins, it’s over, leaving you with emotional trauma and an empty bank account.

With a resolute effort to unite against the threat of cyber fraud, Fraud Fusion Centers are being embraced across all industries to effectively combat cyber fraud.

Cybersecurity risk management is a critical component of risk for banks and credit unions and by taking a proactive approach to risk, you can identify, mitigate, and even prevent risk before it’s too late. Learn how DefenseStorm’s built for banking approach can help you tackle cybersecurity risk and keep your institution cyber risk ready.

The Olympic Games begin July 26, 2024, and end August 11, 2024. I, like most people around the globe, will be watching and cheering on our nation’s athletes as they achieve their goals and live out their Olympic dreams. Unlike most of the audience, though, I will also be thinking about the unseen but expected threats and attacks that will be occurring from cybercriminals and bad threat actors taking advantage of such a major event.

With cybercriminals always devising new methods to target consumers, cybersecurity experts emphasize the importance of security awareness in preventing fraud. However, despite being an acclaimed financial-advice columnist, Charlotte Cowles [Brooklyn, NY] fell victim to a manipulative scam that cost her $50,000.

A proposed rule from the Federal Deposit Insurance Corporation (FDIC) will establish new regulatory standards and increase the focus of cybersecurity risk management and governance while bringing an expectation of faster response times and real-time remediation of deficiencies.

Reports of a massive AT&T data leak have surfaced, with around seventy million customers potentially affected. The data is reportedly for sale on a leak forum or website.

DefenseStorm has updated its Account Takeover Fraud Prevention further enhancing its capabilities as a powerful cyber risk management solution.  Organizations can now join the Community Watchlists within Account Takeover Fraud Prevention, where they not only receive alerts of new threats, but can add a threat to the watchlist directly from the Alert view.