Most federal cybersecurity reporting rules are duplicative, study finds
The Government Accountability Office looked at 117 rules across 37 agencies and found 70% had reporting requirements that were overlapping.
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financial sector
Two new extortion crews are speedrunning the Scattered Spider playbook
CrowdStrike says The Com-affiliated threat groups are using voice phishing and fake SSO pages to break into SaaS environments and steal data fast for extortion.
Legislation would designate ‘critical cyber threat actors,’ direct sanctions against them
The bill is a bid at further deterring cyberattacks, a sentiment with growing focus on the Hill and in the Trump administration.
North Korean companies, people sanctioned for money laundering from cybercrime, IT worker schemes
The Treasury Department on Tuesday sanctioned eight people and two companies it accused of laundering money obtained from cybercrime and IT worker schemes to fund North Korean…
SEC withdraws cyber rules for investment companies, advisers
The move last week came amid the pullback of other SEC regulations.
House bill aims to better protect financial institutions from ransomware attacks
The bipartisan legislation would direct the Treasury secretary to deliver a report on public-private coordination to combat attacks on the financial sector.
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Microsoft seizes websites tied to Egypt-based DIY phishing kit-maker
The kits, which the company said were a sophisticated approach to bypassing multifactor authentication, pose a particular threat to the financial services sector.
Treasury official: Small financial institutions have ‘growth to do’ in using AI against threats
AI-specific fraud and cyber risks in the financial sector are especially pronounced for small banks, the agency’s chief AI officer said.