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New York is #quietly working to #prevent a major #cyber attack that could bring down the #financial #system

Source: National Cyber Security News

Five months before the 9/11 attacks, US Secretary of Defense Donald Rumsfeld sent a memo to one of his advisers with an ominous message.

“Cyberwar,” read the subject line.

“Please take a look at this article,” Rumsfeld wrote, “and tell me what you think I ought to do about it. Thanks.”

Attached was a 38-page paper, published seven months prior, analyzing the consequences of society’s increasing dependence on the internet.

It was April 30, 2001. Optimistic investors and frenzied tech entrepreneurs were still on a high from the dot-com boom. The World Wide Web was spreading fast.

Once America’s enemies got around to fully embracing the internet, the report predicted, it would be weaponized and turned against the homeland.

The internet would be to modern warfare what the airplane was to strategic bombers during World War I.

The paper’s three authors — two PhD graduates and the founder of a cyber defense research center — imagined the damage a hostile foreign power could inflict on the US. They warned of enemies infecting computers with malicious code, and launching mass denial of service attacks that could bring down networks critical to the functioning of the American economy.

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Financial Services Information Security Network

Source: National Cyber Security News

General Cybersecurity Conference

 April 23 – 24, 2018 | Windsor, United Kingdom

Cybersecurity Conference Description

The Financial Services Information Security Network returns again in 2018 on the 16th & 17th April at the prestigious Beaumont Estate, Windsor Berkshire Hotel, Windsor UK. With over 120 CISOs & Heads of Information Security & Risk from across the financial services industry, the Financial Services Information Security Network is the must attend event for the most senior security leaders within financial services to network, share insights and find solutions over the two days.

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New Cybersecurity Regulations Adopted to Protect Financial Systems & Information

Source: National Cyber Security – Produced By Gregory Evans

In 2016 almost 1.1 billion identities were stolen globally. This number is up dramatically from a reported 563.8 million identities stolen in 2015. In addition, the same Symantec Internet Security Threat Report placed the United State at the top of the list for both the number of breaches by country…

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Corvil Develops World’s First Virtual Security Expert to Address Cybersecurity in Financial Markets

Source: National Cyber Security – Produced By Gregory Evans

Corvil Develops World’s First Virtual Security Expert to Address Cybersecurity in Financial Markets

Corvil today announced a cybersecurity solution specifically designed to address the unique security needs of today’s electronic trading businesses looking to solve escalating concerns over cyber attacks while demonstrating compliance with evolving regulations. Powered by sophisticated machine learning algorithms, Corvil “Cara” acts as a virtual security expert that autonomously identifies vulnerabilities and possible attacks within trading environments that often process …

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Hacking Threat Increasingly Targeting Smaller Financial Firms

Source: National Cyber Security – Produced By Gregory Evans

Hacking Threat Increasingly Targeting Smaller Financial Firms

Big cyber heists make big headlines, but increasingly hackers are going after smaller financial firms, those with less than $1 billion in annual revenue, according to a recent report. Although …

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Healthcare sector in the US has seen more hacking attacks than financial sector, says security firm

Source: National Cyber Security – Produced By Gregory Evans

Technology is encompassing every aspect of our lives. With the internet of things (IoT) devices, everyday equipment has a smart edge to them as well. Medical devices are no different. But unless the security loopholes are not plugged in, medical …

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New York Intros New Cyber Security Rules for Financial Companies

Source: National Cyber Security – Produced By Gregory Evans

New York Intros New Cyber Security Rules for Financial Companies

The State of New York recently announced new regulations [PDF], set to take effect on March 1, that require banks, insurance companies and other financial services companies to establish and maintain cyber security programs that meet specific standards. “As our …

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New York’s New Cybersecurity Rule for Financial Institutions & How It May Affect You

Source: National Cyber Security – Produced By Gregory Evans

New York’s top banking regulator, the New York Department of Financial Services (“NYDFS”), recently issued a revised rule, effective March 1, 2017, that requires banks, insurance companies and other financial institutions regulated by NYDFS to establish and maintain a comprehensive …

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Russia: Hackers Target Financial Sector

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Source: National Cyber Security – Produced By Gregory Evans

Russia: Hackers Target Financial Sector

Hackers conducted coordinated attacks on five of Russia’s top 10 financial institutions on Tuesday, the Central Bank told state media.
Sberbank, along with four other institutions, experienced distributed denial of service (DDoS) attacks on Tuesday and through the night into

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Chinese cyber security law may make it difficult to manage risks, says Asia financial body

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Source: National Cyber Security – Produced By Gregory Evans

Chinese cyber security law may make it difficult to manage risks, says Asia financial body

The chief of one of Asia’s most prominent financial trade bodies on Tuesday said new cyber security rules in China could make it harder for foreign companies operating in the country to manage risk as cyber threats become increasingly cross-border.

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