Encryption Isnā€™t Your Only Ransomware Problem – There Are Some Other Nasty Issues

RansomwareĀ has become one of the most dreaded problems in the cyber world and itā€™s only getting worse. Much worse! Traditionally, ransomware was a trojan horse malware program which when it found a new host computer simply went off, encrypted all the data it could find, and sent the user an onscreen message to pay a […]

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Have I Thought of Everything When It Comes to OFAC?

This is one of those questions that keep OFAC Officers up at night.Ā Due to the complexity ofĀ theĀ OFACĀ sanctions andĀ the scope of application,Ā it isĀ a challenge to create a robust program and think of everything. However,Ā with theĀ potentialĀ of fines with even one violation,Ā and the sizeĀ of fines being issued for multiple violations,Ā itĀ is imperative that financial institutions have aĀ strongĀ OFAC program.Ā AĀ strongĀ program must […]

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New York Cybersecurity Requirements for Banks and Financial Institutions

On March 1, 2017, the New York State Department of Financial Serviceā€™s (the ā€œDFSā€) final cybersecurity regulations became effective (see 23 NYCRR Ā§ 500). These rules were originally published on September 13, 2016. Just before the end of the year, the DFS published another proposed regulation that eased somewhat the requirements of the original proposal […]

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