Leveraging Knowledge to Manage Your Data Risks
Virtual currency exchanges are popping up at breakneck speed. Tether, which operates USDT, a cryptocurrency that is backed up with the U.S. dollar, announced that almost $31 million of its USDT was stolen from its core treasury wallet “through malicious action by an external attacker.”
In response to the heist, Tether has flagged and is…
The Federal Deposit Insurance Corporation (FDIC) reported on Monday, May 16, 2016, that it had experienced five “major incidents” involving the disclosure of taxpayers’ personal information since the last incident we reported on last month involving 44,000 records.
A “major incident” is defined as involving more than 10,000 records. The reported incidents all involved FDIC…
Long gone are the days when a financial institution’s primary security concern was protecting cash in the bank vault, the Federal Deposit Insurance Corporation (FDIC) acknowledges in its recent article, “A Framework for Cybersecurity,” released February 1, 2016. Instead, the framework asserts that cyber-attacks now represent “one of the most critical challenges facing…
