The Federal Trade Commission (FTC) is set to require more data breach reporting and security plans from nonbanking financial entities. The FTC also reports on efforts to combat cross-border fraud and ransomware attacks. The Consumer Financial Protection Bureau (CFPB) has proposed a financial data and open banking rule. The Biden administration and 40 other national governments will pledge not to pay ransoms to cybercriminals as part of the International Counter-Ransomware Initiative. The White House has a plan to stop ransomware by blocking payments and sharing Treasury Department data with partner nations. Employees allegedly raised concerns about security holes in SolarWinds's software before the Russian cyberattack. Finance organizations will have 30 days to confess cyber sins under incoming FTC rules. The US government is suing a software company targeted in a massive Russian cyber espionage campaign.
US sues software company targeted in massive Russian cyber espionage campaign https://t.co/eGINRUhSSY https://t.co/M78PQYpvhy
Finance orgs have 30 days to confess cyber sins under incoming FTC rules https://t.co/3hzeqgfqKX
Alliance of 40 Countries To Vow Not To Pay Ransom To Cybercriminals, US Says https://t.co/nzH0Am4vQi
"@FTC to require breach notification from nonbanking financial entities" (via @DailyDashboard) https://t.co/qwvwe2aI2t
Well before Russia’s cyberattack that exploited SolarWinds’s software was made public, several employees allegedly raised red flags about holes in the company’s security https://t.co/QkP5YyJMHS
White House’s plan to stop ransomware: block payments| The international effort involves sharing Treasury Department data with partner nations. https://t.co/qwfEmTAmye by @lalaurenista
New: The Biden administration and dozens of other national governments will pledge this week never to pay ransoms, as they hold the third annual International Counter-Ransomware Initiative meeting. My story about that and other steps being announced today: https://t.co/uYLGwXfawI https://t.co/aryYcMWPV9
Alliance of 40 countries to vow not to pay ransom to cybercriminals, US says https://t.co/yojWXpBzJk https://t.co/IXcm6R5JkG
Fintechs and their accounting snafus https://t.co/kAGmWmIBQ3
CFPB Proposes Financial Data and Open Banking Rule https://t.co/36rSRmOOtn
FTC reports on efforts to combat cross-border fraud and ransomware attacks https://t.co/wQp54jDwNd
FTC to Require More Data Breach Reporting, Security Plan https://t.co/F8JdODooaT