Posts in Category: Cyber

Blog Post List

Prevent the ransomware epidemic from infecting your organization 

by Heather Wyson-Constantine, Vice President of Payments and Cybersecurity, American Bankers Association

By now, you’ve mostly likely heard the news: ransomware is here and it’s a problem. The impact can be devastating. Imagine not being able to access your email, customer information or vital records for days or even weeks. Victims not only face monetary losses associated with the ransom and loss of business during the downtime, but also the additional forensics costs, the loss of employee productivity and, most importantly, customer trust.

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Webinar video: The Ins & Outs of Cyber Insurance 

Original broadcast: March 31, 2016

Now available for viewing. Original broadcast: March 31, 2016. Moderated by American Bankers Association's Doug Johnson. Pete Hilbert and Mike Read of ABA Insurance Services provide insight into identifying cybersecurity exposures, what’s current in the cyber insurance industry and discuss the details behind most cyber insurance policies for financial institutions.

 

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BakerHostetler selected to provide security incident response and preparedness services as part of cyber insurance program for banks 

Cyber Coverage Offered As Banking Industry Is Subjected to Greater Scrutiny

ABA Insurance Services has selected BakerHostetler's award winning Privacy and Data Protection team to be the premier legal services provider as part of our new Cyber Insurance program for banks.

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FBI issues bulletins on Dyre and Carbanak malware 

The FBI released several updates and bulletins to the banking industry regarding two different malware: Dyre and Carbanak/Anunak. The Dyre malware is being used with social engineering in order to get around two-factor authentication typically required by banks for large wire transfers.

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