New York Increases Cybersecurity Rules for Financial Companies

Another example of a large and influential state doing things the federal government won’t:

Boards of directors, or other senior committees, are charged with overseeing cybersecurity risk management, and must retain an appropriate level of expertise to understand cyber issues, the rules say. Directors must sign off on cybersecurity programs, and ensure that any security program has “sufficient resources” to function.

In a new addition, companies now face significant requirements related to ransom payments. Regulated firms must now report any payment made to hackers within 24 hours of that payment…

November 3, 2023
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Aerospace Giant Boeing Confirms Cyber Compromise, LockBit Claims Responsibility

Boeing, the American multinational corporation most known for the manufacturing of aircrafts, rockets, satellites, and missiles, has confirmed a cyber breach on their systems. Last week, the infamous and prolific ransomware gang, LockBit, announced that “a tremendous amount of sensitive data was exfiltrated” from Boeing’s systems and was ready to be published if the company […]

The post Aerospace Giant Boeing Confirms Cyber Compromise, LockBit Claims Responsibility first appeared on IT Security Guru.

The post Aerospace Giant Boeing Confirms Cyber Compromise, LockBit Claims Responsibility appeared first on IT Security Guru.

November 3, 2023
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