Federal Reserve Archives

2020 News in Review

Week Ending December 28 ICO Warns SolarWinds Victims to Report Breaches The United Kingdom’s Information Commissioner’s Office (ICO) has issued a warning to organizations compromised by the SolarWinds breach. The breach, which was carried out by Russian hackers, affected more than 18000 organizations worldwide. ICO requires UK data controllers subject to NIS regulations to report…

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U.S. Federal Reserve Breaks Ground with Proposed Cybersecurity Standards

June 25, 2019
Amy Willcox
Compliance, Federal Reserve, US Regulatory

It is no secret that malicious cyberattacks are increasing dramatically. Morphisec Technologies, a global cybersecurity firm, released its 2019 Consumer Financial Cybersecurity Threat Index in June 2019. The report states that financial institutions, globally, are targeted 300 times more often than other business sectors. That breaks down to about 2,000 attacks a day. Verizon’s 2019…

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