Month: September 2018

SEC Charges Firm $1 Million For Deficient Cybersecurity Procedures

The SEC announced on September 26, that a Des Moines-based broker-dealer and investment adviser has agreed to pay $1 million to settle charges related to its failures in cybersecurity policies and procedures surrounding a cyber intrusion that compromised personal information of thousands of customers. Voya Financial Advisors Inc. (VFA) is charged with violating the Safeguards Rule…

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Why Cybersecurity is a Business Problem

The economic impact of cyber attacks is greater than it ever was. Your data is valuable incentive for hackers to exploit whatever weaknesses they can find and use that data for all kinds of nefarious gain.  Thanks to the dark web, the information businesses collect, process, and exchange can be monetized more easily than ever…

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How the British Airways Hack Affects Your Business

The British Airways breach, in which up to 380,000 website and mobile users’ payment card details were stolen, could have been prevented, according to researchers from the threat detection firm RiskIQ, who have shed new light on how the attackers pulled off the heist. It took hackers just 22 lines of code to get a hold…

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Homeland Security Declares September National Cybersecurity Preparedness Month

September is National Emergency Preparedness Month, which Homeland Security promotes as “a good opportunity to assess your emergency preparedness.” While general preparedness is essential to getting through an emergency related to a natural disaster, the same is true of preparing for a cyber-related event, such as data theft, phishing or a ransomware attack. What does…

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The SEC’s Most Recent Cybersecurity Guidance

Many businesses have made great progress with their cybersecurity programs, however, social engineering attacks, such as phishing, remain the most common method of attack, accounting for 90% or more of targeted external attacks. Ransomware, other forms of malware (including malware that targets mobile and IoT devices), and other forms of remote exploitation, continue to increase…

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