SEC’s OCIE Point to Escalated Ransomware Attacks on Financial Institutions, Offer Guidance

guest · Jul 17, 2020

Feds Point to Escalated Ransomware Attacks on Financial Institutions, Offer Guidance Based on Success Stories
July 16, 2020
https://hotforsecurity.bitdefender....-guidance-based-on-success-stories-23741.html

The U.S. Security and Exchange Commission’s (SEC’s) Office of Compliance Inspections and Examinations (OCIE) has issued an alert warning of an escalated number of ransomware attacks on financial institutions.

The office details its findings in a free PDF and offers advice to targeted infrastructures on how to bolster their cybersecurity defenses.

“Recent reports indicate that one or more threat actors have orchestrated phishing and other campaigns designed to penetrate financial institution networks to, among other objectives, access internal resources and deploy ransomware,” the document reads.
“OCIE has also observed an apparent increase in sophistication of ransomware attacks on SEC registrants, which include broker-dealers, investment advisers, and investment companies,” it notes.
Click to expand...

The office dispenses further guidance based on success stories seen at organizations with robust incident response and resiliency policies, procedures and plans.
Other highlights include awareness and training programs, vulnerability scanning and patch management, access management, and perimeter security.
Click to expand...

"Risk Alert - Ransomware" (PDF): https://www.sec.gov/files/Risk%20Alert%20-%20Ransomware.pdf

Recent reports indicate that one or more threat actors have orchestrated phishing and
other campaigns designed to penetrate financial institution networks to, among other objectives, access internal resources and deploy ransomware.

OCIE has also observed an apparent increase in sophistication of ransomware attacks on SEC registrants, which include broker-dealers, investment advisers, and investment companies.
Click to expand...

Log in or Sign up

SEC’s OCIE Point to Escalated Ransomware Attacks on Financial Institutions, Offer Guidance

guest Guest

Log in or Sign up

SEC’s OCIE Point to Escalated Ransomware Attacks on Financial Institutions, Offer Guidance

guest Guest

Useful Searches