Civil Law

Are you surprised to learn that the DOD has had more than 12,000 cyber attacks since 2015

BankInfoSecurity.com reported that in a US Senate hearing that “The Government Accountability Office in November reported the DOD had experienced more than 12,000 cyber incidents since 2015, although the annual rate of detected attacks has been declining.” The March 29, 2023 report entitled “Pentagon Doubles Down on Zero Trust” (https://tinyurl.com/yhne56xc) also included these comments from Department of Defense CIO John B. Sherman in testimony before the Senate Armed Forces Committee’s Cybersecurity Subcommittee:

We’ve committed to implementing zero trust across the … Read the rest

Civil Law

Federal Financial Regulators Tighten Timelines for Reporting Ransomware Attacks

As anticipated, the Office of the Comptroller of the Currency, the Federal Reserve Board, and the FDIC recently approved and released the Final Rule Requiring Computer-Security Incident Notification (“Final Rule”).  The Final Rule is designed to promote early awareness and stop computer security incidents before they become systemic.  It places new reporting requirements on both U.S. banking organizations, as well as bank service providers.  We have blogged repeatedly on the pernicious issue of ransomware.

The Final Rule applies to “banking organizations”

… Read the rest