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Source: EY

Amid unprecedented levels of volatility and global uncertainty, cybersecurity has remained at the top of the list of near-term risks for banks around the world for the second consecutive year, according to the latest EY and Institute of International Finance (IIF) bank risk management survey.

A major Maine healthcare provider experienced a cyberattack targeting its computer servers over the weekend, prompting the company to temporarily shut down all patient records access.

Clorox, an American manufacturer of consumer and professional cleaning products, has confirmed that a cyberattack in September 2023 has resulted in expenses totaling $49 million related to incident response efforts.

The Attorney General of New York has filed a lawsuit against Citibank, alleging negligence in safeguarding customers against fraudulent activities and scams.

The Swedish central bank, Riksbank, has taken legal action by filing a police report following a ransomware assault on Tietoevry, a software company.

A recent report from German regulator BaFin underscores cybersecurity and the outsourcing of IT services as major threats to the financial sector.

Source: NCSC

Artificial intelligence (AI) is expected to increase the global ransomware threat over the next two years cyber chiefs have warned in a new report published today (Wednesday).

The European Central Bank (ECB) has issued a warning regarding the significant transition risks faced by banks that are unprepared for the shift towards a low-carbon economy.

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