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To embed, copy and paste the code into your website or blog: Recent ransomware attacks against U.S. critical infrastructure, which includes the energy sector’s production of oil and natural gas, and other sources of electricity and power, have shed a spotlight on the importance of staying updated on sector-specific techniques, tactics and procedures (“TTPs”), and preventative and remediation actions. This Client Alert will: (1) provide a brief background on the nature and risks of ransomware on critical infrastructure; (2) discuss the current ransomware threat landscape; (3) note legal ...

CBDC Paper Released, NY DFS Grants License, Study Cites Crypto Adoption By: The Digital Dollar Project, a partnership created by the Digital Dollar Foundation, released a white paper this week highlighting use cases for a U.S. central bank digital currency (CBDC, or a digital dollar) and proposing several pilot programs for the technology. The pilot programs highlight applications of a digital dollar for various types of consumers, ranging from underbanked consumers to large financial market infrastructure payers. This week, New York’s Department of Financial Services (NY DFS) announced the...

In their 81-page report, "A Comprehensive Framework for Action: Key Recommendations from the Ransomware Task Force," experts share proposed guidance to deter ransomware attacks, disrupt its business model, help organizations prepare, and better respond to the global threat. While other threats, such as business email compromise, also cause tremendous losses for businesses each year, RTF is focusing on ransomware because of its massive impact. "One of the concerns we have is the scope and scale of ransomware," says Megan Stifel, executive director for the Americas at the Global Cyber Alliance ...

iTWire Author's Opinion The views in this column are those of the author and do not necessarily reflect the views of iTWire. Have your say and comment below. Friday, 30 April 2021 07:46 Ransomware Task Force blows hot air aplenty, says little that's new Shares Image by GraphicMama-team from Pixabay An 81-page document issued by a so-called Ransomware Task Force makes no mention of Windows or Microsoft, apart from the fact that one of the co-chairs who drafted this document is from this company. This is the best indicator of exactly what this exercise in verbiage is a...

Security experts have welcomed the proposals of a new ransomware report from big tech and law enforcers, but argued that tackling the menace must begin with improved cyber-hygiene. Convened by the Institute for Security and Technology and trailed since last December, the Ransomware Task Force (RTF) is a team of over 60 experts from software companies, cybersecurity vendors, government agencies, non-profits, and academic institutions. It includes representatives from the FBI, Europol, the UK’s National Crime Agency and many of the world’s biggest tech companies including Amazon, Cisco and ...