Title:Ransomware: Prevention and Response to an Attack
Summary:The GIOC has recently observed an increase in notifications concerning ransomware events. Ransomware is a type of malicious software cyber actors use to deny access to systems or data. In these events, a malicious cyber actor holds systems or data hostage until a ransom is paid. If ransom demands aren’t met, the system or encrypted data remains unavailable or data may be erased.
PublishDate:6/3/2019 12:00:00 AM
Title:Federal Reserve Requests Comment on Potential Modifications to Operating Hours
Summary:The Federal Reserve Board requests comment on potential modifications to the Federal Reserve Banks' National Settlement Service (NSS) and Fedwire® Funds Service to support enhancements to the same-day ACH service and on corresponding changes to the Federal Reserve Policy on Payment System Risk related to a new posting time for transactions and an increased daylight overdraft fee.
PublishDate:6/3/2019 12:00:00 AM
Title:Spring 2019 Progress Report to Improve the U.S. Payment System Highlights
Summary:The Federal Reserve continues to generate momentum toward the desired outcomes outlined in the Strategies for Improving the U.S. Payment System paper released in 2015. The Spring 2019 Progress Report released in April provides an update on the latest efforts toward the desired outcomes and presents next steps that will contribute to making payments faster, more secure and more efficient.
PublishDate:5/1/2019 12:00:00 AM
Title:FBI WARNS OF SCAM TO INVESTORS THROUGH FICTITIOUS LETTERS OF CREDIT
Summary:In March 2019, the Federal Bureau of Investigation (FBI) reported that scammers acquired lines of credit to buy large amounts of equipment by using email to impersonate an employee at a large university. These cybercriminals defrauded two defense contractors and the university for more than $150,000, all by pretending to be someone else.
PublishDate:4/30/2019 12:00:00 AM