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Iranians Hackers Targeted Control of New York Dam

The seven Iranian hackers that were indicted for conducting distributed denial of service attacks on banks also were charged with illegally accessing the supervisory control and data acquisition, or “SCADA,” system at a dam in New York State. This is reportedly the first time a breach in a U.S. computer system that controls critical infrastructure has been linked by the FBI to a hacker...

FINRA Warns Broker-dealers About Increase in Denial-of-service Attacks

FINRA warned broker-dealers last week that several FINRA members have recently been the victims of distributed denial of service (DDoS) attacks from a criminal group known as DD4BC. (In general terms, a DDoS attack bombards a target website with messages in an effort to make the site unavailable to legitimate users.) According to FINRA, DD4BC first sends its target a ransom request for...

Sutherland Partner Addresses Cybersecurity Concerns in TheStreet

Sutherland Partner Mary Jane Wilson-Bilik was recently quoted in TheStreet article “What Banks and the IRS Should Do to Prevent a Cyber 9/11” authored by  Marguerite Arnold. In this article, Mary Jane addresses cybersecurity threats and the potential impact a large-scale cyberattack may have on critical...

FBI Makes Broker-dealers an Offer They Can’t Refuse: Talk to Us About Cybersecurity

Speaking last week at FINRA’s annual conference in Washington, D.C., Donald Good, Assistant Director of the FBI’s Cyber Division, discussed steps the FBI is taking to help members of the securities industry deal with cyber-threats, as well as steps the FBI hopes firms will take in response.  For example, as the Department of Justice recently suggested, Good urged members of...

Managing a Cyberattack: An Interactive Simulation at the ACC Advanced Compliance Education Summit

It is 3:00 in the morning and your children are safe in bed, but the phone is ringing at the FBI! Sutherland’s Mark Thibodeaux; Cyndi Baily, Chief Compliance Officer at Alere Toxicology; Sarah Sandstorm, Contracts Counsel at KBM Group; and Special Agent Corey Harris from the FBI presented an interactive simulation of a cyber-attack at the ACC’s Advanced Compliance Education Summit...

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