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The U.S. and U.K. governments said they have successfully disrupted LockBit, one of the world’s most active ransomware groups.
Details: The Justice Department said it and international law enforcement partners seized control of servers used by LockBit administrators, disrupting its ability to attack and encrypt networks and extort victims. The Treasury Department’s Office of Foreign Assets Control separately sanctioned two individuals affiliated with the Russia-based group.
Resources: Community bank security resources are available on ICBA's Cyber and Data Security resource center.
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The Consumer Financial Protection Bureau issued a procedural rule updating the process by which financial institutions can appeal supervisory findings.
ImageFeb 21, 2024
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Federal Reserve Vice Chair for Supervision Michael Barr said Friday that bank supervisors are increasing scrutiny for larger banks in the wake of Silicon Valley Bank’s failure due in part to large unrealized losses.
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