Governance, Risk and Compliance

Treasury's payment system "simply cannot fail, and any politically-motivated meddling in them risks severe damage to our country and the economy," said Wyden in a letter to Treasury Secretary Scott Bessent, which also noted the cybersecurity risks and conflict of interest stemming from Musk's business interests in China.

Escalating ransomware attacks against the financial sector have prompted House Financial Services Committee members Zach Nunn, R-Iowa, and Josh Gottheimer, D-N.J., to introduce new legislation that seeks to bolster public and private sector coordination in combating such intrusions, CyberScoop reports.

More than 17 million individuals across the U.S. were disclosed by the Department of Justice to have had their stolen data exposed on the Cracked and Nulled cybercrime forums, which have been taken down as part of the international law enforcement effort Operation Talent, TechCrunch reports.

Advanced Pakistani cybercrime network HeartSender, also known as Saim Raza, had its operations disrupted by the U.S. Department of Justice and Dutch National Police following the sequestration of its domains and servers as part of "Operation Heart Blocker," reports CyberScoop.

In a letter sent to Congressional leaders, the organizations argued that a national privacy standard would benefit businesses by reducing regulatory complexity and promoting competition, which could lower costs and increase consumer access.

The UK’s cybersecurity regulator has pitched a plan that would see the elimination of vulnerability ratings.

The last five weeks have seen a flurry of news on Artificial Intelligence, especially this last week. It started on December 17, 2024 when the Bipartisan House Task Force on Artificial Intelligence (AI) released a report on “[g]uiding principles, forward-looking recommendations, and policy proposals to ensure America continues to lead the world in...