financial sector Archives

U.S. Treasury Secretary Scott Bessent announces a new set of sanctions against Iran, describing them as “an economic D-Day,” in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Bessent threatened Iran in an opinion piece in the Financial Times on Sunday with “the single greatest financial offensive ever”, almost six months after the United States and Israel launched a war against Iran in February. (Photo by Chip Somodevilla/Getty Images)

Treasury sanctions alleged Iranian hackers as part of ‘economic D-Day’

It’s a follow-up to an indictment the Justice Department unsealed last week against people affiliated with the Mabna Institute.

Aug 24, 2026 By Tim Starks

The GAO found 80 out of 117 rules that “either contain the same kind of reporting requirement applicable to a sector or the same reporting requirement as at least one other regulation.” (Getty Images)

Most federal cybersecurity reporting rules are duplicative, study finds

The Government Accountability Office looked at 117 rules across 37 agencies and found 70% had reporting requirements that were overlapping.

Jul 22, 2026 By Tim Starks

Two new extortion crews are speedrunning the Scattered Spider playbook

CrowdStrike says The Com-affiliated threat groups are using voice phishing and fake SSO pages to break into SaaS environments and steal data fast for extortion.

Apr 30, 2026 By Matt Kapko

U.S. Rep. August Pfluger, R-Tex., speaks during a news conference in front of the U.S. Capitol on March 21, 2024. (Photo by Alex Wong/Getty Images)

Legislation would designate ‘critical cyber threat actors,’ direct sanctions against them

The bill is a bid at further deterring cyberattacks, a sentiment with growing focus on the Hill and in the Trump administration.

Dec 2, 2025 By Tim Starks

People watch a television news programme showing file footage of North Korea’s missile test, at a railway station in Seoul on Jan. 1, 2020. (Photo by JUNG YEON-JE/AFP via Getty Images)

North Korean companies, people sanctioned for money laundering from cybercrime, IT worker schemes

The Treasury Department on Tuesday sanctioned eight people and two companies it accused of laundering money obtained from cybercrime and IT worker schemes to fund North Korean…

Nov 4, 2025 By Tim Starks

The Securities and Exchange Commission headquarters is seen on April 25, 2025 in Washington, D.C. (Photo by Anna Moneymaker/Getty Images)

SEC withdraws cyber rules for investment companies, advisers

The move last week came amid the pullback of other SEC regulations.

Jun 16, 2025 By Tim Starks

Rep. Zach Nunn, R-Iowa, talks to reporters as House Republicans meet at the U.S. Capitol on Oct. 12, 2023 in Washington, D.C. (Photo by Chip Somodevilla/Getty Images)

House bill aims to better protect financial institutions from ransomware attacks

The bipartisan legislation would direct the Treasury secretary to deliver a report on public-private coordination to combat attacks on the financial sector.

Jan 30, 2025 By Matt Bracken

An Egyptian Fisherman holds a fishing net on the waters of the Pharaonic Sea in the village of Kafr Fisha, province of Monufia, in 2019. (MOHAMED EL-SHAHED/AFP via Getty Images)

Microsoft seizes websites tied to Egypt-based DIY phishing kit-maker

The kits, which the company said were a sophisticated approach to bypassing multifactor authentication, pose a particular threat to the financial services sector.

Nov 21, 2024 By Tim Starks

The sun flares over the headquarters of the U.S. Treasury on Jan. 3, 2024, in Washington, D.C. (Photo by J. David Ake/Getty Images)

Treasury official: Small financial institutions have ‘growth to do’ in using AI against threats

AI-specific fraud and cyber risks in the financial sector are especially pronounced for small banks, the agency’s chief AI officer said.

Apr 19, 2024 By Matt Bracken