Ransom note for Ryuk ransomware, which was previously distributed by Emotet (Source: McAfee)
The latest edition of the ISMG Security Report features cybercrime deterrence lessons learned from the disruption of the Emotet botnet operation. In this report, you ll hear (click on player beneath image to listen):
ISMG’s Mathew Schwartz offers insights on the recent law enforcement disruption of the Emotet botnet operation; ISMG’s Jeremy Kirk discusses the latest developments in cyberattacks tied to exploits of unpatched Microsoft Exchange flaws;
Pandemic expert Regina Phelps discusses the need to update and amend business continuity plans in the age of “work from anywhere.”
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The U.S. Securities and Exchange Commission (“SEC”) released its 2021 Examination Priorities on March 3. The Examinations group – elevated last December to Division status (formerly the Office of Compliance Investigations and Examinations (“OCIE”)) covered the list of perennial concerns. The 2021 priorities include some new subjects, however, reflecting the policy emphasis of the Biden administration.
“This year, the Division is enhancing its focus on climate and ESG-related risks by examining proxy voting policies and practices to ensure voting aligns with investors’ best interests and expectations, as well as firms’ business continuity plans in light of intensifying physical risks associated with climate change,” said Acting Chair Allison Herren Lee. “Through these and other efforts, we are integrating climate and ESG considerations into the agency’s broader regulatory framework.”
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ST. PAUL, Minn., March 1, 2021 /PRNewswire/ Today, St. Paul-based AgriBank announced financial results for the fourth quarter and full year of 2020, with strong profitability, credit quality, and liquidity and capital.
Highlights:
Profitability: Net income increased $81.6 million, or 13.0 percent, to $709.2 million for the year ended December 31, 2020, compared to $627.6 million for the prior year.
Credit quality: Total loan portfolio credit quality was strong, with 99.3 percent of loans classified as acceptable compared to 97.9 percent at December 31, 2019.
Liquidity and capital: End-of-the-quarter liquidity was 167 days, well above the regulatory requirement. Capital also remained well above the regulatory minimums and company targets.
Thursday, February 18, 2021
On Feb. 1, 2021, the Financial Regulatory Authority (FINRA) released its 2021 Report on FINRA’s Examination and Risk Monitoring Program (Report), in which it identifies its areas of examination focus for FINRA member firms (Firms) in 2021. The Report replaces the prior format for examination focus, the Risk Monitoring and Examination Program Priorities Letter. In the introduction to the Report, FINRA acknowledges the ongoing COVID-19 pandemic, its regulatory notice in response, and the challenges Firms have faced in response. The report stresses, however, that while FINRA has been in contact with firms throughout the pandemic, it is not ready to address any specific COVID-19-related issues and that such issues will be covered in a future publication.