Texas DOB issues warning of cybersecurity threats

The Texas Department of Banking has released a notice regarding cybersecurity threats that are impacting the banking system. Ransomware attacks and geopolitical risks pose serious challenges, particularly from state-sponsored actors in countries such as China, Russia, Iran, and North Korea. These entities continue to be significant threats to financial institutions and the third-party providers that offer services to them.

The notice urges banks to adopt effective cyber hygiene practices to strengthen their defenses against cyber threats. Read the full notice for more information on ongoing cyber threats and cyber hygiene measures.