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Puerto Rico commits $7.6M to boost cybersecurity

Puerto Rico commits $7.6M to boost cybersecurity efforts after string of embarrassing attacks. Government-sponsored Industrial Development Company transferred $2.6 million earmarked for pension payments into a foreign bank account after receiving a phishing email. Puerto Rican firefighting department in October 2020 acknowledged a ransomware attack demanding $600,000. Earlier this year, the Puerto Rican Senate suspended…

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FirstBank in Puerto Rico suffers a security compromise.

BN Americas posted an article on October 27, 2020, about FirstBank in Puerto Rico being targeted in a cyberattack. Below are some key highlights: The bank said in a statement Monday that its parent company had “detected an alert in its technological infrastructure that indicated a cybersecurity incident affecting certain customer service channels,” starting 72 hours earlier. …

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