Data Matters

MAY 8, 2023

The new EU Regulation on Digital Operational Resilience for the Financial Sector ( DORA ) recently entered into force. DORA establishes cybersecurity requirements for information and communication technology ( ICT ) systems supporting the business processes of financial entities and represents a paradigm shift for the ICT sector.

Financial Services 97

Financial Services Communications Cybersecurity Privacy 97

IBM Big Data Hub

MAY 23, 2023

The review report demonstrates to its clients, partners and other interested parties that IBM Cloud services have implemented and adhere to the technical, administrative and physical control requirements of IBM Cloud Framework for Financial Services. What is the IBM Cloud Framework for Financial Services?

Financial Services 68

Financial Services Cloud Compliance Risk 68

The Last Watchdog

FEBRUARY 11, 2024

Related: The case for augmented reality training Because of this, cybersecurity investments and regulatory oversight are increasing at an astounding rate , especially for those in the financial services industry, bringing an overwhelming feeling to chief compliance officers without dedicated security teams. The list goes on.

Risk 234

Risk IT Financial Services Cybersecurity 234

Data Matters

AUGUST 19, 2020

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

Financial Services 68

Financial Services Cybersecurity Insurance Risk 68

Data Protection Report

NOVEMBER 2, 2023

On November 1, 2023, the New York Department of Financial Services (NYDFS) finalized the second amendment to its cybersecurity regulations, which are available here. The rules contain the provisions we had described in the original NYDFS proposal a year ago (see our blog post here ), but include some changes.

Cybersecurity 105

Cybersecurity Compliance Financial Services Government 105

Hunton Privacy

FEBRUARY 22, 2024

Securities and Exchange Commission’s (“SEC’s”) Form 8-K cybersecurity reporting rules under new Item 1.05, this blog post provides a high-level summary of the filings made to date. It is interesting, but perhaps coincidental, that the filings seem limited to two broad industry groups: technology and financial services.

Cybersecurity 80

Cybersecurity Financial Services Marketing IT 80

Hunton Privacy

NOVEMBER 8, 2023

On November 1, 2023, New York Governor Hochul announced that the New York State Department of Financial Services (“NYDFS”) amended its Cybersecurity Regulation applicable to covered financial institutions. Our previous blog post covered key proposed changes to the Cyber Regulation.

Cybersecurity 72

Cybersecurity IT Compliance Financial Services 72

CGI

APRIL 17, 2020

Embracing new ways of working in financial services. In times of crisis, the preservation of key functions and services is critical, regardless of industry. Financial services is no exception, as payments, lending, and trade are the lifeblood of the global economy, even in challenging times. lynsey.lawson@….

Financial Services 89

Financial Services Artificial Intelligence Computer and Electronics Cybersecurity 89

Data Protection Report

MARCH 1, 2021

On March 3, 2021, the New York Department of Financial Services (NYDFS) announced a Consent Order with a NYDFS-licensed Maine-based mortgage banker and loan servicer settling alleged violations of the NYDFS cybersecurity regulations. ( In the matter of Residential Mortgage Services, Inc., March 3, 2021).

Cybersecurity 98

Cybersecurity Financial Services Risk IT 98

Data Matters

FEBRUARY 10, 2021

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. Lacewell stated that cybersecurity is the biggest risk for government and private organizations and described how the Framework is based on “extensive dialogue with industry and experts.”. Obtain Cybersecurity Expertise.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

Data Matters

JANUARY 28, 2022

Other government agencies, like the New York Department of Financial Services and the Federal Trade Commission, are also increasingly focused on the need for broad implementation of MFA. Like an incident response plan, MFA has become a critical element of cybersecurity programs. The post U.S.

Cybersecurity 157

Cybersecurity Financial Services Authentication Government 157

Data Matters

MAY 4, 2022

. – Sidley announced today that David Lashway and John Woods have joined as partners in the firm’s Privacy and Cybersecurity practice in Washington, D.C. Mr. Lashway and Mr. Woods join Sidley from Baker McKenzie where they started and led the global cybersecurity practice group for over 10 years. political parties.

Cybersecurity 167

Cybersecurity Marketing Security Privacy 167

Data Matters

JUNE 29, 2022

–Sidley announced today that Jennifer Seale and Jonathan Wilan have joined as partners in the firm’s Privacy and Cybersecurity practice in Washington, D.C. Seale and Mr. Wilan join Sidley from Baker McKenzie where they played key roles in the Global Cybersecurity practice.

Cybersecurity 88

Cybersecurity Data breaches Privacy Compliance 88

Data Matters

DECEMBER 6, 2022

On November 9, 2022, the New York Department of Financial Services (DFS) published its proposed second amendment to its cybersecurity regulations (23 NY CRR Part 500). This proposal follows a July 29 pre-proposal and comment period.

Cybersecurity 88

Cybersecurity Financial Services Privacy IT 88

The Last Watchdog

SEPTEMBER 21, 2022

This explains the rise and popularity of Zero Trust as a framework for securing networks in these new realities as an effective tool to drive cybersecurity initiatives within the entire enterprise. Looking to the future, the adoption of cybersecurity initiatives will remain high and continue to grow. Strategy reassessment needed.

Cybersecurity 214

Cybersecurity Digital transformation Cloud Financial Services 214

IBM Big Data Hub

MARCH 20, 2024

For highly regulated industries, these challenges take on an entirely new level of expectation as they navigate evolving regulatory landscape and manage requirements for privacy, resiliency, cybersecurity, data sovereignty and more. Read to learn more about cloud adoption within financial services?

Cloud 79

Cloud Financial Services Risk Business Services 79

Data Matters

JULY 17, 2020

Regulators and policymakers on both sides of the Atlantic are imposing increasingly prescriptive cybersecurity regulatory frameworks and closer scrutiny upon companies, while new and escalating cybersecurity threats challenge standard safeguards. Partner, Privacy and Cybersecurity Practice, Washington, D.C. BST | 11:00 a.m.

Cybersecurity 68

Cybersecurity Financial Services GDPR Privacy 68

Data Matters

MARCH 28, 2022

pay careful attention to cybersecurity alerts describing newly discovered vulnerabilities, including those from the Cybersecurity and Infrastructure Security Agency (CISA) and the HHS Health Sector Cybersecurity Coordination Center (HC3). See 45 CFR 164.312(a)(1): Standard: Access Control.

Cybersecurity 88

Cybersecurity Privacy Insurance Risk 88

IBM Big Data Hub

JUNE 12, 2023

While central banks have a very different mission from commercial banks, what they do have in common is the need to modernize their IT operations to support digital transformation, contain costs, source key skills and mitigate operational and cybersecurity risks. The future for financial services is bright.

Cloud 93

Cloud Financial Services Digital transformation Risk 93

IBM Big Data Hub

AUGUST 10, 2023

By prioritizing resiliency, performance, security and compliance, fintechs are helping to revolutionize the way financial services are delivered. Learn more about IBM Cloud The post Fintechs turn to AI and cloud as steadfast forces for innovation appeared first on IBM Blog.

Cloud 68

Cloud Financial Services Artificial Intelligence Digital transformation 68

IBM Big Data Hub

NOVEMBER 7, 2023

Securing sensitive data in an evolving landscape Advancements like those in AI and quantum computing can pose new challenges to customers, especially those in highly regulated industries such as financial services, healthcare, telecommunications and more.

Cloud 85

Cloud Financial Services Security Compliance 85

Data Matters

JUNE 24, 2021

On June 15, 2021, the SEC announced settled charges against First American Title Insurance Company (First American) for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information. This resolution highlights the SEC’s continued focus on cybersecurity.

Cybersecurity 68

Cybersecurity Financial Services Risk Compliance 68

Thales Cloud Protection & Licensing

NOVEMBER 27, 2018

The cybersecurity regulation ( 23 NYCRR 500 ) adopted by the New York State Department of Financial Services (NYDFS) is nearly two years old. Even though these regulations only apply to New York, financial institutions across the U.S. The 2017 bill, the first of its kind, will be fully implemented as of March 1st, 2019.

Cybersecurity 71

Cybersecurity Financial Services Encryption Data Privacy 71

Data Matters

APRIL 20, 2021

There just may be a new cybersecurity regulator in town. Department of Labor (DOL) published its first cybersecurity guidance last week ( Cybersecurity Guidance ). The Cybersecurity Guidance is set forth in three parts: Tips for Hiring a Service Provider , directed toward plan sponsors and fiduciaries.

Cybersecurity 68

Cybersecurity Insurance Risk Compliance 68

Thales Cloud Protection & Licensing

APRIL 29, 2024

Comprehensive cybersecurity legislation is imperative to build and maintain confidence in the future and ensure a secure digital landscape. This blog will briefly overview the most essential developments shaping the legislative and compliance environment. NIS2 covers a broader range of critical societal and economic sectors.

Compliance 71

Compliance Cybersecurity Risk Manufacturing 71

Data Matters

JANUARY 19, 2023

On 17 January 2023, the new Network and Information Systems Security Directive (“ NIS2 Directive ”), which is aimed at establishing a minimum level of cybersecurity standards across the EU and is set to replace its predecessor (the NIS or “ NIS1 Directive ” ), entered into force.

Financial Services 88

Financial Services Cybersecurity Ransomware Marketing 88

Data Matters

MAY 14, 2019

William Long, partner and global co-leader of at Sidley’s Privacy and Cybersecurity practice, and has been working on global data privacy and information security matters for a number of years. Read the Full Interview.

Financial Services 68

Financial Services GDPR Big data Data Privacy 68

Security Affairs

APRIL 16, 2023

The recent campaign exclusively aims at organizations that deal with tax preparation, financial services, CPA and accounting firms, and professional service firms dealing in bookkeeping and tax. Crooks use lures masquerading as tax documentation sent by a client. LNK) files.

Phishing 94

Phishing Financial Services Education Cybersecurity 94

IT Governance

OCTOBER 13, 2023

October is both Cybersecurity Awareness Month in the US and European Cyber Security Month in the EU – twin campaigns on either side of the Atlantic that aim to improve awareness of the importance of cyber security both at work and at home, and provide tips on how to stay secure.

Phishing 105

Phishing Financial Services Manufacturing Personal data 105

IBM Big Data Hub

DECEMBER 14, 2023

A cybersecurity strategy is not solely about managing risk across a business’ IT infrastructure.   When done correctly, cybersecurity can be a strategic initiative that supports product capability, organizational effectiveness and customer relationships.

Cloud 90

Cloud Security Data breaches Cybersecurity 90

Data Protection Report

JANUARY 7, 2019

The two-year transitional period under the New York State Department of Financial Services (“DFS””) Cybersecurity Regulation , 23 NYCRR 500 (the “Regulation”), will expire on March 1, 2019, with the final remaining requirement becoming effective. Periodic risk-based assessments of third parties. Upcoming certifications.

Cybersecurity 40

Cybersecurity Compliance Financial Services Risk 40

IBM Big Data Hub

DECEMBER 18, 2023

For organizations of all types—and especially those in highly regulated industries such as financial services, government, healthcare and telco—considerations including the rise of generative AI, evolving regulations and data sovereignty laws and ongoing security challenges must be top of mind.

Cloud 69

Cloud Financial Services Compliance Digital transformation 69

IBM Big Data Hub

FEBRUARY 22, 2024

IBM’s Enterprise Cloud for Regulated Industries Building on our expertise working with enterprise clients in industries such as financial services, government, healthcare and telco, we saw the need for a cloud platform designed with the unique needs of these heavily regulated industries in mind.

Cloud 79

Cloud Computer and Electronics Compliance Financial Services 79

Data Matters

JANUARY 2, 2018

This past year was marked by ever more significant data breaches, growing cybersecurity regulatory requirements at the state and federal levels and continued challenges in harmonizing international privacy and cybersecurity regulations. A Pivot Toward Asia for Privacy and Cybersecurity Laws. After years of EU-U.S.

Cybersecurity 68

Cybersecurity Privacy Data breaches GDPR 68

Data Matters

AUGUST 5, 2019

Furthermore, although entities that already comply with the breach notification requirements under certain state or federal laws (such as the Health Insurance Portability and Accountability Act (HIPAA), the New York Department of Financial Services cybersecurity regulations (23 N.Y.C.R.R.

Cybersecurity 68

Cybersecurity Data breaches Privacy Risk 68

Security Affairs

APRIL 6, 2023

Financial services are the main target for cybercriminals, so the threat for the organizations and their customers is severe. The leak also affected Bloom Money and Admiral Money – two financial companies based in the UK, and Reed, which is the UK’s top recruitment agency. env) belonging to idkit.com, owned by OCR Labs.

IT 91

IT Financial Services Access Risk 91

IBM Big Data Hub

JULY 12, 2023

For years, the bank has been part of IBM’s growing ecosystem of financial institutions and technology partners leveraging IBM Cloud for Financial Services to help deliver more improved customer services and products better tailored to each individual customer’s financial needs.

Digital transformation 51

Digital transformation Financial Services Cloud Customer Experience 51