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Latitude Data breach is worse than initially estimated. 14 million individuals impacted

Security Affairs

Australian loan giant Latitude Financial Services (Latitude) revealed that a data breach its has suffered impacted 14 million customers. The data breach suffered by Latitude Financial Services (Latitude) is much more serious than initially estimated. The statement also reported that approximately 6.1

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Protection of Privilege in the Aftermath of a Data Breach

Data Matters

United Shore Financial Services, LLC , the plaintiff filed a putative class action against United Shore Financial Services (United Shore) and Xerox Mortgage Services, Inc. XMS) over alleged intrusions into XMS’s systems on which United Shore had stored potential borrowers’ personal information.

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New York Enacts Stricter Data Cybersecurity Laws

Data Matters

The law broadens the definition of “private information” which sets forth the information elements that, if breached, could trigger a notification obligation. Moreover, unlike the contemplated New York Privacy Act, the SHIELD Act does not provide a private right of action.

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FFIEC Guidance on Authentication and Access to Financial Institution Services and Systems

Data Matters

The Guidance is not intended to serve as a comprehensive framework but rather provides financial institutions with examples of effective risk management practices without endorsing any specific information security framework or standard. The 2005 guidance replaced a 2001 version of the same document.