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New York Announces Proposed Cybersecurity Regulation to Protect Consumers and Financial Institutions

Hunton Privacy

The proposed regulation requires regulated financial institutions to take various actions, including: adopting a written cybersecurity policy; establishing a cybersecurity program; designating a Chief Information Security Officer to oversee and enforce its new program and policy; and.

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New York Proposes First-in-the-Nation Cybersecurity Regulation for Financial Institutions

Privacy and Cybersecurity Law

On September 13, 2016, the New York Department of Financial Services introduced a new rule that would require banks, insurance […].

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NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’

The Last Watchdog

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Risk 147
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Managing the regulatory risks of cybersecurity: An evolving regulatory landscape

CGI

Managing the regulatory risks of cybersecurity: An evolving regulatory landscape. Fri, 05/27/2016 - 00:37. Financial institutions in the U.S. are well aware of the business risks related to cybersecurity but there are an increasing number of related regulatory risks that also need to be addressed. Impacted areas.

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Q&A: Why SOAR startup Syncurity is bringing a ‘case-management’ approach to threat detection

The Last Watchdog

SOAR, if you haven’t heard, is a hot new technology stack that takes well-understood data mining and business intelligence analytics methodologies — techniques that are deeply utilized in financial services, retailing and other business verticals – and applies them to cybersecurity. Demisto launched in May 2016.

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FTC Seeks Comment on Proposed Changes to its GLBA Safeguards and Privacy Rules

Data Matters

The Safeguards Rule specifies that financial institutions subject to the FTC’s jurisdiction must develop, implement, and maintain a comprehensive information security program for handling customer data. The proposed amendments would exempt from many obligations institutions that maintain personal information from fewer than 5,000 customers.)

Privacy 68
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MY TAKE: Coping with security risks, compliance issues spun up by ‘digital transformation’

The Last Watchdog

A certain number of them get discussed in cybersecurity circles. Consider that it was a misconfigured open-source Web Application Firewall , running on Amazon Web Services, that gave a former Amazon IT staffer a path to crack into this financial services giant. it’s almost a perfect storm.