article thumbnail

Financial Services Data – More at risk than you’d believe

Thales Cloud Protection & Licensing

One of the top findings from the 2018 Thales Data Threat Report, Financial Services Edition was that data breaches in U.S. financial services organizations are increasing at an alarming rate. Not only are breaches at record highs – with 65% of U.S. Thales has answers for you.

article thumbnail

Historic Charges: First Enforcement Action Filed by New York Department of Financial Services Under Cybersecurity Regulation

Data Matters

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Payment Processing Giant TSYS: Ransomware Incident “Immaterial” to Company

Krebs on Security

TSYS provides payment processing services, merchant services and other payment solutions, including prepaid debit cards and payroll cards. In 2019, TSYS was acquired by financial services firm Global Payments Inc. Conti claims prepaid card data was compromised, but TSYS says this is not the case. NYSE:GPN ].

article thumbnail

Global: Data Privacy Snapshot 2018

DLA Piper Privacy Matters

Data protection is rising on the agenda globally: the past year has seen China introduce the PRC Cybersecurity Law, the introduction of Australia’s mandatory Privacy Amendment (Notifiable Data Breaches) Act 2017, while the EU’s long awaited General Data Protection Regulation is due to come in to force in May 2018.

article thumbnail

NY Charges First American Financial for Massive Data Leak

Krebs on Security

According to a filing (PDF) by the New York State Department of Financial Services (DFS), the weakness that exposed the documents was first introduced during an application software update in May 2014 and went undetected for years.

Insurance 307
article thumbnail

Air Canada data breach – 20,000 users of its mobile app affected

Security Affairs

Air Canada data breach – The incident was confirmed by the company and may have affected 20,000 customers (1%) of its 1.7 The data breach of the day is the one suffered by Air Canada that may have affected 20,000 customers (1%) of its 1.7 22-24, 2018. 22-24, 2018. million mobile app users.

article thumbnail

Privacy and Cybersecurity Top 10 for 2018

Data Matters

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. We expect each of these trends to continue in 2018. Data breach litigation risks.