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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.

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Security Compliance & Data Privacy Regulations

eSecurity Planet

Regulatory compliance and data privacy issues have long been an IT security nightmare. And since the EU’s General Data Protection Regulation (GDPR) took effect May 25, 2018, IT compliance issues have been at the forefront of corporate concerns. But those aren’t the only laws or regulations that affect IT security teams.

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Q&A: Here’s how Google’s labeling HTTP websites “Not Secure” will strengthen the Internet

The Last Watchdog

In a move to blanket the Internet with encrypted website traffic, Google is moving forward with its insistence that straggling website publishers adopt HTTPS Secure Sockets Layer (SSL). Related: How PKI can secure IoT. It’s true that most financial services and big-name shopping websites have long ago moved to HTTPS.

Security 203
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$8 million penalty to NYDFS – and another case of over-retention

Data Protection Report

NYDFS conducted its first audit of GGT for the period of May 17, 2018 through March 31 2019. 2024 was not a happy new year for Genesis Global Trading, Inc. (“GGT”).

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Mysterious custom malware used to steal 1.2TB of data from million PCs

Security Affairs

million Windows systems between 2018 and 2020. The software includes illegal Adobe Photoshop 2018, a Windows cracking tool, and several cracked games.” million unique email addresses, NordLocker found, for an array of different apps and services. terabyte of stolen data. The database includes 6.6 million computers.

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FFIEC Updates Its Cybersecurity Guidelines For Financial Institutions

ForAllSecure

On October 3, 2022, the Federal Financial Institutions Examination Council's ( FFIEC ) updated its 2018 Cybersecurity Resource Guide for Financial Institutions. The guide also serves as an educational resource on the latest security technologies.

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New Obligations Under the NYDFS Cybersecurity Regulation Came Online in September

HL Chronicle of Data Protection

As of Tuesday, September 4, 2018, covered entities are required to be in compliance with additional requirements relating to: Audit Trail (Section 500.06); Application Security (Section 500.08); Limitations on Data Retention (Section 500.13); Monitoring of Authorized Users (Section 500.14(a)); Application Security (Section 500.08).