Remove category
Remove 2019 Remove Cybersecurity Remove Financial Services Remove IT
article thumbnail

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

Data Protection Report

On January 3, 2024, the New York Department of Financial Services announced a consent order with GGT, where GGT agreed to pay NYDFS $8 million and to surrender its BitLicense (for cryptocurrency trading), due to alleged violations of NYDFS’ cybersecurity and its virtual currency regulations.

article thumbnail

First American Financial Pays Farcical $500K Fine

Krebs on Security

In May 2019, KrebsOnSecurity broke the news that the website of mortgage settlement giant First American Financial Corp. NYSE:FAF ] was leaking more than 800 million documents — many containing sensitive financial data — related to real estate transactions dating back 16 years. First American Financial Corp.

Insurance 286
Insiders

Sign Up for our Newsletter

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

article thumbnail

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
article thumbnail

NEW TECH: Baffin Bay Networks takes a ‘cloud-first’ approach to securing web applications

The Last Watchdog

Related: How 5G will escalate DDoS attacks Caught in the pull of digital transformation , companies are routing ever more core operations and services through the Internet, or, more precisely, through IP addresses, of one kind or another. Yet both categories of attacks continue to turn up, hour-to-hour, on a daily basis, Sundberg says.

Cloud 171
article thumbnail

New York Enacts Stricter Data Cybersecurity Laws

Data Matters

On July 25, 2019, Governor Cuomo signed the two bills into law, one which amended the state’s data breach notification law, and another that created additional obligations for data breaches at credit reporting agencies. 6) adjusts the security program in light of business changes or new circumstances; and.

article thumbnail

The Privacy Officers’ New Year’s Resolutions

Data Protection Report

2019 saw a number of developments in the area of cookies which can’t be ignored. In the UK, the Information Commissioner’s Office (ICO) has been very outspoken on the ad tech industry’s use of special category personal data and onwards data sharing without explicit consent. Don’t let the Cookies crumble! In the U.S.,

Privacy 85
article thumbnail

Summary – “Industry in One: Financial Services”

ARMA International

This article summarizes a report published by AIEF on June 26, 2019. The scope of a records and information management (RIM) program in financial services can seem overwhelming. Regulations force financial institutions to “play by the rules.” Financial Services Industry Overview.