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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. Securities and Exchange Commission settled its investigation into the matter after the Fortune 500 company agreed to pay a paltry penalty of less than $500,000. This week, the U.S. billion last year.

Insurance 289
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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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Catches of the month: Phishing scams for January 2020

IT Governance

In our first review of 2020, we look at a new twist on a PayPal scam, and discuss data breaches at an IVF treatment facility and in the Singapore government. Security researchers at ESET are warning people about a new scam targeting PayPal users. See also: Catches of the month for December 2019. The final trick.

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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. The Stop Hacks and Improve Electronic Data Security Act.

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SEC Chair: Sweeping New Cybersecurity Rules Are Coming Soon

Data Matters

On Monday, January 24, 2022, in a speech at the Northwestern University Pritzker School of Law annual Securities Regulation Institute conference, Gary Gensler, Chair of the U.S. He also signaled the SEC’s continued focus on enforcement and cooperation with other law enforcement agencies.

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CCPA: “Attorney General Amendment” Likely Dead

Data Protection Report

On May 16, 2019, the California Senate Appropriations Committee held a hearing that included S.B. The bill would have made three significant changes to the CCPA: It would have expanded the consumer’s private right of action from only certain security breaches to any violation of the CCPA. 5/16 – hearing upon call of Chair.

Retail 40
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CCPA In-Depth Series: Draft Attorney General Regulations on Consumer Requests

Data Matters

On October 10, 2019, this wait finally ended. Security Concerns. Addressing a key compliance issue for businesses, the proposed regulations provide a detailed set of rules on how businesses should incorporate data security concerns into their right to know responses. Specific Guidance on Right to Know Requests.

Sales 60