Hunton Privacy

FEBRUARY 22, 2021

As we previously reported , NYDFS issued guidance regarding cybersecurity during the pandemic in April 2020.

Financial Services 86

Financial Services Insurance Cybersecurity Analytics 86

Data Matters

FEBRUARY 10, 2021

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. individuals and businesses comply with ransomware payment demands in this October 2020 client alert.) The post New York Department of Financial Services Issues First Guidance by a U.S. 1 See W.B.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

Data Breach Today

FEBRUARY 26, 2020

Security Experts Discuss Authentication Challenges in the Financial Services Sector Improvements in behavioral biometrics and analytics are changing the way many financial services firms approach authentication.

Analytics 185

Analytics Financial Services Authentication Access 185

Dark Reading

FEBRUARY 15, 2021

Consumer banks, exchanges, payment firms, and card issuing companies around the globe were among those hit.

Financial Services 73

Financial Services 73

Hunton Privacy

APRIL 22, 2020

On April 13, 2020, the New York Department of Financial Services (“NYDFS”) issued guidance (“April guidance”) to all New York State entities covered under NYDFS’s cybersecurity regulation regarding assessing and addressing heightened cybersecurity risks due to the COVID-19 pandemic.

Financial Services 71

Financial Services Cybersecurity Phishing Risk 71

HL Chronicle of Data Protection

APRIL 17, 2020

Continuing its focus on COVID-19’s impact on its regulated entities, on April 13, the New York Department of Financial Services (NYDFS) released new cybersecurity guidance in response to the COVID-19 pandemic.

Financial Services 75

Financial Services Risk Cybersecurity Phishing 75

Dark Reading

FEBRUARY 9, 2021

Cloud services was the most impersonated industry, followed by financial services, e-commerce, and social media, researchers report.

Financial Services 89

Financial Services Cloud 89

eDiscovery Law

AUGUST 12, 2020

Key Insight: Spoliation had occurred, but no default judgment issued. Evidence regarding destruction was allowed, no testimony from plaintiffs regarding unpreserved ESI and adverse inference instruction. Nature of Case: Breach of Contract Electronic Data Involved: Emails and Computers Keywords: adverse inference, sanctions View Case Opinion.

Financial Services 40

Financial Services Computer and Electronics Communications Data preservation 40

Info Source

FEBRUARY 2, 2021

Product Innovation, Expansion of Channel Program, and Robust Pipeline of Legacy ECM Migration Projects Result in Strong 2020 . Our success in 2020 illustrates that an increasing number of companies are looking to quickly set up and scale automated document processing in the cloud,” said Ron Cameron, CEO of KnowledgeLake.

Cloud 59

Cloud ECM Financial Services Manufacturing 59

IBM Big Data Hub

AUGUST 10, 2023

By prioritizing resiliency, performance, security and compliance, fintechs are helping to revolutionize the way financial services are delivered. Founded in the UK in 2020, MySocialPulse has continued to scale its business by leveraging both cloud and AI technologies from IBM.

Cloud 68

Cloud Financial Services Artificial Intelligence Digital transformation 68

Security Affairs

FEBRUARY 19, 2024

Since January 2020, affiliates utilizing LockBit have targeted organizations of diverse sizes spanning critical infrastructure sectors such as financial services, food and agriculture, education, energy, government and emergency services, healthcare, manufacturing, and transportation. on January 5, 2020.

Energy and Utilities 106

Energy and Utilities Ransomware Agriculture Financial Services 106

Thales Cloud Protection & Licensing

FEBRUARY 11, 2020

2020 ends a decade, and the new year prompted me to think “Wow it’s been two decades since we started Vormetric.” So, in 2020 we’re looking at frontiers like the cloud and cloud native technologies (including microservices). The post Hindsight is 2020. And the mission we started then still applies now.

Cloud 113

Cloud Government Financial Services Access 113

Krebs on Security

JULY 23, 2020

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. First American released its first quarter 2020 earnings today.

Insurance 284

Insurance Financial Services Mining Access 284

Hunton Privacy

OCTOBER 24, 2022

On October 18, 2022, the New York State Department of Financial Services (“NYDFS”) announced that EyeMed Vision Care LLC (“EyeMed”) agreed to a $4.5 The NYDFS’s consent order notes that EyeMed’s failure to comply with the Cybersecurity Regulation left EyeMed vulnerable to threat actors.

Cybersecurity 67

Cybersecurity Financial Services Risk Phishing 67

Hunton Privacy

MARCH 11, 2021

On March 3, 2020, the New York Department of Financial Services (“NYDFS”) announced it had entered into a settlement with Residential Mortgage Services, Inc. (“RMS”) NYDFS further alleged that RMS did not conduct an investigation or identify the compromised consumer data until directed to do so by NYDFS in 2020.

Data breaches 97

Data breaches Cybersecurity Financial Services Personal data 97

ARMA International

DECEMBER 26, 2019

For 2019, 34% of RIM professionals reported they had restructured their programs, with an additional 31% planning to do so into 2020. A further 32% expect to use a cloud records management platform into 2020, up substantially from 18% in 2017. Intelligent Content Services and Automation: Must-Haves for 2020 Roadmaps.

Content services 76

Content services Cloud Records Management Privacy 76

HL Chronicle of Data Protection

FEBRUARY 25, 2020

Companies should take note of two imminent developments in New York in the area of cybersecurity regulation: enforcement of the New York Department of Financial Services (NYDFS) Cybersecurity Regulation (Regulation) and the effective date of the Stop Hacks and Improve Electronic Data Security Act (SHIELD Act or Act).

Cybersecurity 104

Cybersecurity Financial Services Data breaches Insurance 104

Security Affairs

FEBRUARY 21, 2024

According to the press release published by the Department of State , the Lockbit ransomware operators carried out over 2,000 attacks against victims worldwide since January 2020. LockBit ransomware attacks have resulted in ransom payments exceeding $144 million for recovery. reads the press release published by DoJ.

Energy and Utilities 90

Energy and Utilities Ransomware Agriculture Manufacturing 90

Hunton Privacy

JULY 1, 2022

On June 24, 2022, the New York State Department of Financial Services (“NYDFS” or the “Department”) announced it had entered into a $5 million settlement with Carnival Corp.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

Hunton Privacy

SEPTEMBER 1, 2021

34-92806 ; and In the Matter of KMS Financial Services, Inc. , Release No. According to the SEC order against KMS Financial Services Inc., The cases are In the Matter of Cetera Advisor Networks LLC , Release No. 34-92800 ; In the Matter of Cambridge Investment Research, Inc. , Release No. 34-92807 , August 30, 2021.

Cybersecurity 113

Cybersecurity Financial Services Cloud Access 113

eSecurity Planet

AUGUST 22, 2021

Cloudflare last month fought off a massive distributed denial-of-service (DDoS) attack by a botnet that was bombarding 17.2 million requests per second (rps) at one of the internet infrastructure company’s customers in the financial services space. DDoS Attacks on the Rise. That prediction proved correct.

Financial Services 142

Financial Services IoT Education Passwords 142

Data Matters

JANUARY 19, 2023

trillion at the end of 2020 (double the figure of 2015) and continues to rise in the EU and globally notably due to ongoing geopolitical conflicts in Ukraine and Russia.

Financial Services 88

Financial Services Cybersecurity Ransomware Marketing 88

Security Affairs

JUNE 15, 2023

organizations since 2020. organizations since 2020. The operation targeted many organizations in critical infrastructure sectors, including financial services, food and agriculture, education, energy, government and emergency services, healthcare, manufacturing, and transportation.

Ransomware 91

Ransomware Cybersecurity Agriculture Education 91

Security Affairs

FEBRUARY 20, 2024

Today, additional criminal charges against Kondratyev were unsealed in the Northern District of California related to his deployment in 2020 of ransomware against a victim located in California.” on January 5, 2020. In 2022, LockBit was one of the most active ransomware groups, and its prevalence continued into 2023.

Energy and Utilities 101

Energy and Utilities Ransomware Manufacturing Agriculture 101

Data Matters

JUNE 12, 2020

The ANPR also focuses on critical new technologies such as distributed ledgers and artificial intelligence, asking, for example: “What types of activities related to cryptocurrencies or cryptoassets are financial services companies or bank customers engaged? Comments are due by August 3, 2020.

Artificial Intelligence 68

Artificial Intelligence Blockchain Financial Services Computer and Electronics 68

Thales Cloud Protection & Licensing

NOVEMBER 22, 2021

trillion in 2020.”. To compete, financial institutions are investing heavily in digital transformation. The full digitization of contracts, subscriptions and consumption of services. This drive towards digital transformation allowed financial services to be one of the sectors that better weathered the Covid 19 pandemic.

Digital transformation 71

Digital transformation Financial Services Customer Experience Risk 71

Data Matters

JULY 17, 2020

July 21 & 22, 2020. Tuesday, July 21, 2020 – Register. Wednesday, July 22, 2020 – Register. Senior Associate, Banking and Financial Services Practice, London. PT | 11:00 a.m. ET | 4:00 p.m. BST | 11:00 a.m. CET | 5:00 p.m. Senior Associate, Cyber Risk Practice, Kroll. Colleen Brown. Max Savoie.

Cybersecurity 68

Cybersecurity Financial Services GDPR Privacy 68

Dark Reading

DECEMBER 19, 2019

Between Europe's and California's privacy laws, companies have a complex landscape to navigate in 2020. Even data-mature industries, such as financial services, see problems ahead.

Privacy 61

Privacy Financial Services 61

Thales Cloud Protection & Licensing

JANUARY 10, 2022

The financial services ecosystem has evolved tremendously over the past few years driven by a surge in the adoption of digital payments. Our data shows us that in the first quarter of 2020, there was a larger shift to digital payment forms in 10 weeks than we had seen in the preceding five years. Tue, 01/11/2022 - 06:35.

Retail 126

Retail Security Financial Services Authentication 126

Security Affairs

JUNE 16, 2023

The US authorities arrested the man in Arizona last month DoJ states that from at least as early as August 2020 to March 2023, Astamirov and other members of the LockBit ransomware gang committed wire fraud and compromised many computer systems worldwide attempting to extort the victims of ransomware attacks. organizations since 2020.

Ransomware 89

Ransomware Agriculture Education Government 89

Rippleshot

JULY 24, 2020

The push for greater digital transformation across the financial services market isn't just changing the face of the front-end customer experience, it's rapidly-impacting how banks invest in back-end technologies that detect and mitigate emerging fraud threats.

Digital transformation 59

Digital transformation Customer Experience Financial Services Compliance 59

Data Matters

JUNE 24, 2021

3 The SEC and its staff followed the September 2017 statement with various cybersecurity-related initiatives and guidance, including January 27, 2020, cybersecurity guidance and observations published by the SEC’s Division of Examinations (formerly Office of Compliance Inspections and Examinations). 27, 2020). 15, 2020).

Cybersecurity 68

Cybersecurity Financial Services Risk Compliance 68

Security Affairs

DECEMBER 2, 2022

entities Financial Services, Government Facilities, Healthcare and Public Health, Critical Manufacturing, and Information Technology. CVE-2020-1472 – elevation of privilege flaw in Netlogon remote protocol (aka ZeroLogon). ” Since December 2021 Cuba operators are continuing to target U.S.

Ransomware 87

Ransomware Financial Services Manufacturing Phishing 87

Thales Cloud Protection & Licensing

NOVEMBER 27, 2018

The cybersecurity regulation ( 23 NYCRR 500 ) adopted by the New York State Department of Financial Services (NYDFS) is nearly two years old. Even though these regulations only apply to New York, financial institutions across the U.S. Looking Ahead to 2019 and 2020. September Checklist, March Reminder.

Cybersecurity 71

Cybersecurity Financial Services Encryption Data Privacy 71

Krebs on Security

JUNE 18, 2021

In July 2020, the New York State Department of Financial Services announced the company was the target of their first ever cybersecurity enforcement action in connection with the incident, charges that could bring steep financial penalties. According to the FBI, BEC scams are the most costly form of cybercrime today.

Insurance 265

Insurance Risk Financial Services Mining 265

Data Protection Report

APRIL 22, 2021

On April 14, 2021, the New York Department of Financial Services (NYDFS) announced a $3 million settlement with insurance company National Securities Corp. NSC), relating to violations of three different requirements of the NYDFS cybersecurity regulation during the period 2018 to 2020. NYDFS Cybersecurity Regulation.

Cybersecurity 94

Cybersecurity Financial Services Phishing Compliance 94

Security Affairs

SEPTEMBER 1, 2021

The sanctioned entities are Cetera (Advisor Networks, Investment Services, Financial Specialists, Advisors, and Investment Advisers), Cambridge Investment Research (Investment Research and Investment Research Advisors), and KMS Financial Services. ” Follow me on Twitter: @securityaffairs and Facebook.

Financial Services 85

Financial Services Cybersecurity Cloud Security 85