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NYDFS releases major update to Part 500 cybersecurity requirements for financial services companies

Data Protection Report

On November 1, 2023, the New York Department of Financial Services (“NYDFS”) released the finalized amendments of Part 500 of its cybersecurity regulations. Additional changes to required policies and procedures will not begin to take effect until April 2024 and rolling thereafter.

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2024 Tech and Cybersecurity Forecast: Navigating New Frontiers in Business

Thales Cloud Protection & Licensing

2024 Tech and Cybersecurity Forecast: Navigating New Frontiers in Business madhav Thu, 12/21/2023 - 05:15 People always want to comprehend what the future brings. 2024 promises to be a pivotal year, bringing transformative advancements and new challenges in tech and cybersecurity. The same is true for today’s business leaders.

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The Evolving Legislative and Compliance Landscape: A Roadmap for Business Leaders

Thales Cloud Protection & Licensing

The Evolving Legislative and Compliance Landscape: A Roadmap for Business Leaders madhav Tue, 04/30/2024 - 05:32 Trust is the currency of the digital economy. The Thales 2024 Trust Index report indicates that 87% of consumers expect vendors to respect their digital rights, which leads to trusted relationships. Like DORA, PCI DSS 4.0

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

Data Protection Report

2024 was not a happy new year for Genesis Global Trading, Inc. (“GGT”). Companies should focus on establishing and implementing a reasonable information governance policy and record retention schedule with special emphasis on documents that contain personal information. This post will focus on the cybersecurity regulation issues. (For

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FCA sets out plans to make Big Tech a priority and provides update on its approach to AI

Data Protection Report

On 22 April 2024, the Financial Conduct Authority ( FCA ) published a speech by its chief executive, Nikhil Rathi, entitled ‘Navigating the UK’s Digital Regulation Landscape: Where are we headed?’. The FCA also sets out its next steps.

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The Week in Cyber Security and Data Privacy: 12 – 18 February 2024

IT Governance

It is not known how long the database was publicly available, nor whether anyone else accessed it. In January 2024, it identified more potential victims, and has now written to inform them that their personal data may have been compromised in the incident. Key dates 31 March 2024 – PCI DSS v4.0 of the Standard.

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5 things to know: Driving innovation with AI and hybrid cloud in the year ahead

IBM Big Data Hub

As we look ahead to 2024, enterprises around the world are undoubtedly evaluating their progress and creating a growth plan for the year to come. IBM Cloud Hyper Protect Crypto Services offers “keep your own key” encryption capabilities, designed to allow clients exclusive key control and help address privacy needs.

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