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DORA: 1 year to go! Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds

Thales Cloud Protection & Licensing

Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds madhav Wed, 01/17/2024 - 05:46 The Digital Operational Resilience Act (DORA) will apply to the EU financial sector from 17 January 2025. As set out in its Article 2, DORA applies to the entire financial services sector.

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NYDFS Amends Cybersecurity Rules for Financial Services Companies

Hunton Privacy

On November 9, 2022, the New York Department of Financial Services (NYDFS) released its second, proposed amendments to the Part 500 Cybersecurity Rule. Any cybersecurity event that affects a third-party service provider that also affects the covered entity. Revised Definition of Class A Companies.

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Security Compliance & Data Privacy Regulations

eSecurity Planet

Regulatory compliance and data privacy issues have long been an IT security nightmare. GDPR (among other legal requirements in the EU and elsewhere) can expose multinational organizations to hefty financial penalties, additional rules for disclosing data breaches, and increased scrutiny of the adequacy of their data security.

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NYDFS Proposes Updated Second Amendment to Its Cybersecurity Regulation

Hunton Privacy

On June 28, 2023, the New York Department of Financial Services (“NYDFS”) published an updated proposed Second Amendment (“Amendment”) to its Cybersecurity Regulation, 23 NYCRR Part 500. On November 9, 2022, NYDFS published a first draft of the proposed Amendment and received comments from stakeholders over a 60-day period.

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Scary Fraud Ensues When ID Theft & Usury Collide

Krebs on Security

But Jim has long had a security freeze on his credit file with the three major consumer credit reporting bureaus , and none of the lenders seemed willing to proceed without at least a peek at his credit history. ” According to the Native American Financial Services Association (NAFSA), a trade group in Washington, D.C.

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The Many Challenges of a Multi-Cloud Business Environment

Thales Cloud Protection & Licensing

The benefits of cloud come with significant new security challenges for organizations. The Thales Cloud Security Study 2021 of more than 2,600 respondents from around the world tries to respond to key questions: How widespread is multi-cloud? What are the operational challenges of managing security across multiple clouds?

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BEST PRACTICES: Rising complexities of provisioning identities has pushed ‘IGA’ to the fore

The Last Watchdog

Meanwhile, employees, partners, suppliers and customers are using their smartphones to gain access. Companies need a reliable way to know at all times where sensitive data is sitting, and who might be accessing it, in order to keep it out of the hands of threat actors, he said. Users re-defined. Most often, a user is a human being.