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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. CISO and senior governing body requirements; 500.15: Encryption requirements; 500.16: Incident response plan requirements; and, 500.19(a):

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Exclusive: Welcome “Frappo” – Resecurity identified a new Phishing-as-a-Service

Security Affairs

Initially, the service popped up in the Dark Web around 22 nd March 2021, and has been significantly upgraded since then. The last update of the service was registered May 1, 2022. Frappo” grants cybercriminals the ability to work with stolen data anonymously and in an encrypted format. To nominate, please visit:?

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The Week in Cyber Security and Data Privacy: 6 – 12 November 2023

IT Governance

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. Customer data, which was encrypted, was reported to be unaffected. Welcome to this week’s round-up of the biggest and most interesting news stories.

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Tokenization: Ready for Prime Time

Thales Cloud Protection & Licensing

Financial Services. In financial services, anti-money laundering initiatives require analyzing data while maintaining privacy and security for PII, but also being able to securely return to the original data for post-analysis follow-up. Encryption and Tokenization.

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Transition period under New York Cybersecurity Regulation ends March 1, 2019

Data Protection Report

The two-year transitional period under the New York State Department of Financial Services (“DFS””) Cybersecurity Regulation , 23 NYCRR 500 (the “Regulation”), will expire on March 1, 2019, with the final remaining requirement becoming effective.

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New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process

Hunton Privacy

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No.

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The Week in Cyber Security and Data Privacy: 4 – 10 March 2024

IT Governance

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. Subscribe now The post The Week in Cyber Security and Data Privacy: 4 – 10 March 2024 appeared first on IT Governance UK Blog.