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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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LockFile Ransomware uses a new intermittent encryption technique

Security Affairs

Recently emerged LockFile ransomware family LockFile leverages a novel technique called intermittent encryption to speed up encryption. Sophos researchers discovered that the group is now leveraging a new technique called “intermittent encryption” to speed up the encryption process.

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DEEP TECH NEWS: Respecting individual rights by using ‘privacy preserving aggregate statistics’

The Last Watchdog

To sell us more goods and services, the algorithms of Google, Facebook and Amazon exhaustively parse our digital footprints. Related: The role of ‘attribute based encryption’ There’s nothing intrinsically wrong with companies seeking to better understand their customers.

Privacy 263
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BlackCocaine Ransomware, a new malware in the threat landscape

Security Affairs

Recently Cyber researchers for Cyble investigated an attack suffered by on May 30, 2021, by Nucleus Software, an India-based IT company in the Banking and Financial Services sector. The company reported the security breach to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSEI). Pierluigi Paganini.

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Security Compliance & Data Privacy Regulations

eSecurity Planet

Other industry standards too can have the force of “pseudo-law” – notably, the NIST Cybersecurity Framework, which federal regulators often apply to financial-services firms and government contractors. Thus, it can be difficult for even small enterprises to keep up with information security and data privacy compliance.

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Security Affairs newsletter Round 450 by Pierluigi Paganini – INTERNATIONAL EDITION

Security Affairs

CISA and ENISA enhance their Cooperation CISA adds Qlik bugs to exploited vulnerabilities catalog Report: 2.6 CISA and ENISA enhance their Cooperation CISA adds Qlik bugs to exploited vulnerabilities catalog Report: 2.6

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Experts linked ransomware attacks to China-linked APT27

Security Affairs

defense contractors , financial services firms, and a national data center in Central Asia. The hackers used the Windows drive encryption tool BitLocker to lock the servers. “Earlier this year, Security Joes and Profero responded to an incident involving ransomware and the encryption of several core servers.