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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. The Amendment also includes new governance requirements and responsibilities applicable to the CISO of all covered entities.

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UK Government sets out proposals to shake up UK data protection laws

Data Protection Report

On 10 September 2021, the UK Government published its consultation paper on proposals to reform the UK’s data protection regime. It has seized it with gusto, announcing more than 70 proposals and calls for views and publishing its economic analysis of expected impact. The deadline for responding to the consultation is 19 November 2021.

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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. As described below, senior governing bodies would have new oversight responsibilities under the amendments.

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

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Business Architecture and Process Modeling for Digital Transformation

erwin

For instance, millennials are adept at using digital channels, and they are the fastest-growing customer base for financial services companies. This analysis also needs to span multiple departments, extending beyond business and process architecture to IT, compliance and even HR and legal.

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#ModernDataMasters: Mike Evans, Chief Technology Officer

Reltio

Mike Evans is CTO and Founder at Comma Group and has spent more than a decade in the business analysis, MDM and data management space. As an aspiring Project Manager, I was asked to work on an analysis project to understand why some recent initiatives weren’t achieving expected results. Prioritise people, process and governance.

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CISA issues proposed rules for cyber incident reporting in critical infrastructure

Data Protection Report

For example, government contractors or subcontractors with reporting obligations to the DOD or DOE for cyber incidents, or financial services entities that are already required to report cyber incidents to their primary federal regulator would be considered “covered entities” under the CIRCIA.