eSecurity Planet

FEBRUARY 11, 2022

The simplest example may be insurance. Life, health, auto, and other insurance are all designed to help a person protect against losses. This article looks at cybersecurity risk management, how to establish a risk management system, and best practices for building resilience. What is Cybersecurity Risk Management?

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Risk Cybersecurity Encryption Access 127

Data Matters

MARCH 28, 2022

Department of Health and Human Service’s Office for Civil Rights (“OCR”) issued industry guidance for Health Insurance Portability and Accountability Act (“HIPAA”) regulated entities to take preventative steps to protect against some of the more common, and often successful, cyber-attack techniques. On March 17, 2022, the U.S.

Cybersecurity 88

Cybersecurity Privacy Insurance Risk 88

Data Protection Report

APRIL 22, 2021

On April 14, 2021, the New York Department of Financial Services (NYDFS) announced a $3 million settlement with insurance company National Securities Corp. NSC), relating to violations of three different requirements of the NYDFS cybersecurity regulation during the period 2018 to 2020. NYDFS Cybersecurity Regulation.

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Cybersecurity Financial Services Phishing Compliance 94

Rocket Software

AUGUST 17, 2020

Financial services organizations typically experience the most data breaches and hacks, which makes security a priority. For almost every industry, multi-factor authentication can be beneficial. What is Multi-factor Authentication? E-signatures, however, are a lot more difficult to authenticate and validate.

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Authentication Financial Services Passwords Insurance 52

HL Chronicle of Data Protection

FEBRUARY 25, 2020

Companies should take note of two imminent developments in New York in the area of cybersecurity regulation: enforcement of the New York Department of Financial Services (NYDFS) Cybersecurity Regulation (Regulation) and the effective date of the Stop Hacks and Improve Electronic Data Security Act (SHIELD Act or Act).

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Cybersecurity Financial Services Data breaches Insurance 104

HL Chronicle of Data Protection

MAY 13, 2019

In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

Data Matters

APRIL 20, 2021

There just may be a new cybersecurity regulator in town. Department of Labor (DOL) published its first cybersecurity guidance last week ( Cybersecurity Guidance ). The Cybersecurity Guidance is set forth in three parts: Tips for Hiring a Service Provider , directed toward plan sponsors and fiduciaries.

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Cybersecurity Insurance Risk Compliance 68

Data Matters

FEBRUARY 25, 2021

This follows the FCA’s announcement in its 2020-21 business plan that payment services were one of its main supervisory priorities 1 and its temporary guidance of July 9, 2020, on prudential risk management and safeguarding in light of the COVID-19 pandemic ( Temporary COVID Guidance ). Authentication code.

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Authentication Paper Risk Insurance 68

Security Affairs

JANUARY 17, 2022

.” The CPU will address critical vulnerabilities in Oracle Essbase, Graph Server and Client, Secure Backup, Communications Applications, Communications, Construction and Engineering, Enterprise Manager, Financial Services Applications, Fusion Middleware, Insurance Applications, PeopleSoft, Support Tools, and Utilities Applications.

Communications 106

Communications Financial Services Big data Retail 106

Data Protection Report

JANUARY 7, 2019

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. Periodic risk-based assessments of third parties. Upcoming certifications.

Cybersecurity 40

Cybersecurity Compliance Financial Services Risk 40

Data Protection Report

FEBRUARY 8, 2022

According to the settlement agreement, the AG concluded that EyeMed’s security practices did not meet the requirements of the SHIELD Act with respect to four requirements: authentication, password management, logging and monitoring, and data retention in the email account. In total, information for approximately 2.1 SHIELD Act.

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Passwords Financial Services Authentication Insurance 98

Data Protection Report

FEBRUARY 8, 2018

February 15, 2018, is quickly approaching and any entity subject to New York’s cybersecurity regulation (23 NYCRR Part 500) must file its first annual certification of compliance with the New York State Department of Financial Services (DFS) by that date.

Cybersecurity 40

Cybersecurity Financial Services Compliance Insurance 40

Security Affairs

AUGUST 16, 2023

A phishing campaign employing QR codes targeted a leading energy company in the US, cybersecurity firm Cofense reported. Other top 4 targeted industries include Manufacturing, Insurance, Technology, and Financial Services seeing 15%, 9%, 7%, and 6% of the campaign traffic respectively.” ” continues the report.

Phishing 87

Phishing Energy and Utilities Insurance Manufacturing 87

Data Protection Report

OCTOBER 24, 2022

On October 18, 2022, the New York Department of Financial Services announced a settlement with EyeMed, a licensed life, accident, and health insurer, with respect to a security incident that occurred in 2020. Nevertheless, EyeMed certified its compliance with the Cybersecurity Regulation annually, from 2018-2021.

Cybersecurity 52

Cybersecurity Personal data Risk Financial Services 52

DLA Piper Privacy Matters

APRIL 2, 2020

Working remotely, or “teleworking,” presents unique cybersecurity challenges to the employer, the employee and the supply chain, especially when being done for the first time in a rapidly changing environment. It is important to note, though, that cybersecurity regulation is generally sector-specific.

Cybersecurity 52

Cybersecurity Phishing Authentication Access 52

KnowBe4

MARCH 28, 2023

A leader tasked with cybersecurity can get ahead of the game by understanding where we are in the story of machine learning (ML) as a hacking tool," Tyson writes. "At At present, the most important area of relevance around AI for cybersecurity is content generation. He doesn't just cover one angle. He covers it from all angles!

Phishing 89

Phishing Security awareness Insurance Cybersecurity 89

Hunton Privacy

MARCH 8, 2019

The proposed changes would add more detailed requirements on how financial institutions must protect customer information. Notably, the proposed amendments would require covered financial institutions to encrypt all customer data held or transmitted by the institution both in transit over external networks and at rest.

Privacy 55

Privacy Insurance Financial Services Encryption 55

Data Matters

APRIL 23, 2018

Recent guidance from the Securities and Exchange Commission (SEC) on disclosure and enforcement actions by the Federal Trade Commission (FTC) make clear that cybersecurity is no longer a niche topic, but a concern significant enough to warrant the oversight of corporate boards of directors. Adopting the NIST Cybersecurity Framework.

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Cybersecurity Risk Passwords Authentication 60

eSecurity Planet

JUNE 16, 2022

However, basic cybersecurity tools and practices, like patching , strong passwords , and multi-factor authentication (MFA), “can prevent 80 to 90% of cyberattacks,” said Anne Neuberger, deputy national security advisor for cyber and emerging technologies, during a White House press conference in Sept. Types of Cyberattacks.

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Ransomware Cybersecurity Phishing Encryption 141

Adam Levin

NOVEMBER 30, 2018

Regis, Westin, Sheraton, W Hotels or anywhere else that operates on Marriot’s Starwood guest reservation database, it’s time to redouble your cybersecurity and privacy efforts, because this compromise is one of biggest we’ve seen—dwarfed only by the Yahoo breach that affected 2 billion users. If you’ve made reservations at the St.

Financial Services 66

Financial Services Encryption Passwords Communications 66

Data Matters

MARCH 12, 2019

Of particular note, the Safeguards Rule NPRM proposes to align the FTC’s requirements with those of the New York Department of Financial Services (“NYDFS”), as found in its cybersecurity regulations, and the National Association of Insurance Commissioners (“NAIC”), as found in its insurance data security model law.

Privacy 68

Privacy IT Information Security Insurance 68

Data Protection Report

APRIL 2, 2020

On March 10, 2020, the New York Department of Financial Services (NYDFS) issued guidance to all of its regulated institutions engaged in virtual currency business activity, requiring them to have plans for preparedness to manage the possible operational and financial risks posed by the COVID-19 pandemic.

Risk 59

Risk Communications Authentication Financial Services 59

eSecurity Planet

OCTOBER 5, 2021

Passwords are the most common authentication tool used by enterprises, yet they are notoriously insecure and easily hackable. At this point, multi-factor authentication (MFA) has permeated most applications, becoming a minimum safeguard against attacks. Jump to: What is multi-factor authentication? MFA can be hacked.

Authentication 99

Authentication Passwords Access Computer and Electronics 99

IBM Big Data Hub

FEBRUARY 14, 2024

Financial services AI-powered FinOps (Finance + DevOps) helps financial institutions operationalize data-driven cloud spend decisions to safely balance cost and performance in order to minimize alert fatigue and wasted budget.

Artificial Intelligence 88

Artificial Intelligence Retail Unstructured data Insurance 88

DLA Piper Privacy Matters

JULY 30, 2019

From the bad guy’s perspective, why hack one organization directly when you can hit a service provider with potentially weaker defenses and the sensitive data of many organizations? Do “reasonable” cybersecurity controls extend to third parties? What’s the fallout from a service provider breach?

Data breaches 45

Data breaches Cybersecurity Financial Services Risk 45

Adam Levin

NOVEMBER 17, 2020

Mobile payment platforms, like Apple Pay and Google Pay, use advanced technology, like fingerprint authentication and tokenization (in which credit card account numbers are replaced by randomly generated numbers) to provide brick-and-mortar shoppers with an added layer of security. Enable two-factor authentication.

Retail 97

Retail e-Delivery Passwords Phishing 97

HL Chronicle of Data Protection

MARCH 14, 2019

The proposed Rule will also require multi-factor authentication for any individual accessing customer information, but, unlike the NYDFS which imposed a similar requirement in the Cybersecurity Regulation, the FTC declined to endorse text messages as a permitted second factor.

Privacy 40

Privacy Risk Cybersecurity Information Security 40

eSecurity Planet

SEPTEMBER 16, 2022

In its 2021 Threat Force Intelligence Index , IBM reported that manufacturing and financial services were the two industries most at risk for attack, making up 23.2% Take a look at What Is Cybersecurity Risk Management? In time-sensitive environments such as cybersecurity and fraud prevention, time is an essential resource.

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Analytics Risk Authentication Financial Services 109

KnowBe4

JUNE 20, 2023

[link] [Heads Up] Microsoft Warns Against a Sophisticated Phishing Attack That Targeted Large Banks and Top Financial Organizations Microsoft describes a sophisticated phishing campaign that targeted large financial organizations. A second-stage phishing campaign followed, with more than 16,000 emails sent to the target's contacts."

Data breaches 78

Data breaches Phishing Security awareness Ransomware 78

The Last Watchdog

MAY 24, 2021

Related: DHS launches 60-day cybersecurity sprints. billion hitting financial services organizations — an increase of more than 45 percent year-over-year in that sector. billion web app attacks last year, with more than 736 million targeting financial services. A: You’re right. It is astronomical.

Financial Services 178

Financial Services Passwords Data breaches Authentication 178

The Last Watchdog

FEBRUARY 25, 2019

The IAM vendors took single sign-on to the next level, adding multi-factor authentication and other functionalities. Our customers all have the pain point of wanting to have single sign-on for multiple applications, requiring capabilities like self-service and self-registration,” Curcio told Last Watchdog.

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Access Government Authentication Data breaches 169

eSecurity Planet

AUGUST 13, 2021

Making our top products list for SIEM, threat intelligence , and UEBA this year, LogRhythm is a cybersecurity intelligence company with a range of solutions for organizations. The Paraben Corporation entered the cybersecurity marketplace in 1999, focused on digital forensics, risk assessment, and security solutions. DFS Market Trends.

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e-Discovery Computer and Electronics Marketing Compliance 137

eSecurity Planet

MAY 11, 2023

The only exception, it seems, has been cloud service providers, who boast an enviable record when it comes to cybersecurity, thanks to rigorous security practices like Google’s continuous patching. I am very surprised that the cyber insurance industry has not required zero trust architecture already, but perhaps the $1.4

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Cloud IT Insurance Authentication 97

eSecurity Planet

JUNE 1, 2021

Cybersecurity experts at both Microsoft and SecureWorks said that the hacker group – called Nobelium by Microsoft but which also is known as APT29 – accessed the Constant Contact email marketing account used by the U.S. ” SecureWorks Sees Similar Threats. . … Attacks are more difficult to spot on mobile.

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Phishing Cybersecurity Government Authentication 70