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.

Passwords 98

Passwords Financial Services Authentication Insurance 98

Data Matters

APRIL 20, 2021

This development indicates that sponsors and fiduciaries may soon be subject to focused scrutiny over their cybersecurity practices in DOL investigations and adds to the multiple existing sources of cybersecurity legal risk in the wake of data breaches or insufficient cybersecurity controls.

Cybersecurity 68

Cybersecurity Insurance Risk Compliance 68

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.

Cybersecurity 94

Cybersecurity Financial Services Phishing Compliance 94

Adam Levin

SEPTEMBER 5, 2019

Once the number has been transferred, the criminal has control of any accounts that are identified by caller ID (including many financial institutions) as well as any accounts protected by two-factor authentication. It is believed this was the method used to recently hack Jack Dempsey’s Twitter account. . What You Can Do.

Mining 79

Mining Authentication Financial Services Privacy 79

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. The settlement requires EyeMed to pay $4.5 million, among other things. Background.

Cybersecurity 52

Cybersecurity Personal data Risk Financial Services 52

Adam Levin

NOVEMBER 30, 2018

If you prefer a more laid back approach, sign up for free transaction alerts from financial services institutions and credit card companies, or subscribe to a credit and identity monitoring program, 3. There are some basics when it comes to protecting yourself when your information is compromised, and they are simple.

Financial Services 66

Financial Services Encryption Passwords Communications 66

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.

Cybersecurity 40

Cybersecurity Compliance Financial Services Risk 40

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

DLA Piper Privacy Matters

APRIL 2, 2020

Where feasible, consider using encryption and secure file transfer platforms for the transmission of sensitive data. Multi-Factor Authentication. Multi-Factor Authentication (MFA) is a powerful tool in combating potential unauthorized access to systems where access credentials have been lost or stolen.

Cybersecurity 52

Cybersecurity Phishing Authentication Access 52

The Last Watchdog

MAY 24, 2021

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. billion web attacks globally; 736 million in the financial services sector. A: Everything.

Financial Services 178

Financial Services Passwords Data breaches Authentication 178

KnowBe4

JUNE 20, 2023

1 Root Cause of Data Breaches Verizon's DBIR always has a lot of information to unpack, so I'll continue my review by covering how stolen credentials play a role in attacks. So, what does the report say about the most common threat actions that are involved in data breaches?

Data breaches 75

Data breaches Phishing Security awareness Ransomware 75

ForAllSecure

JANUARY 19, 2022

You might not think of it as a major aspect of security and yet, stolen credentials are really the key to data breaches today. To use a service, we enter our user name and a password. But this method of authentication is flawed; either hashed or hashed and salted, usernames and passwords can still be stolen and reused.

Passwords 52

Passwords Authentication Access Data breaches 52

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.

Access 169

Access Government Authentication Data breaches 169

Data Matters

APRIL 23, 2018

Board-management discussions about cyber risk should include identification of which risks to avoid, which to accept, and which to mitigate or transfer through insurance, as well as specific plans associated with each approach. Source Authentication. Authentication and Lifecycle Management. Principle 5. Indeed, given that U.S.

Cybersecurity 60

Cybersecurity Risk Passwords Authentication 60

Data Matters

JUNE 5, 2018

The definition of “banking entity” now excludes insured depository institutions (and their parent companies and affiliates) if (i) the institution has less than $10 billion in total consolidated assets and (ii) the institution’s trading assets and liabilities are less than 5 percent of its total consolidated assets.

Financial Services 68

Financial Services Insurance Privacy Authentication 68