Remove Authentication Remove Financial Services Remove Government Remove Insurance
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NYDFS Imposes Fine of $5 Million on Carnival for Cybersecurity Breaches

Hunton Privacy

On June 24, 2022, the New York State Department of Financial Services (“NYDFS” or the “Department”) announced it had entered into a $5 million settlement with Carnival Corp. Since Carnival was licensed by the Department to sell insurance in NY State, it was treated as a covered entity under the Cybersecurity Regulation.

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U.S. and Foreign Cybersecurity and Intelligence Agencies Recommend Measures to Counteract Threat of Russian Cyberattacks

Data Matters

The advisory was promptly endorsed by the National Cyber Security Centre, a division of Government Communications Headquarters (“GCHQ”), a UK intelligence agency. government, especially in light of ongoing tensions between the U.S. Require multi-factor authentication (MFA) for all users. and Russia in Ukraine.

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Central Bank Digital Currency (CBDC) and blockchain enable the future of payments

IBM Big Data Hub

Some time ago, banks and governments started shifting their attention towards using digital assets in their operations and economies. Banks and governments are actively seeking CBDC because it is a more secure alternative to crypto. Unlike cryptocurrencies like Bitcoin or Ethereum, CBDC is backed by the government and is legal tender.

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UK FCA Consults on Changes to Strong Consumer Authentication, Dedicated Interfaces, and Guidance on Payment Services

Data Matters

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 ). its Perimeter Guidance Manual (PERG).

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CyberheistNews Vol 13 #13 [Eye Opener] How to Outsmart Sneaky AI-Based Phishing Attacks

KnowBe4

Strategies include: Developing a comprehensive, defense-in-depth plan Technical controls all organizations should consider Gotchas to watch out for with cybersecurity insurance Benefits of implementing new-school security awareness training Best practices for creating and implementing security policies Get the E-Book now!

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NYDFS Requires COVID-19 Plans by April 9

Data Protection Report

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.

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What is Cybersecurity Risk Management?

eSecurity Planet

The simplest example may be insurance. Life, health, auto, and other insurance are all designed to help a person protect against losses. Also read : Top Governance, Risk, and Compliance (GRC) Tools for 2022. Once data is mapped, organizations make better decisions on how that data is governed and reduce their risk footprint.

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