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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. c)); – monitor privileged access activity by implementing a privileged access management (“PAM”) solution, and automatically blocking commonly used passwords (500.7(c));

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SHARED INTEL: Microsoft discloses how the Nobelium hacking ring engages in routine phishing

The Last Watchdog

Microsoft said it notified the targeted 150 organizations, which included “IT companies (57%), followed by government (20%), and smaller percentages for non-governmental organizations and think tanks, as well as financial services.” Cyber hygiene works.

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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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Proposed Amendments to NY Financial Services Cybersecurity Regulations Impose New Obligations on Large Entities, Boards of Directors and CISOs

Hunton Privacy

On July 29, 2022, the New York Department of Financial Services (“NYDFS”) posted proposed amendments (“Proposed Amendments”) to its Cybersecurity Requirements for Financial Services Companies (“Cybersecurity Regulations”). As part of the “access privileges” requirements under Section 500.7

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MY TAKE: Identity ‘access’ and ‘governance’ tech converge to meet data protection challenges

The Last Watchdog

based supplier of identity access management (IAM) systems, which recently announced a partnership with Omada, a Copenhagen-based provider of identity governance administration (IGA) solutions. The IAM vendors took single sign-on to the next level, adding multi-factor authentication and other functionalities.

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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.

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Security Affairs newsletter Round 446 by Pierluigi Paganini – INTERNATIONAL EDITION

Security Affairs

Israeli man sentenced to 80 months in prison for providing hacker-for-hire services Russian APT Gamaredon uses USB worm LitterDrifter against Ukraine The board of directors of OpenAI fired Sam Altman Medusa ransomware gang claims the hack of Toyota Financial Services CISA adds Sophos Web Appliance bug to its Known Exploited Vulnerabilities catalog (..)