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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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Top 7 Data Governance Blog Posts of 2018

erwin

The driving factors behind data governance adoption vary. Whether implemented as preventative measures (risk management and regulation) or proactive endeavors (value creation and ROI), the benefits of a data governance initiative is becoming more apparent. Defining Data Governance. to Data Governance 2.0

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Historic Charges: First Enforcement Action Filed by New York Department of Financial Services Under Cybersecurity Regulation

Data Matters

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

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Sidley Adds Partners Seale and Wilan to Growing Cybersecurity Practice

Data Matters

She focuses her practice on cybersecurity issues, including crisis management, data breach response, internal investigations, regulatory compliance, and complex litigation. She advises clients in several industries, including financial services, hospitality, manufacturing, telecommunications, and energy.

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The Week in Cyber Security and Data Privacy: 6 – 12 November 2023

IT Governance

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. Records breached: 79,582 Ontario hospitals update: information relating to 5.6 Records breached: 1.3 million individuals McLaren Health Care notifies nearly 2.2

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Delivering security and scalability in today’s business landscape requires more than setting up a front line of defense

IBM Big Data Hub

The stakes are especially high for organizations in highly regulated industries because they can be exploited through their digital supply chain, giving hackers access to consumers’ valuable and sensitive data. Consequently, these data breaches can rattle customer trust and the confidence of regulators. 

Cloud 97
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Risk Management under the DORA Regulation

IT Governance

The public data set on the ICO (Information Commissioner’s Office) website shows that data security isn’t necessarily better for financial organisations. In fact, in 2020–2022, the financial sector was the second-most attacked sector, topped only by the retail and manufacturing sector. million (about £4.70

Risk 104