Remove 11
Remove 2020 Remove Blog Remove Data Remove Financial Services Remove Security
article thumbnail

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.

article thumbnail

Navigating the EU-US Data Protection Framework

Thales Cloud Protection & Licensing

Navigating the EU-US Data Protection Framework sparsh Thu, 01/11/2024 - 05:26 On 10 July 2023, the European Commission adopted a new adequacy decision regarding the Data Privacy Framework (“DPF”). This follows the invalidation of the EU-US Privacy Shield, by the Court of Justice of the European Union on 16 July 2020.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

EU Publishes New NIS2 Cyber Directive Imposing Liability and Obligations on Senior Management

Data Matters

On 17 January 2023, the new Network and Information Systems Security Directive (“ NIS2 Directive ”), which is aimed at establishing a minimum level of cybersecurity standards across the EU and is set to replace its predecessor (the NIS or “ NIS1 Directive ” ), entered into force.

article thumbnail

MY TAKE: Why companies and consumers must collaborate to stop the plundering of IoT systems

The Last Watchdog

We’ve surrounded ourselves with embedded sensors continually transmitting data across the internet. Joe Alexander, a distinguished scientist at NTT Research, describe the astounding work he’s doing on a digital twin of a human heart that someday will crunch data to help diagnose and treat cardiac disease.

IoT 279
article thumbnail

SEC Announces Settled Charges Against First American for Cybersecurity Disclosure Controls Failures – Lessons Learned

Data Matters

3 The SEC and its staff followed the September 2017 statement with various cybersecurity-related initiatives and guidance, including January 27, 2020, cybersecurity guidance and observations published by the SEC’s Division of Examinations (formerly Office of Compliance Inspections and Examinations).

article thumbnail

U.S. Office of the Comptroller of the Currency Updates Third-Party Relationships Risk Management Guidance

Data Matters

On March 5, 2020, the Office of the Comptroller of the Currency (OCC) issued an updated set of answers to frequently asked questions (FAQs) 1 regarding risk management in national bank relationships with third parties to further supplement its 2013 guidance, OCC Bulletin 2013-29 (the Bulletin), 2 and its 2017 FAQs (Prior FAQs) on the topic.

Risk 68
article thumbnail

Regulatory Update: NAIC Fall 2020 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Fall 2020 National Meeting (Fall Meeting) December 3-9, 2020. 43R —Loan-Backed and Structured Securities. These revisions are exposed for comment until January 11, 2021. 25 — Affiliates and Other Related Parties; SSAP No. Revisions to SSAP No.