Blog Encryption Events Financial Services 
Data Protection Report
NOVEMBER 8, 2023
On November 1, 2023, the New York Department of Financial Services (“NYDFS”) released the finalized amendments of Part 500 of its cybersecurity regulations. This notice requirement explicitly applies to cybersecurity incidents occurring to the covered entity itself, its affiliates, or a third-party service provider.
Data Matters
AUGUST 19, 2020
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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IBM Big Data Hub
NOVEMBER 14, 2023
With flexible consumption-based pricing, it provides on-demand access to z/OS systems, dramatically improving developer productivity by accelerating release cycles on secure, regulated hybrid cloud environments like IBM Cloud Framework for Financial Services (FS Cloud). The IBM Cloud Framework for Financial Services a.k.a
IBM Big Data Hub
FEBRUARY 5, 2024
The Digital Operational Resilience Act (DORA) marks a significant milestone in the European Union’s (EU) efforts to bolster the operational resilience of the financial sector in the digital age. Furthermore, the RTS Article 6 highlights the necessity for all networked traffic, both internal and external, to be encrypted.
Data Protection Report
NOVEMBER 2, 2023
On November 1, 2023, the New York Department of Financial Services (NYDFS) finalized the second amendment to its cybersecurity regulations, which are available here. The rules contain the provisions we had described in the original NYDFS proposal a year ago (see our blog post here ), but include some changes. d) and 500.22(e)),
IBM Big Data Hub
AUGUST 1, 2023
We continue to make key updates to our cloud infrastructure to drive progress that has resulted in improvements to cloud stability and resiliency, including an 87% year-over-year reduction in Severity 1 Customer Impacting Events (CIEs) and a 38% decrease in Severity 1 CIE disruption time for the same compared periods in 2022 versus 2021.
Thales Cloud Protection & Licensing
NOVEMBER 27, 2018
The cybersecurity regulation ( 23 NYCRR 500 ) adopted by the New York State Department of Financial Services (NYDFS) is nearly two years old. Leading up to that date, companies have had to meet several milestones including hiring a CISO, encrypting all its non-public consumer data and enabling multi-factor authentication.
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