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Data privacy examples

IBM Big Data Hub

The app heavily encrypts all user financial data. Deploying privacy protections: The app uses encryption to protect data from cybercriminals and other prying eyes. Penalties for noncompliance can reach up to EUR 20,000,000 or 4% of the organization’s worldwide revenue in the previous year, whichever is higher.

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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.