Remove Business Services Remove Compliance Remove Financial Services Remove Training
article thumbnail

FCA Publishes Wholesale Banks and Asset Management Cyber Multi-Firm Review Findings

Data Matters

Effectiveness of second line functions in overseeing and managing cyber risks – all relevant areas of the business must have the relevant expertise. For one, many had defined the threat landscape too narrowly.

article thumbnail

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 “training and monitoring” requirements under Section 500.14

article thumbnail

NYDFS proposes significant cybersecurity regulation amendments

Data Protection Report

On July 29, 2022, the New York Department of Financial Services (NYDFS) announced a “pre-proposed outreach” of material proposed changes to almost every section of its cybersecurity regulations, and would affect each entity covered by the current regulations of 23 NYCRR Part 500. Penalties for Single Failures. 500.20).