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

Data Matters

The UK Financial Conduct Authority (“ FCA ”) has carried out a multi-firm review of cybersecurity practices with a sample of 20 firms in the wholesale banking and asset management sectors (the “ Report ”). The Report provides a number of useful takeaways for all firms to consider in relation to their cybersecurity management.

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New Leak Shows Business Side of China’s APT Menace

Krebs on Security

A new data leak that appears to have come from one of China’s top private cybersecurity firms provides a rare glimpse into the commercial side of China’s many state-sponsored hacking groups. In 2021, the Sichuan provincial government named i-SOON as one of “the top 30 information security companies.”

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Managed IT Service Providers (MSPs): A Fast Way to Secure IT

eSecurity Planet

Information technology (IT) MSPs typically provide the easiest path to better cybersecurity because they focus completely on the effective implementation of basic IT infrastructure. Every organization should understand and consider the flexibility offered by outsourcing to one or more MSPs as part of their IT operations and security strategy.

IT 98
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Managed IT Service Providers (MSPs): A Fast Way to Secure IT

eSecurity Planet

Information technology (IT) MSPs typically provide the easiest path to better cybersecurity because they focus completely on the effective implementation of basic IT infrastructure. Every organization should understand and consider the flexibility offered by outsourcing to one or more MSPs as part of their IT operations and security strategy.

IT 97
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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

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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. The Proposed Regulation Changes. Governance.