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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. ” The National Cybersecurity Strategy issued by the White House last year singles out China as the single biggest cyber threat to U.S.

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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.

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

eSecurity Planet

Managed service providers, also known as MSPs, offer organizations of all sizes a way to gain fractional expertise and capabilities unrelated to their core activities without the need for a huge upfront investment. For IT services and infrastructure, some larger MSPs will provide generalist services and attempt to solve all problems.

IT 89
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Managed IT Service Providers (MSPs): A Fast Way to Secure IT

eSecurity Planet

Managed service providers, also known as MSPs, offer organizations of all sizes a way to gain fractional expertise and capabilities unrelated to their core activities without the need for a huge upfront investment. For IT services and infrastructure, some larger MSPs will provide generalist services and attempt to solve all problems.

IT 76