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CHINA: New draft proposes more stringent requirements for processing data in the financial services industry

DLA Piper Privacy Matters

Authors: Carolyn Bigg, Amanda Ge and Venus Cheung On July 24, 2023, the People’s Bank of China (“ PBOC ”) released the Measures for the Management of Data Security in the Business Areas Falling into PBOC’s Jurisdiction (Draft for Comment) (“ Draft Measures” ) for public consultation, which closes on August 24, 2023.

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50 Ways to Avoid Getting Scammed on Black Friday

Adam Levin

Mobile payment platforms, like Apple Pay and Google Pay, use advanced technology, like fingerprint authentication and tokenization (in which credit card account numbers are replaced by randomly generated numbers) to provide brick-and-mortar shoppers with an added layer of security. Browse online using secure networks.

Retail 97
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China’s PIPL has finally arrived, and brings helpful clarification (rather than substantial change) to China’s data privacy framework

DLA Piper Privacy Matters

The PIPL also anticipates that a new publicly-available entity list may be published, listings foreign organisations to whom local China organisations may not transfer personal information, where such transfer may harm national security or public interest. This aligns with a similar provision in the new Data Security Law.

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New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process

Hunton Privacy

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No.

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Cybersecurity Standards for the Insurance Sector – A New Patchwork Quilt in the US?

HL Chronicle of Data Protection

Of particular concern to state-level policymakers and enforcement authorities are business practices that in their view may contribute to security incidents. The insurance industry has not been immune from such scrutiny, and the imposition of business practice requirements intended to enhance cybersecurity sector-wide.

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Best practices for hybrid cloud banking applications secure and compliant deployment across IBM Cloud and Satellite

IBM Big Data Hub

Financial Services clients are increasingly looking to modernize their applications. Moreover, many of these financial services applications support regulated workloads, which require strict levels of security and compliance, including Zero Trust protection of the workloads.

Cloud 99
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The Hacker Mind Podcast: Hacking APIs

ForAllSecure

APIs are vital in our mobile digital world, but the consequences of API security flaws have yet to be seen. During the pandemic sales of the Home Fitness cycle peloton grew massively, given its popularity, it's natural that security researchers would want to take a look. And we've had our fair share of security concerns with those.