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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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Risk Management under the DORA Regulation

IT Governance

The financial sector is quite heavily regulated, and involves a lot of confidential data. You’d therefore expect that the sector fares better at data security than your average organisation. Perhaps even more concerning to EU lawmakers is how dependent society at large is on banking and other financial services.

Risk 104
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MY TAKE: Why companies and consumers must collaborate to stop the plundering of IoT systems

The Last Watchdog

IoT devices help remotely control our household appliances, power plants, smart buildings, factories, airports, shipyards, trucks, trains and military. The challenge of the moment is that many companies already have their hands full trying to improve their security posture as they migrate their legacy, on premises, IT systems to the cloud.

IoT 280
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Catches of the Month: Phishing Scams for October 2023

IT Governance

October is both Cybersecurity Awareness Month in the US and European Cyber Security Month in the EU – twin campaigns on either side of the Atlantic that aim to improve awareness of the importance of cyber security both at work and at home, and provide tips on how to stay secure.

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How to Prevent Data Breaches: Data Breach Prevention Tips

eSecurity Planet

And breaches will occur – because bad guys make a living by figuring out ways to circumvent security best practices. Prioritize Data Protection The downfall of many security strategies is that they become too general and too thinly spread. But it requires different levels of security.

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Combat the increasing ransomware threat by educating employees

IT Governance

Healthcare was the most affected industry (76%) and financial services the least (45%). End users – and human error – is so often the weakest link in your security, but well-trained users can be your strongest asset.” Have you provided ransomware training? A further 31% are expected to fall victim in the future.

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CyberheistNews Vol 13 #13 [Eye Opener] How to Outsmart Sneaky AI-Based Phishing Attacks

KnowBe4

Security awareness training still has a place to play here." Email and other elements of software infrastructure offer built-in fundamental security that largely guarantees we are not in danger until we ourselves take action," Tyson writes. Get a look at THREE NEW FEATURES and see how easy it is to train and phish your users.