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

DLA Piper Privacy Matters

The Draft Measures regulate the processing of electronic data collected and generated during the course of business activities that are under the supervision and management of PBOC (“ Regulated Data ”). Regular training and periodic audits shall be conducted to ensure the effectiveness of data security measures in place.

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Risk Management under the DORA Regulation

IT Governance

Perhaps even more concerning to EU lawmakers is how dependent society at large is on banking and other financial services. In turn, financial institutions heavily depend on ICT to be able to provide those services to begin with. That really shouldn’t surprise us – these are lucrative targets for cyber criminals.

Risk 104
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Catches of the Month: Phishing Scams for October 2023

IT Governance

EvilProxy phishing campaign targets Microsoft 365 accounts via indeed.com A phishing campaign identified by Menlo Security has been targeting senior executives in various industries – most notably banking and financial services, property management and real estate, and manufacturing – since July.

Phishing 105
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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 breach of a CFO’s home smart speaker Through the course of 2020, IoT-enabled attacks have manifested new wrinkles. And we’re just getting started.

IoT 279
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How Long Should I Keep This Business Record For?

AIIM

Too often I hear one of two, equally bad answers: Keep Records for Seven years: This seems to be the de facto answer, especially for financial services records. Internal Revenue Service rules around when they can audit individual and corporate tax returns. As near as I can tell, this comes from the U.S. And they will!

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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? We also offer a more detailed Phishing Staff Awareness Course.

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How to Prevent Data Breaches: Data Breach Prevention Tips

eSecurity Planet

Jump ahead to: Prioritize Data Protection Document Your Response Process Make Users Part of the Process Understand Business Context Be Thorough Proactively Collect and Organize Data Don’t Forget Network Analysis Train and Drill Enlist Outside Help Go on the Offensive 1. See the Top Cybersecurity Employee Training Programs 4.