IBM Big Data Hub

MARCH 20, 2024

For highly regulated industries, these challenges take on an entirely new level of expectation as they navigate evolving regulatory landscape and manage requirements for privacy, resiliency, cybersecurity, data sovereignty and more. Read to learn more about cloud adoption within financial services?

Cloud 80

Cloud Financial Services Risk Business Services 80

Security Affairs

MAY 24, 2023

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against four entities and one individual for their role in malicious cyber operations conducted to support the government of North Korea. ” reads the announcement. correspondent or payable-through account sanctions.”

Government 85

Government Military Financial Services IT 85

IBM Big Data Hub

NOVEMBER 7, 2023

Securing sensitive data in an evolving landscape Advancements like those in AI and quantum computing can pose new challenges to customers, especially those in highly regulated industries such as financial services, healthcare, telecommunications and more.

Cloud 86

Cloud Financial Services Security Compliance 86

Data Protection Report

MAY 25, 2022

In this article we distil critical lessons from the Federal Court’s recent decision in Australian Securities and Investments Commission v RI Advice Group Pty Ltd [1] and practical actions to be taken by Boards and executive management. Lesson 1 – Context is everything.

Cybersecurity 75

Cybersecurity Risk Financial Services Retail 75

Security Affairs

DECEMBER 2, 2022

Dollars (USD) and received more than $60 million in ransom payments from over 100 victims worldwide as of August 2022, the US government states. entities Financial Services, Government Facilities, Healthcare and Public Health, Critical Manufacturing, and Information Technology. ” reads the report.

Ransomware 88

Ransomware Financial Services Manufacturing Phishing 88

Krebs on Security

JUNE 18, 2021

. “That statement demonstrated that First American’s senior management was not properly informed of the prior report of a vulnerability and a failure to remediate the problem,” wrote Michael Volkov , a 30-year federal prosecutor who now runs The Volkov Law Group in Washington, D.C. “That’s a high-risk vulnerability.

Insurance 281

Insurance Risk Financial Services Mining 281

Krebs on Security

JANUARY 25, 2022

MSF said the personal information involved in this incident may have included name, date of birth, government-issued identification numbers (e.g., 14, 2022 breach notification letter from tribal lender Mountain Summit Financial. According to Buckley LLP , a financial services law firm based in Washington, D.C.,

Financial Services 219

Financial Services IT Data breaches Authentication 219

Security Affairs

JUNE 16, 2023

According to a joint advisory published by cybersecurity agencies, the LockBit ransomware group has successfully extorted roughly $91 million in about 1,700 attacks against U.S. 16% of the State, Local, Tribal, and Tribunal (SLTT) government ransomware incidents reported to the MS-ISAC is 2022 were LockBit attacks.

Ransomware 89

Ransomware Agriculture Education Government 89

Data Matters

JANUARY 2, 2018

This past year was marked by ever more significant data breaches, growing cybersecurity regulatory requirements at the state and federal levels and continued challenges in harmonizing international privacy and cybersecurity regulations. We expect each of these trends to continue in 2018.

Cybersecurity 68

Cybersecurity Privacy Data breaches GDPR 68

Hunton Privacy

OCTOBER 28, 2015

754 – Cybersecurity Information Sharing Act of 2015 (“CISA”) by a vote of 74 to 21. CISA is intended to facilitate and encourage the sharing of Internet traffic information between and among companies and the federal government to prevent cyber attacks, by giving companies legal immunity from antitrust and privacy lawsuits.

Cybersecurity 49

Cybersecurity Privacy Financial Services Government 49

Security Affairs

MARCH 19, 2022

The Federal Bureau of Investigation (FBI) published a joint cybersecurity advisory warning of AvosLocker ransomware attacks targeting multiple US critical infrastructure. The advisory was published in coordination with the US Treasury Department and the Financial Crimes Enforcement Network (FinCEN). Consider installing and using a VPN.

Ransomware 102

Ransomware Passwords Encryption Financial Services 102

Security Affairs

DECEMBER 17, 2023

CISA and ENISA enhance their Cooperation CISA adds Qlik bugs to exploited vulnerabilities catalog Report: 2.6 CISA and ENISA enhance their Cooperation CISA adds Qlik bugs to exploited vulnerabilities catalog Report: 2.6

Security 84

Security Data breaches Ransomware Artificial Intelligence 84

Security Affairs

OCTOBER 6, 2021

Agent Tesla , first discovered in late 2014, is an extremely popular “malware-as-a-service” Remote Access Trojan (RAT) tool used by threat actors to steal information such as credentials, keystrokes, clipboard data and other information from its operators’ targets.

Financial Services 137

Financial Services Retail Education Information Security 137

Data Matters

DECEMBER 16, 2019

Kate has strong experience involving complex privacy and data security matters and represents several large, multinational companies, as well as startups, in the healthcare, technology and financial services sectors, among others. Kate is a member of the firm’s Privacy and Cybersecurity, Healthcare, and Commercial Litigation groups.

Energy and Utilities 78

Energy and Utilities Privacy Financial Services Data Privacy 78

DLA Piper Privacy Matters

APRIL 20, 2021

This introduces a data lifecycle security framework, and represents the key guideline for handling personal and other financial information by financial institutions (i.e. similar to the PIS Specification, but focused on the banking and financial services industry). Level 1: public data.

Compliance 111

Compliance Security Financial Services Data collection 111

IT Governance

NOVEMBER 13, 2023

According to BleepingComputer , the ALPHV/BlackCat ransomware group took responsibility for an attack on McLaren’s network on 4 October. The post The Week in Cyber Security and Data Privacy: 6 – 12 November 2023 appeared first on IT Governance UK Blog. In the meantime, if you missed it, check out last week’s round-up.

Data Privacy 85

Data Privacy Privacy Security Data breaches 85

Data Protection Report

DECEMBER 23, 2019

This blogpost summarises our recent webinar: “ An urgent message from Berlin: The importance of record retention in privacy and cybersecurity ”. Likewise, the New York State Department for Financial Services regulations requires relevant entities to have appropriate record retention policies and procedures. In the U.S.,

Privacy 144

Privacy Compliance Personal data Risk 144

Data Matters

OCTOBER 8, 2020

According to OFAC, ransomware attacks have been increasing over the last two years and are a special risk during the COVID-19 pandemic, with cybercriminals targeting not only large corporations but also small to medium enterprises, hospitals, schools, and local government agencies. Since 2015, the U.S. Notable sanctions designations include.

Ransomware 68

Ransomware Compliance Risk Government 68

DLA Piper Privacy Matters

JULY 30, 2019

From the bad guy’s perspective, why hack one organization directly when you can hit a service provider with potentially weaker defenses and the sensitive data of many organizations? Do “reasonable” cybersecurity controls extend to third parties? What’s the fallout from a service provider breach?

Data breaches 45

Data breaches Cybersecurity Financial Services Risk 45

Data Protection Report

DECEMBER 23, 2019

This blogpost summarises our recent webinar: “ An urgent message from Berlin: The importance of record retention in privacy and cybersecurity ”. Likewise, the New York State Department for Financial Services regulations requires relevant entities to have appropriate record retention policies and procedures. In the U.S.,

Privacy 52

Privacy Compliance Personal data Risk 52

Data Protection Report

JANUARY 6, 2020

The New York State Department for Financial Services regulations require covered entities to have appropriate record retention policies and procedures and the CCPA provides an extra incentive to implement proper information governance to minimise the costs data access requests. In the U.S., Be one step ahead.

Privacy 85

Privacy GDPR Data breaches Risk 85

KnowBe4

MARCH 28, 2023

A leader tasked with cybersecurity can get ahead of the game by understanding where we are in the story of machine learning (ML) as a hacking tool," Tyson writes. "At At present, the most important area of relevance around AI for cybersecurity is content generation. He doesn't just cover one angle. He covers it from all angles!

Phishing 86

Phishing Security awareness Insurance Cybersecurity 86

Data Matters

APRIL 11, 2022

Once finalized, it will be enacted by the State Council (China’s central government) as an “administrative regulation”, which is subordinate to the national laws (e.g., the CSL, the DSL and the PIPL) but prevails over all other sectorial and local regulations.

Military 88

Military Artificial Intelligence Security Financial Services 88

Data Matters

DECEMBER 16, 2019

Kate has strong experience involving complex privacy and data security matters and represents several large, multinational companies, as well as startups, in the healthcare, technology and financial services sectors, among others. Kate is a member of the firm’s Privacy and Cybersecurity, Healthcare, and Commercial Litigation groups.

Energy and Utilities 15

Energy and Utilities Privacy Financial Services Data Privacy 15

Data Matters

FEBRUARY 25, 2021

Further, the FCA has confirmed its position set out in the Temporary COVID Guidance that it expects the senior management or governing body of an EMI or PI to document, review, and approve — at least annually — the design and results of the firm’s stress testing. not to include uncommitted intragroup liquidity facilities.

Authentication 68

Authentication Paper Risk Insurance 68

KnowBe4

FEBRUARY 14, 2023

I talk often about the back-and-forth that exists between cybercriminal groups and security vendors. The Financial Services and TMT (Technology, Media, and Telecom) industries have been in the top spots for reporting at least one cyber attack for the last three years, with Energy also appearing in the top three for the last two years.

Phishing 83

Phishing Security awareness Compliance Risk 83

Data Protection Report

JANUARY 6, 2020

The New York State Department for Financial Services regulations require covered entities to have appropriate record retention policies and procedures and the CCPA provides an extra incentive to implement proper information governance to minimise the costs data access requests. In the U.S., Be one step ahead.

Privacy 52

Privacy GDPR Data breaches Risk 52

eSecurity Planet

FEBRUARY 16, 2021

Ransomware attacks increased by 130% in 2020 ( Beazley Group ). Only 38% of state and local government employees are trained for ransomware prevention, and only 29% of small businesses have experience with ransomware ( IBM ). Healthcare and financial services are the most attacked industries. Statistics.

Ransomware 97

Ransomware Encryption Insurance Cloud 97

eSecurity Planet

JANUARY 24, 2024

For teams in industries like financial services, healthcare, and government, the more specific the access rule, the better. These include specifying details for firewall rules, managing rules in groups, and making rules readable, sufficiently secure, and collaborative with other rules.

Access 108

Access Financial Services Compliance Security 108

The Last Watchdog

MAY 26, 2022

When these computers come online, any company or federal agency that is not upgraded to post-quantum cybersecurity will leave its data vulnerable to attackers. It is now more important than ever for companies to share cyberattack and ransomware data with the government to ensure that we can defend and prepare much better than before.

Ransomware 305

Ransomware Government Agriculture Encryption 305

Data Matters

APRIL 23, 2018

Recent guidance from the Securities and Exchange Commission (SEC) on disclosure and enforcement actions by the Federal Trade Commission (FTC) make clear that cybersecurity is no longer a niche topic, but a concern significant enough to warrant the oversight of corporate boards of directors. Creating an enterprise-wide governance structure.

Cybersecurity 60

Cybersecurity Risk Passwords Authentication 60

Data Matters

NOVEMBER 22, 2021

On November 18, 2021, a group of federal bank regulators announced a final rule requiring banks to notify their primary federal regulator of any “significant computer-security incidents.” Further, bank service providers are now required to promptly notify all affected banks whenever a cybersecurity disruption lasts for four or more hours.

Cybersecurity 117

Cybersecurity Insurance Financial Services Marketing 117

The Last Watchdog

FEBRUARY 25, 2019

based supplier of identity access management (IAM) systems, which recently announced a partnership with Omada, a Copenhagen-based provider of identity governance administration (IGA) solutions. Governance and attestation quickly became a very big deal. Compliance became a huge driver for governance and attestation,” Curcio said. “It

Access 169

Access Government Authentication Data breaches 169

Data Matters

MARCH 23, 2020

The most significant level involvement arises when a bank contracts to use the services of a data aggregator to populate information into bank products and services. Banks may also rely on pooled audit reports created specifically for a customer group of a particular service provider.

Risk 68

Risk Cloud Compliance Marketing 68

eSecurity Planet

JANUARY 27, 2022

As threats mount from ransomware gangs , Russian-backed hacker groups , and other nation-sponsored attackers and as the growth in remote work makes security management increasingly complicated, many companies are finding it makes sense to turn to a managed security service provider (MSSP) for help with handling an extremely complex threat landscape.

Security 108

Security Cloud Compliance Analytics 108

The Last Watchdog

JUNE 28, 2021

Related: Reaction to Biden ‘s cybersecurity executive order. Microsoft said it notified the targeted 150 organizations, which included “IT companies (57%), followed by government (20%), and smaller percentages for non-governmental organizations and think tanks, as well as financial services.”

Phishing 214

Phishing Passwords Authentication Financial Services 214

IT Governance

JANUARY 16, 2024

Source 1 ; source 2 (Update) Professional services USA Yes 56,457 Highlands Oncology Group Source 1 ; source 2 ; source 3 (Update) Healthcare USA Yes 55,297 Charm Sciences, Inc. Drug Mart Source 1 ; source 2 (Update) Healthcare USA Yes 36,749 Elliott Group Source (New) Manufacturing USA Yes 31.5

Data Privacy 52

Data Privacy Privacy Manufacturing Retail 52