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2024 Cybersecurity Laws & Regulations

eSecurity Planet

Understanding and adhering to cybersecurity regulations is crucial for any organization as cyber threats evolve and become more sophisticated. The landscape of cybersecurity laws and regulations today is set to undergo significant changes, impacting businesses, government entities, and individuals alike.

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NYDFS Imposes Fine of $5 Million on Carnival for Cybersecurity Breaches

Hunton Privacy

On June 24, 2022, the New York State Department of Financial Services (“NYDFS” or the “Department”) announced it had entered into a $5 million settlement with Carnival Corp. Since Carnival was licensed by the Department to sell insurance in NY State, it was treated as a covered entity under the Cybersecurity Regulation.

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U.S. and Foreign Cybersecurity and Intelligence Agencies Recommend Measures to Counteract Threat of Russian Cyberattacks

Data Matters

The advisory was promptly endorsed by the National Cyber Security Centre, a division of Government Communications Headquarters (“GCHQ”), a UK intelligence agency. government, especially in light of ongoing tensions between the U.S. Like an incident response plan, MFA has become a critical element of cybersecurity programs.

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GUEST ESSAY: Massive NPD breach tells us its high time to replace SSNs as an authenticator

The Last Watchdog

Online credit bureaus, like Equifax, Experian, and TransUnion, often see an uptick in new users after breaches because consumers realize the potential risks to their financial well-being and identity. Governments can create a digital identity at birth to replace SSN in its current use. That identity is tied to specific vendors.

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SEC Announces Settled Charges Against First American for Cybersecurity Disclosure Controls Failures – Lessons Learned

Data Matters

On June 15, 2021, the SEC announced settled charges against First American Title Insurance Company (First American) for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information. This resolution highlights the SEC’s continued focus on cybersecurity.

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The Relevance of Privacy-Preserving Techniques and Generative AI to DORA Legislation

Thales Cloud Protection & Licensing

It aims to ensure that financial institutions, ranging from banks to payment processors, can manage and mitigate risks associated with information and communication technology. Key areas covered by DORA include incident reporting, regular ICT risk assessments, third-party risk management, and maintaining robust governance frameworks.

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Improve your data relationships with third parties

Collibra

Seizing an opportunity to improve data relationships with third parties. Regulators are focusing on the data relationships financial services organizations have with third parties, including how well personal information is being managed. Exploring third party data relationship risk.