Data Matters

AUGUST 19, 2020

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

Financial Services 68

Financial Services Cybersecurity Insurance Risk 68

Data Matters

JANUARY 28, 2022

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.

Cybersecurity 157

Cybersecurity Financial Services Authentication Government 157

Security Affairs

JUNE 15, 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. law enforcement).

Ransomware 92

Ransomware Cybersecurity Agriculture Education 92

Thales Cloud Protection & Licensing

NOVEMBER 20, 2023

Black Friday and Cyber Weekend: Navigating the Tumultuous Waters of Retail Cybersecurity sparsh Tue, 11/21/2023 - 05:01 As global consumers gear up for the much-anticipated shopping bonanza that is Black Friday and Cyber Weekend, retailers brace themselves for the frenzied onslaught of shoppers and the deluge of cyber threats lurking in the shadows.

Retail 83

Retail Cybersecurity Financial Services Encryption 83

Hunton Privacy

JANUARY 24, 2018

On January 22, 2018, the New York Department of Financial Services (“NYDFS”) issued a press release reminding entities covered by its cybersecurity regulation that the first certification of compliance with the regulation is due on or prior to February 15, 2018.

Financial Services 58

Financial Services Cybersecurity Compliance Insurance 58

Security Affairs

NOVEMBER 20, 2021

banking regulators have approved a new rule that orders banks to notify federal regulators of significant cybersecurity incidents within 36 hours. banking regulators this week approved a rule that obliges banks to report any major cybersecurity incidents to the government within 36 hours of discovery. Pierluigi Paganini.

Cybersecurity 124

Cybersecurity Financial Services Insurance Ransomware 124

The Last Watchdog

SEPTEMBER 21, 2022

Yet, with all these changes, the specter of security breaches remains high. This explains the rise and popularity of Zero Trust as a framework for securing networks in these new realities as an effective tool to drive cybersecurity initiatives within the entire enterprise. and Eastern Europe, which favor public cloud.

Cybersecurity 201

Cybersecurity Digital transformation Cloud Financial Services 201

IBM Big Data Hub

NOVEMBER 7, 2023

Recent advances in areas like AI and quantum computing offer transformative potential for businesses, but may also bring new risks and security challenges. IBM is working to address these challenges and evolving threats by helping organizations support highly secure, resilient and durable storage through technology like Cloud Object Storage.

Cloud 86

Cloud Financial Services Security Compliance 86

Hunton Privacy

JULY 1, 2022

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.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

Thales Cloud Protection & Licensing

DECEMBER 20, 2023

2024 Tech and Cybersecurity Forecast: Navigating New Frontiers in Business madhav Thu, 12/21/2023 - 05:15 People always want to comprehend what the future brings. 2024 promises to be a pivotal year, bringing transformative advancements and new challenges in tech and cybersecurity. This necessitates a shift in cybersecurity strategies.

Cybersecurity 83

Cybersecurity Blockchain Artificial Intelligence Encryption 83

Data Matters

FEBRUARY 10, 2021

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. Lacewell stated that cybersecurity is the biggest risk for government and private organizations and described how the Framework is based on “extensive dialogue with industry and experts.”. Obtain Cybersecurity Expertise.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

eSecurity Planet

FEBRUARY 11, 2022

As data and IT infrastructure become more valuable by the day, cybersecurity risk management is increasingly important for enterprises with a steep cost for noncompliance or extensive, unaddressed vulnerabilities. What is Cybersecurity Risk Management? Also read : Top Governance, Risk, and Compliance (GRC) Tools for 2022.

Risk 121

Risk Cybersecurity Encryption Access 121

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. This means actively minimizing downtime and closing gaps in the supply chain to remain competitive.

Cloud 80

Cloud Financial Services Risk Business Services 80

Security Affairs

DECEMBER 26, 2023

Cybersecurity company Resecurity has published the 2024 Cyber Threat Landscape Forecast. Resecurity, a Los Angeles-based cybersecurity company protecting Fortune 100 and government agencies worldwide, has compiled a comprehensive forecast outlining the imminent threats and novel security challenges anticipated in the upcoming year.

Energy and Utilities 118

Energy and Utilities Artificial Intelligence Ransomware Data breaches 118

Data Protection Report

JANUARY 18, 2024

On January 3, 2024, the New York Department of Financial Services announced a consent order with GGT, where GGT agreed to pay NYDFS $8 million and to surrender its BitLicense (for cryptocurrency trading), due to alleged violations of NYDFS’ cybersecurity and its virtual currency regulations.

Cybersecurity 109

Cybersecurity Financial Services Compliance Encryption 109

IBM Big Data Hub

DECEMBER 14, 2023

A cybersecurity strategy is not solely about managing risk across a business’ IT infrastructure.   When done correctly, cybersecurity can be a strategic initiative that supports product capability, organizational effectiveness and customer relationships. . 

Cloud 91

Cloud Security Data breaches Cybersecurity 91

Security Affairs

DECEMBER 17, 2023

Every week the best security articles from Security Affairs are free for you in your email box. A new round of the weekly SecurityAffairs newsletter arrived! Enjoy a new round of the weekly SecurityAffairs newsletter, including the international press.

Security 82

Security Data breaches Ransomware Artificial Intelligence 82

eSecurity Planet

AUGUST 9, 2022

Regulatory compliance and data privacy issues have long been an IT security nightmare. GDPR (among other legal requirements in the EU and elsewhere) can expose multinational organizations to hefty financial penalties, additional rules for disclosing data breaches, and increased scrutiny of the adequacy of their data security.

Data Privacy 137

Data Privacy Compliance Privacy Security 137

Data Matters

JUNE 24, 2021

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.

Cybersecurity 68

Cybersecurity Financial Services Risk Compliance 68

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 87

Government Military Financial Services IT 87

Data Protection Report

APRIL 23, 2024

He noted that whilst the growing emergence of Big Tech in financial services has already made life easier for consumers, it remains unclear how valuable their data will become in financial markets. cybersecurity, financial stability, interconnectedness, data concerns or market integrity).

Financial Services 44

Financial Services IT Marketing Retail 44

Security Affairs

JUNE 20, 2023

Data-centric distributed resilience (DDR) offers a compelling approach to addressing data sovereignty in cybersecurity. Those who fail to take a proactive approach to secure their data often learn the hard way how vulnerable – and valuable – that data can be.

Compliance 87

Compliance Cybersecurity Risk Encryption 87

IBM Big Data Hub

DECEMBER 18, 2023

For organizations of all types—and especially those in highly regulated industries such as financial services, government, healthcare and telco—considerations including the rise of generative AI, evolving regulations and data sovereignty laws and ongoing security challenges must be top of mind.

Cloud 69

Cloud Financial Services Compliance Digital transformation 69

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 73

Cybersecurity Risk Financial Services Retail 73

IT Governance

NOVEMBER 13, 2023

On 14 September, Mulkay discovered that the compromised files contained personal information, including “name, address, date of birth, Social Security number, driver’s license number or state ID, medical treatment information, and health insurance information”. Some patients also had their Social Security numbers exposed.”

Data Privacy 85

Data Privacy Privacy Security Data breaches 85

IBM Big Data Hub

FEBRUARY 22, 2024

IBM’s Enterprise Cloud for Regulated Industries Building on our expertise working with enterprise clients in industries such as financial services, government, healthcare and telco, we saw the need for a cloud platform designed with the unique needs of these heavily regulated industries in mind.

Cloud 79

Cloud Computer and Electronics Compliance Financial Services 79

HL Chronicle of Data Protection

JULY 15, 2019

Hogan Lovells announced today that Peter Marta , the former global head of Cybersecurity and Global Security and Investigations Legal for JPMorgan Chase and Co., has joined our Privacy and Cybersecurity practice as a partner. Pete is an established leader in the banking and financial services sectors.

Cybersecurity 40

Cybersecurity Privacy Financial Services Government 40

Krebs on Security

FEBRUARY 9, 2023

Department of the Treasury says the Trickbot group is associated with Russian intelligence services, and that this alliance led to the targeting of many U.S. companies and government entities. Also charged with treason was Ruslan Stoyanov , then a senior employee at Russian security firm Kaspersky Lab [the Forbes.ru

Ransomware 185

Ransomware Government Cybersecurity Blockchain 185

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 89

Ransomware Financial Services Manufacturing Phishing 89

Krebs on Security

JUNE 18, 2021

In May 2019, KrebsOnSecurity broke the news that the website of mortgage settlement giant First American Financial Corp. NYSE:FAF ] was leaking more than 800 million documents — many containing sensitive financial data — related to real estate transactions dating back 16 years. First American Financial Corp.

Insurance 265

Insurance Risk Financial Services Mining 265

The Last Watchdog

DECEMBER 6, 2018

And, in doing so, the IC has developed an effective set of data handling and cybersecurity best practices. Businesses at large would do well to model their data collection and security processes after what the IC refers to as the “intelligence cycle.” Related video: Using the NIST framework as a starting point.

Security 126

Security Financial Services Manufacturing Data collection 126

IT Governance

OCTOBER 13, 2023

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.

Phishing 105

Phishing Financial Services Manufacturing Personal data 105

Security Affairs

MAY 30, 2019

Chinese Cyber-Spies Target Government Organizations in Middle East. Chinese APT group Emissary Panda has been targeting government organizations in two different countries in the Middle East. defense contractors , financial services firms, and a national data center in Central Asia.

Government 65

Government Financial Services Security Cybersecurity 65

eSecurity Planet

NOVEMBER 17, 2022

The conference’s focus on cyber resilience doesn’t mean that organizations should abandon core security defenses like EDR , access control and firewalls , but they should be prepared for the advanced threats that will, at some point, get past them. ” Sounil Yu: Lack of security response & recovery products.

Cloud 108

Cloud Ransomware Encryption Cybersecurity 108

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 3: personal financial information.

Compliance 111

Compliance Security Financial Services Data collection 111

eSecurity Planet

SEPTEMBER 10, 2021

From the very beginning of the cloud computing era, security has been the biggest concern among enterprises considering the public cloud. In addition, 95 percent of survey respondents confirmed that they are extremely to moderately concerned about public cloud security. What is cloud security?

Cloud 101

Cloud Security Encryption Risk 101

The Last Watchdog

SEPTEMBER 10, 2019

That experiment conducted by a reporter for The Atlantic crystalizes the seemingly intractable security challenge businesses face today. And in a double-whammy, the efficacy of legacy cybersecurity defenses — which were deployed, at great expense, mainly to protect on-premises data centers – by many measures is rapidly eroding.

Cloud 123

Cloud Security Digital transformation Financial Services 123