Armstrong Archives

DECEMBER 18, 2023

This reality has made data security increasingly important, requiring a sea change in the way companies handle their documents. We have decades of experience in the safe storage, scanning, and shredding of our clients’ important documents. What paperwork do I need to keep: How do you know which documents to keep or shred?

Archiving 52

Archiving Paper Records Management Compliance 52

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

Security Affairs

MARCH 17, 2020

Security experts from vpnMentor have discovered two corporate finance companies that leak half a million legal and financial documents online. vpnMentor experts uncovered a database exposed online on Amazon Web Services (AWS) that is leaking a huge amount of sensitive legal and financial documents.

Financial Services 110

Financial Services Access Privacy Security 110

Security Affairs

DECEMBER 22, 2023

The Akira ransomware gang claimed to have breached Nissan Australia and to have stolen around 100GB of files from the carmaker giant. The company refused to pay the ransom and the ransomware gang threatened to leak the alleged stolen documents, including project data, clients’ and partners’ info, and NDAs.

Ransomware 125

Ransomware Data breaches Financial Services Archiving 125

Thales Cloud Protection & Licensing

SEPTEMBER 18, 2023

Virtually every major financial institution, retailer, and scores of payment processors have been the victims of data breaches, incurring both financial and reputational damage. According to the 2022 Thales Data Threat Report – Financial Services Edition , 52% of U.S. Requirement 12.5

Compliance 77

Compliance Financial Services Data breaches Encryption 77

Krebs on Security

JULY 23, 2020

The documents were available without authentication to anyone with a Web browser. According to a filing (PDF) by the New York State Department of Financial Services (DFS), the weakness that exposed the documents was first introduced during an application software update in May 2014 and went undetected for years. .

Insurance 289

Insurance Financial Services Mining Access 289

The Last Watchdog

JULY 11, 2023

This includes scanning all materials, such as investor onboarding documents and communication. Real-time antivirus scanning enhances the security of investor data by providing immediate protection against known and emerging threats. Implement strong data encryption. Prioritize continuous threat detection.

IT 189

IT Encryption Risk Financial Services 189

Rippleshot

SEPTEMBER 14, 2017

The massive Equifax data breach that’s making national headlines is estimated to impact nearly half of the U.S. While most of the news centers on the consumer identity theft impact, the real story in the financial services ecosystem is what this hack will cost banks, credit unions and issuers. Let’s start with the basics.

Data breaches 49

Data breaches Financial Services Personal data Security 49

Data Matters

JANUARY 25, 2018

United Shore Financial Services, LLC , the plaintiff filed a putative class action against United Shore Financial Services (United Shore) and Xerox Mortgage Services, Inc. But, citing attorney-client privilege, United Shore withheld hundreds of documents relevant to the forensic firm’s investigation.

Data breaches 60

Data breaches Communications Financial Services Privacy 60

Security Affairs

SEPTEMBER 5, 2021

The bank was hit by AVOS Locker Ransomware operators who claim to have stolen sensitive documents from the financial institution. “Pacific City Bank provides outstanding banking and financial services for businesses and consumers. . “If they refuse to negotiate, we will leak all the data we’ve got.

Ransomware 120

Ransomware Financial Services Archiving Security 120

Security Affairs

APRIL 8, 2020

The drug testing firm Hammersmith Medicines Research LTD (HMR), which performs live trials of Coronavirus vaccines, discloses a data breach. ” reads the data breach notification published by the company. The research firm revealed that many of the government IDs exposed in the data breach have since expired.

Ransomware 102

Ransomware Data breaches Encryption Financial Services 102

Security Affairs

AUGUST 7, 2019

The American group of insurance and financial services companies State Farm disclosed a credential stuffing attack it has suffered in July. The American group of insurance and financial services companies State Farm revealed that it was the victim of a credential stuffing attack it has suffered in July.

Insurance 85

Insurance Data breaches Financial Services Passwords 85

Data Protection Report

JUNE 14, 2022

The federal Personal Information Protection and Electronic Documents Act ( PIPEDA ) requires organizations to keep a record of all breaches involving personal information. Legal Obligations. Private-sector privacy statutes have varying obligations regarding maintaining records of privacy incidents. Procedural Considerations.

Privacy 52

Privacy Data breaches Compliance Financial Services 52

Krebs on Security

JANUARY 25, 2022

The reader who shared this story (and copious documentation to go with it) asked to have his real name omitted to avoid encouraging further attacks against his identity. Then in mid-January, Jim heard from MSF via snail mail that they’d discovered a data breach. So we’ll just call him “Jim.”

Financial Services 210

Financial Services IT Data breaches Authentication 210

IT Governance

NOVEMBER 23, 2023

The public data set on the ICO (Information Commissioner’s Office) website shows that data security isn’t necessarily better for financial organisations. In fact, in 2020–2022, the financial sector was the second-most attacked sector, topped only by the retail and manufacturing sector. million (about £4.70

Risk 104

Risk Data breaches Authentication Financial Services 104

Security Affairs

JUNE 11, 2021

These included logins for social media, online games, online marketplaces, job-search sites, consumer electronics, financial services, email services, and more. Experts found over 650,000 Word documents and.pdf files in the archive. More than 1 million images have been stolen by the malware, including 696,000.png

Computer and Electronics 113

Computer and Electronics Archiving Encryption Passwords 113

erwin

DECEMBER 20, 2018

From rules regarding active consent, data processing and the tricky “right to be forgotten” to required procedures for notifying afflicted parties of a data breach and documenting compliance, GDPR introduces a lot of complexity. The Top Five Data Governance Use Cases and Drivers. Data Governance 2.0

Government 40

Government Financial Services GDPR Data breaches 40

eSecurity Planet

NOVEMBER 17, 2022

Unpatched vulnerabilities are at fault in anywhere from a third to more than half of all data breaches, depending on the study, so it’s natural to wonder why organizations don’t do a better job of patch management. How to build in that cyber resiliency was the focus of a number of talks at the conference. Patching Is Hard.

Cloud 128

Cloud Ransomware Encryption Cybersecurity 128

The Last Watchdog

JANUARY 30, 2019

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Risk 147

Risk Financial Services Insurance Cybersecurity 147

IT Governance

AUGUST 26, 2021

For example, financial services firms may be worried about employees breaching insider trading laws. Although monitoring software comes with understandable privacy issues, remember that the GDPR (General Data Protection Regulation) doesn’t prohibit their use. Preventing data breaches.

Compliance 119

Compliance Data breaches Privacy Risk 119

eSecurity Planet

AUGUST 9, 2022

GDPR, the EU’s flagship data privacy and “right to be forgotten” regulation, has made the stakes of a data breach higher than ever. Thus, it can be difficult for even small enterprises to keep up with information security and data privacy compliance. In the U.S.,

Data Privacy 145

Data Privacy Compliance Privacy Security 145

Data Protection Report

APRIL 22, 2021

On April 14, 2021, the New York Department of Financial Services (NYDFS) announced a $3 million settlement with insurance company National Securities Corp. A threat actor gained access to an employee’s document management system account. NYDFS Cybersecurity Regulation. The second incident occurred in March of 2019.

Cybersecurity 94

Cybersecurity Financial Services Phishing Compliance 94

Security Affairs

APRIL 20, 2023

ICICI Bank leaked millions of records with sensitive data, including financial information and personal documents of the bank’s clients. A misconfiguration of the bank systems exposed millions of records with sensitive data. Cybernews contacted ICICI Bank and CERT-IN, and the company fixed the issue.

Personal data 97

Personal data Phishing Risk Financial Services 97

Security Affairs

JANUARY 27, 2022

Onfido, a London-based company, offers photo-based IDV services for businesses. Financial service providers, car rentals, and many other suppliers that need to confirm customer identities employ similar third-party services. First, the verification process requires customers to take a photo of their ID document.

Personal data 86

Personal data Phishing Data breaches Passwords 86

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.,

Privacy 84

Privacy GDPR Data breaches Risk 84

Security Affairs

APRIL 6, 2023

Data leak affected QBANK, Defence Bank, Bloom Money, Admiral Money, MA Money, and Reed. Using leaked data, threat actors could potentially breach banks’ backend infrastructure and consequently the infrastructure of their clients. IDKit verifies users by linking their faces to their identity documents.

IT 85

IT Financial Services Access Risk 85

Shoreline Records Management

AUGUST 21, 2023

Medical Records Custodian services, which have become increasingly prevalent in the digital age, must adhere to HIPAA’s rigorous standards to prevent unauthorized access, data breaches, and inadvertent disclosure. Documents that have outlived their mandated retention period must be organized and securely disposed of.

Records Management 26

Records Management Paper Compliance Access 26

IBM Big Data Hub

JANUARY 15, 2024

They diverted money and resources to establish powerful tele-health services like video conferencing and enhance patient access to health records. But doing so required a significant investment in data protection and cybersecurity enhancements as a data breach containing sensitive medical information could be catastrophic.

Digital transformation 75

Digital transformation Customer Experience Artificial Intelligence IoT 75

Data Matters

AUGUST 5, 2019

On July 25, 2019, Governor Cuomo signed the two bills into law, one which amended the state’s data breach notification law, and another that created additional obligations for data breaches at credit reporting agencies. The Identity Theft Prevention and Mitigation Services Act. codified at N.Y.

Cybersecurity 68

Cybersecurity Data breaches Privacy Risk 68

Data Matters

APRIL 20, 2021

This development indicates that sponsors and fiduciaries may soon be subject to focused scrutiny over their cybersecurity practices in DOL investigations and adds to the multiple existing sources of cybersecurity legal risk in the wake of data breaches or insufficient cybersecurity controls.

Cybersecurity 68

Cybersecurity Insurance Risk Compliance 68

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.,

Privacy 52

Privacy GDPR Data breaches Risk 52

Security Affairs

DECEMBER 4, 2018

A recent report found 50 percent of all data breaches in the U.S. Research from Gemalto found 70 percent of people would stop doing business with companies that suffer data breaches. Financial Services. Plus, cybercrime problems could take websites offline or cause reputational damage.

Retail 88

Retail Cybersecurity Data breaches Risk 88

Security Affairs

JULY 12, 2019

Later, a document released by RemixPoint, confirmed that hackers stole funds from both of its “hot” and “cold” wallets. “The hacks have prompted greater oversight of crypto exchanges by Japan’s Financial Services Agency but critics says security gaps remain.”

Financial Services 87

Financial Services Security IT Data breaches 87

Adam Levin

NOVEMBER 30, 2018

If you prefer a more laid back approach, sign up for free transaction alerts from financial services institutions and credit card companies, or subscribe to a credit and identity monitoring program, 3. Monitor your accounts. Check your credit report every day, keep track of your credit score, review major accounts daily if possible.

Financial Services 66

Financial Services Encryption Passwords Communications 66

ARMA International

APRIL 18, 2022

The purpose of this article is to remove the fear and intimidation of domestic and global data protection laws and show how these laws and requirements are consistent with the existing objectives of your records retention schedule and information governance policy. Making the Records Retention Schedule Compliant with Data Protection Laws.

Personal data 100

Personal data GDPR Privacy Records Management 100

Adam Levin

SEPTEMBER 5, 2019

Don’t authenticate yourself to anyone unless you are in control of the interaction, don’t over-share on social media, be a good steward of your passwords, safeguard any documents that can be used to hijack your identity, and freeze your credit. Monitor your accounts.

Mining 79

Mining Authentication Financial Services Privacy 79

HL Chronicle of Data Protection

MAY 13, 2019

Major data breaches in recent years are spurring state legislators and regulators across the US into action. The NYDFS Cybersecurity Regulation requires covered entities – banks, insurance companies, and other financial services institutions – to implement a wide range of practices to manage cybersecurity risk.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40