Remove Data breaches Remove Document Remove Financial Services Remove Government
article thumbnail

NYDFS releases major update to Part 500 cybersecurity requirements for financial services companies

Data Protection Report

On November 1, 2023, the New York Department of Financial Services (“NYDFS”) released the finalized amendments of Part 500 of its cybersecurity regulations. The Amendment also includes new governance requirements and responsibilities applicable to the CISO of all covered entities.

article thumbnail

Choosing to Store, Scan, or Shred Your Documents: A Comprehensive Guide

Armstrong Archives

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?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Historic Charges: First Enforcement Action Filed by New York Department of Financial Services Under Cybersecurity Regulation

Data Matters

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.

article thumbnail

Top 7 Data Governance Blog Posts of 2018

erwin

The driving factors behind data governance adoption vary. Whether implemented as preventative measures (risk management and regulation) or proactive endeavors (value creation and ROI), the benefits of a data governance initiative is becoming more apparent. Defining Data Governance. to Data Governance 2.0

article thumbnail

Maze ransomware gang discloses data from drug testing firm HMR

Security Affairs

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.

article thumbnail

Risk Management under the DORA Regulation

IT Governance

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
article thumbnail

The aftermath of an incident – why keeping records of data breaches and privacy incidents matters

Data Protection Report

The federal Personal Information Protection and Electronic Documents Act ( PIPEDA ) requires organizations to keep a record of all breaches involving personal information. Law 25 indicates that the contents of the register can be determined by government regulation, which will presumably be similar to the PIPEDA requirements.

Privacy 52