Expert insights. Personalized for you.
July was bound to be a bounce-back month, but we couldn’t have expected the frighteningly high total of 2,266,042,039 breached records. Philadelphia Federal Credit Union confirms security breach (unknown). State-sponsored hackers breach Greece’s top-level domain registrar (unknown). MORE
The Regulation and the Act both contain prescriptive cybersecurity requirements and new breach notification obligations for regulated organizations. MORE
It also combines process/ workflow, functional, organizational and data/resource views with underlying metrics such as costs, cycle times and responsibilities to provide a foundation for analyzing value chains, activity-based costs, bottlenecks, critical paths and inefficiencies. MORE
GDPR has been in effect since May 2018, but organizations are still waiting to see what impact it will have on the costs organizations might face from breach cleanup, investigations, sanctions and class action lawsuits, says Ian Thornton-Trump of the financial services firm AMTrust International MORE
Breach cybersecurity investment data breach financial services GDPR italy unicreditUniCredit was also hit with hacking incidents in September-October 2016 and June-July 2017. MORE
The Act makes many significant modifications to the postcrisis financial regulatory framework, although it leaves the core of that framework intact. One major consequence of the Act may be an increased potential for mergers, acquisitions and organic growth among regional and midsize banks, as well as community banks, because of provisions that increase the thresholds that must be met before various financial regulatory requirements apply. Initiating Online Banking Services. MORE
February 26 : FCA Enforcement in the Financial Services Sector. Cybersecurity & Data Breaches cybersecurity False Claims Act podcastMike Vernick. Michael Scheimer. MORE
My previous blog post addresses the reasons for the regulation and the requirements associated with the New York State Department of Financial Services (NYDFS) 23 NYCRR 500. How GDPR is giving individuals control of their data: Scope. Data protection by design and by default. MORE
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. From what’s been publicly reported, there’s been 209,000 credit card numbers and 182,000 documents with personal information breached. MORE
Incident Exposed Contact Information for 3 Million Italians, Bank Reports UniCredit, an Italian banking and financial services company, sustained a data breach exposing information on 3 million customers that went undetected for four years, the company has acknowledged. MORE
Compliance with the CCPA will be challenging because it represents major changes in how financial institutions conduct their business. DATA DISPERSION. Consumer personal data is often scattered across multiple internal platforms and shared with many third parties. Firms use consumer personal data to identify and qualify prospects, cross-sell and up-sell to existing customers, and create targeted outreach messages. MORE
tl;dr - a collection of nearly 3k alleged data breaches has appeared with a bunch of data already proven legitimate from previous incidents, but also tens of millions of addresses that haven't been seen in HIBP before. Those 80M records are now searchable, read on for the full story: There's an unknown numbers of data breaches floating around the web. It's also interesting because among nearly 3k other breaches, the data contains Dropbox. MORE
Air Canada data breach – The incident was confirmed by the company and may have affected 20,000 customers (1%) of its 1.7 The data breach of the day is the one suffered by Air Canada that may have affected 20,000 customers (1%) of its 1.7 MORE
My previous blog focused on addressing the General Data Protection Regulation (GDPR) and all the regulations that came with it. In my final post of this series, I want to outline the actions you can take to remain proactive with data privacy laws surrounding NYDFS 500 and GDPR. MORE
NETHERLANDS: Dutch Data Protection Authority received record amount of data breach notifications in 2018. Earlier today, the Dutch Data Protection Authority ( Autoriteit Persoonsgegevens ) issued a press release stating that it received 20,881 notifications of data breaches in 2018. In comparison to 2017, the amount of data breach notifications has (more than) doubled. MORE
Stock trading service Robinhood announced that the passwords of a number of users were stored in plaintext, the company is informing impacted ones. SecurityAffairs – Robinhood, data leak). Breaking News Data Breach Security robinhood MORE
Keeping up with new data protection regulations can be difficult, and the latest – the General Data Protection Regulation (GDPR) – isn’t the only new data protection regulation organizations should be aware of. New Data Protection Regulations – Always Be Prepared. MORE
On March 21, 2017, New York Attorney General Eric Schneiderman announced that the New York Office of the Attorney General received over 1,300 data breach notifications in 2016, a 60 percent increase from 2015. The reported breaches led to the exposure of personal information of 1.6 According to the Attorney General’s report, 46 percent of the exposed personal information consisted of Social Security numbers, and 35 percent consisted of financial account information. MORE
Security experts from vpnMentor have discovered two corporate finance companies that leak half a million legal and financial documents online. At the time of the discovery, the database contained over 500,000 documents for a total of 425GB of data. MORE
Marriott International announced a data breach that may have exposed the information of 5.2 The post How Marriott Customers Can Protect Themselves From The Latest Breach appeared first on Adam Levin. Data Security Data breach featured data breach marriott MORE
Cyber security Cyber attacks Data breaches Finance, investment and tax-related legislation House Financial Services Committee EquifaxA bipartisan bill to establish a federal security framework follows a string of efforts beset by congressional turf battles. MORE
The American group of insurance and financial services companies State Farm disclosed a credential stuffing attack it has suffered in July. Credential stuffing attacks involve botnets to try stolen login credentials usually obtained through phishing attacks and data breaches. MORE
The drug testing firm Hammersmith Medicines Research LTD (HMR), which performs live trials of Coronavirus vaccines, discloses a data breach. Stolen data included the personal information for volunteers who surnames begin with D, G, I, or J. MORE
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. MORE
Equifax's massive breach and Facebook's scandals have made data privacy a big issue for state and federal lawmakers. Data privacy Cyber security Data breaches Finance, investment and tax-related legislation Compliance House Financial Services Committee Senate Banking Committee Equifax CaliforniaHere's why banks need to be worried. MORE
Major data breaches in recent years are spurring state legislators and regulators across the US into action. For example, the New York Department of Financial Services (‘NYDFS’) in March 2017 issued its Cybersecurity Regulation (23 NYCRR 500) (‘the NYDFS Cybersecurity Regulation’), a groundbreaking and far-reaching regulatory regime focused on financial institutions licensed in New York, including insurance companies. MORE
When your organization is part of a data breach as big as Equifax and Marriott, expect to stay in the headlines. Those two corporations continue to be under a congressional review microscope following the incidents that left millions of consumers’ data exposed. The Senate Permanent Subcommittee on Investigations has been probing these breaches and its members have been vocal about the lack of oversight in protecting people’s personal and financial credentials. MORE
Continuing its focus on COVID-19’s impact on its regulated entities, on April 13, the New York Department of Financial Services (NYDFS) released new cybersecurity guidance in response to the COVID-19 pandemic. MORE
The California Consumer Privacy Act (CCPA) will have far-reaching effects on how financial institutions manage their customer data. Compliance will be difficult for firms with disparate silos of customer data, nascent data governance and retention policies, multiple third-party relationships, and marketing programs based on personal information. Receive equal service and price even if they exercise their privacy rights. MORE
Last year, the number of personal records exposed by cyber attacks on the financial services industry was an incredible 446,575,334 – more than triple from the year before. The financial and reputational damage from these data breaches can be immense. MORE
BITPoint discovered the security breach overnight and immediately halted its services. “The hacks have prompted greater oversight of crypto exchanges by Japan’s Financial Services Agency but critics says security gaps remain.” MORE
The first step any financial institution must take in its response to the new CCPA law is to evaluate its exposure and current state of readiness. Analysis: Identification of critical process and data gaps, implementation or reinforcement of governance processes, documentation of requirements. Implementation: Technical services to consolidate customer data, develop governance and approval workflows, and make infrastructure upgrades. Perficient + Financial Services. MORE
3, the United States Court of Appeals for the Sixth Circuit issued a decision that effectively required a company to turn over materials relating to a privileged forensic data breach investigation because, the court concluded, the company had implicitly waived privilege when it disclosed certain of the forensic firm’s conclusions in response to a discovery request. The post Protection of Privilege in the Aftermath of a Data Breach appeared first on Data Matters Privacy Blog. MORE
One of the top findings from the 2018 Thales Data Threat Report, Financial Services Edition was that data breaches in U.S. financial services organizations are increasing at an alarming rate. Not only are breaches at record highs – with 65% of U.S. MORE
It’s summer, and life’s a breach. A data breach, that is. It’s your service provider’s breach, but it involves your (more likely, your customer’s) data. So put down the beach reading, for some breach reading. MORE
Marriot announced an enormous breach of the company’s reservations database that may have potentially exposed the personally identifiable information of more than 500 million guests. The post Marriott Breach: More than 500 Million Guest Affected appeared first on Adam Levin. MORE
The scope of a records and information management (RIM) program in financial services can seem overwhelming. History of Financial System. Shaped by several financial catastrophes of modern history, such as the Great Depression of 1929 and the Great Recession of 2007, the U.S. MORE
Mastercard disclosed a data breach that impacted customer data from the company’s Priceless Specials loyalty program. The American multinational financial services corporation noti f ied the data breach to the German and Belgian Data Protection Authorities. MORE
New York regulators are investigating a weakness that exposed 885 million mortgage records at First American Financial Corp. ” A Little Sunshine Data Breaches First American Financial Corp. New York Department of Financial Services New York Times Stacy Cowley MORE
In light of recent malware attacks that affected financial services customers’ data stored in the cloud, organizations should take a hard look at how they’re securing their financial information. Data protection is an ongoing process. MORE
Financial services firms saw mounting information management challenges in 2019. As the volume and variety of data grows, so do threats from hackers, posing security concerns for organizations and customers alike. Growing Data Volume, Velocity, Variety. MORE
Perficient Data & Analytics
JULY 2, 2019
My previous blog post addresses the reasons for the regulation and the requirements associated with the New York State Department of Financial Services (NYDFS) 23 NYCRR 500. How GDPR is giving individuals control of their data: Scope. Data protection by design and by default.
HL Chronicle of Data Protection
APRIL 17, 2020
Continuing its focus on COVID-19’s impact on its regulated entities, on April 13, the New York Department of Financial Services (NYDFS) released new cybersecurity guidance in response to the COVID-19 pandemic.
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ARMA International
NOVEMBER 7, 2019
The scope of a records and information management (RIM) program in financial services can seem overwhelming. History of Financial System. Shaped by several financial catastrophes of modern history, such as the Great Depression of 1929 and the Great Recession of 2007, the U.S.
Perficient Data & Analytics
JULY 16, 2019
My previous blog focused on addressing the General Data Protection Regulation (GDPR) and all the regulations that came with it. In my final post of this series, I want to outline the actions you can take to remain proactive with data privacy laws surrounding NYDFS 500 and GDPR.
Thales eSecurity
DECEMBER 5, 2018
One of the top findings from the 2018 Thales Data Threat Report, Financial Services Edition was that data breaches in U.S. financial services organizations are increasing at an alarming rate. Not only are breaches at record highs – with 65% of U.S.
Security Affairs
AUGUST 23, 2019
Mastercard disclosed a data breach that impacted customer data from the company’s Priceless Specials loyalty program. The American multinational financial services corporation noti f ied the data breach to the German and Belgian Data Protection Authorities.
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Threatpost
OCTOBER 28, 2019
Breach cybersecurity investment data breach financial services GDPR italy unicreditUniCredit was also hit with hacking incidents in September-October 2016 and June-July 2017.
Security Affairs
AUGUST 30, 2018
Air Canada data breach – The incident was confirmed by the company and may have affected 20,000 customers (1%) of its 1.7 The data breach of the day is the one suffered by Air Canada that may have affected 20,000 customers (1%) of its 1.7
OpenText Information Management
DECEMBER 4, 2019
Last year, the number of personal records exposed by cyber attacks on the financial services industry was an incredible 446,575,334 – more than triple from the year before. The financial and reputational damage from these data breaches can be immense.
DLA Piper Privacy Matters
JULY 30, 2019
It’s summer, and life’s a breach. A data breach, that is. It’s your service provider’s breach, but it involves your (more likely, your customer’s) data. So put down the beach reading, for some breach reading.
IT Governance
JULY 31, 2019
July was bound to be a bounce-back month, but we couldn’t have expected the frighteningly high total of 2,266,042,039 breached records. Philadelphia Federal Credit Union confirms security breach (unknown). State-sponsored hackers breach Greece’s top-level domain registrar (unknown).
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erwin
APRIL 11, 2019
Keeping up with new data protection regulations can be difficult, and the latest – the General Data Protection Regulation (GDPR) – isn’t the only new data protection regulation organizations should be aware of. New Data Protection Regulations – Always Be Prepared.
InfoGoTo
FEBRUARY 12, 2020
Financial services firms saw mounting information management challenges in 2019. As the volume and variety of data grows, so do threats from hackers, posing security concerns for organizations and customers alike. Growing Data Volume, Velocity, Variety.
HL Chronicle of Data Protection
FEBRUARY 25, 2020
The Regulation and the Act both contain prescriptive cybersecurity requirements and new breach notification obligations for regulated organizations.
InfoGoTo
AUGUST 27, 2019
In light of recent malware attacks that affected financial services customers’ data stored in the cloud, organizations should take a hard look at how they’re securing their financial information. Data protection is an ongoing process.
erwin
DECEMBER 20, 2018
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.
erwin
MARCH 28, 2019
It also combines process/ workflow, functional, organizational and data/resource views with underlying metrics such as costs, cycle times and responsibilities to provide a foundation for analyzing value chains, activity-based costs, bottlenecks, critical paths and inefficiencies.
Adam Levin
APRIL 6, 2020
Marriott International announced a data breach that may have exposed the information of 5.2 The post How Marriott Customers Can Protect Themselves From The Latest Breach appeared first on Adam Levin. Data Security Data breach featured data breach marriott
Data Matters
JANUARY 25, 2018
3, the United States Court of Appeals for the Sixth Circuit issued a decision that effectively required a company to turn over materials relating to a privileged forensic data breach investigation because, the court concluded, the company had implicitly waived privilege when it disclosed certain of the forensic firm’s conclusions in response to a discovery request. The post Protection of Privilege in the Aftermath of a Data Breach appeared first on Data Matters Privacy Blog.
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. From what’s been publicly reported, there’s been 209,000 credit card numbers and 182,000 documents with personal information breached.
Rippleshot
MARCH 8, 2019
When your organization is part of a data breach as big as Equifax and Marriott, expect to stay in the headlines. Those two corporations continue to be under a congressional review microscope following the incidents that left millions of consumers’ data exposed. The Senate Permanent Subcommittee on Investigations has been probing these breaches and its members have been vocal about the lack of oversight in protecting people’s personal and financial credentials.
Information Management Resources
MARCH 3, 2019
Equifax's massive breach and Facebook's scandals have made data privacy a big issue for state and federal lawmakers. Data privacy Cyber security Data breaches Finance, investment and tax-related legislation Compliance House Financial Services Committee Senate Banking Committee Equifax CaliforniaHere's why banks need to be worried.
Information Management Resources
FEBRUARY 20, 2018
Cyber security Cyber attacks Data breaches Finance, investment and tax-related legislation House Financial Services Committee EquifaxA bipartisan bill to establish a federal security framework follows a string of efforts beset by congressional turf battles.
Data Matters
JUNE 5, 2018
The Act makes many significant modifications to the postcrisis financial regulatory framework, although it leaves the core of that framework intact. One major consequence of the Act may be an increased potential for mergers, acquisitions and organic growth among regional and midsize banks, as well as community banks, because of provisions that increase the thresholds that must be met before various financial regulatory requirements apply. Initiating Online Banking Services.
Data Breach Today
NOVEMBER 4, 2019
Incident Exposed Contact Information for 3 Million Italians, Bank Reports UniCredit, an Italian banking and financial services company, sustained a data breach exposing information on 3 million customers that went undetected for four years, the company has acknowledged.
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. Credential stuffing attacks involve botnets to try stolen login credentials usually obtained through phishing attacks and data breaches.
Data Breach Today
JANUARY 23, 2019
GDPR has been in effect since May 2018, but organizations are still waiting to see what impact it will have on the costs organizations might face from breach cleanup, investigations, sanctions and class action lawsuits, says Ian Thornton-Trump of the financial services firm AMTrust International
Troy Hunt
FEBRUARY 26, 2018
tl;dr - a collection of nearly 3k alleged data breaches has appeared with a bunch of data already proven legitimate from previous incidents, but also tens of millions of addresses that haven't been seen in HIBP before. Those 80M records are now searchable, read on for the full story: There's an unknown numbers of data breaches floating around the web. It's also interesting because among nearly 3k other breaches, the data contains Dropbox.
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. At the time of the discovery, the database contained over 500,000 documents for a total of 425GB of data.
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. Stolen data included the personal information for volunteers who surnames begin with D, G, I, or J.
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. For example, the New York Department of Financial Services (‘NYDFS’) in March 2017 issued its Cybersecurity Regulation (23 NYCRR 500) (‘the NYDFS Cybersecurity Regulation’), a groundbreaking and far-reaching regulatory regime focused on financial institutions licensed in New York, including insurance companies.
Perficient Data & Analytics
OCTOBER 30, 2018
The first step any financial institution must take in its response to the new CCPA law is to evaluate its exposure and current state of readiness. Analysis: Identification of critical process and data gaps, implementation or reinforcement of governance processes, documentation of requirements. Implementation: Technical services to consolidate customer data, develop governance and approval workflows, and make infrastructure upgrades. Perficient + Financial Services.
HL Chronicle of Data Protection
FEBRUARY 24, 2020
February 26 : FCA Enforcement in the Financial Services Sector. Cybersecurity & Data Breaches cybersecurity False Claims Act podcastMike Vernick. Michael Scheimer.
Hunton Privacy
MARCH 23, 2017
On March 21, 2017, New York Attorney General Eric Schneiderman announced that the New York Office of the Attorney General received over 1,300 data breach notifications in 2016, a 60 percent increase from 2015. The reported breaches led to the exposure of personal information of 1.6 According to the Attorney General’s report, 46 percent of the exposed personal information consisted of Social Security numbers, and 35 percent consisted of financial account information.
Perficient Data & Analytics
OCTOBER 16, 2018
Compliance with the CCPA will be challenging because it represents major changes in how financial institutions conduct their business. DATA DISPERSION. Consumer personal data is often scattered across multiple internal platforms and shared with many third parties. Firms use consumer personal data to identify and qualify prospects, cross-sell and up-sell to existing customers, and create targeted outreach messages.
DLA Piper Privacy Matters
JANUARY 29, 2019
NETHERLANDS: Dutch Data Protection Authority received record amount of data breach notifications in 2018. Earlier today, the Dutch Data Protection Authority ( Autoriteit Persoonsgegevens ) issued a press release stating that it received 20,881 notifications of data breaches in 2018. In comparison to 2017, the amount of data breach notifications has (more than) doubled.
Security Affairs
JULY 12, 2019
BITPoint discovered the security breach overnight and immediately halted its services. “The hacks have prompted greater oversight of crypto exchanges by Japan’s Financial Services Agency but critics says security gaps remain.”
Security Affairs
JULY 25, 2019
Stock trading service Robinhood announced that the passwords of a number of users were stored in plaintext, the company is informing impacted ones. SecurityAffairs – Robinhood, data leak). Breaking News Data Breach Security robinhood
Perficient Data & Analytics
SEPTEMBER 18, 2018
The California Consumer Privacy Act (CCPA) will have far-reaching effects on how financial institutions manage their customer data. Compliance will be difficult for firms with disparate silos of customer data, nascent data governance and retention policies, multiple third-party relationships, and marketing programs based on personal information. Receive equal service and price even if they exercise their privacy rights.
Adam Levin
NOVEMBER 30, 2018
Marriot announced an enormous breach of the company’s reservations database that may have potentially exposed the personally identifiable information of more than 500 million guests. The post Marriott Breach: More than 500 Million Guest Affected appeared first on Adam Levin.
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