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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.

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15 billion credentials available in the cybercrime marketplaces

Security Affairs

The credentials are sold for an average of $15.43, the most expensive pairs relate to banking and financial services accounts, with an average price of nearly $71. Accounts for media streaming, social media, file sharing, virtual private networks (VPNs), and adult-content sites all trade for significantly under $10.”

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Hackers stole $32 million from Bitpoint cryptocurrency exchange

Security Affairs

. “Today, we have stopped the remittance (sending) and receiving (depositing) services from 6:30, but we will stop all services including transactions and sending and receiving from around 10:30. Copyright (C) 2014-2015 Media.net Advertising FZ-LLC All Rights Reserved -->. ” reported the AFP press. .

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An Approach to Cybersecurity Risk Oversight for Corporate Directors

Data Matters

A high-profile cyber incident may cause substantial financial and reputational losses to an organization, including the disruption of corporate business processes, destruction or theft of critical data assets, loss of goodwill, and shareholder and consumer litigation. Encrypting critical data assets. Managing digital identities.

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Nation-State-Sponsored Attacks: Not Your Grandfather’s Cyber Attacks

Data Matters

It used to be that data breaches were all about cyber-crooks hacking computer systems to steal personal information, followed by an affected company sending regretful notification letters offering a year or two of complimentary credit monitoring. out of 10. In your grandfather’s data breach—e.g., Press Release No.