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Remove 2019 Remove Data Remove Data breaches Remove Financial Services
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Financial Services Organizations Need to Adapt their Security Practices to the Shifting Environment

Thales Cloud Protection & Licensing

Financial Services Organizations Need to Adapt their Security Practices to the Shifting Environment. Companies and organizations, whether in the public or in the private sector, are re-establishing their business in the era of information and data revolution. Weak security practices lead to data breaches.

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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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Risk Management under the DORA Regulation

IT Governance

The financial sector is quite heavily regulated, and involves a lot of confidential data. You’d therefore expect that the sector fares better at data security than your average organisation. So to account for seasonality, we’ve only looked at Q2–Q4 for all four years (2019–2022). What do the statistics say?

Risk 104
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Corporate Finance firms leak 500K+ legal and financial documents online

Security Affairs

Advantage and Argus seem to be the same company working under two different names, they offer funding and startup capital to business owners without access to traditional lending and financial services. The researchers discovered the unsecured database in December 2019. ” concludes vpnMentor.

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NYDFS settles cybersecurity regulation matter for $3 million

Data Protection Report

On April 14, 2021, the New York Department of Financial Services (NYDFS) announced a $3 million settlement with insurance company National Securities Corp. According to the consent order, the matter began when NSC reported a cybersecurity event to NYDFS on October 23, 2019. The second incident occurred in March of 2019.

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New York SHIELD Act $600,000 settlement

Data Protection Report

million individuals was exposed, including approximately 98,632 New Yorkers.The AG began an investigation based on New York’s Executive Law § 63(12) [deception] and General Business Law §§ 349 [deception] and 899-bb. The latter is the 2019 data security law known as the Stop Hacks and Improve Electronic Data Security (SHIELD) Act.

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The UK ICO’s Regulatory Sandbox Points to a Future of Pro-Active Engagement

HL Chronicle of Data Protection

As companies continue to grapple with interpreting how the GDPR’s principles apply to their own businesses, in particular contexts, there is a growing need for data protection regulators to provide clarity on the practical application of the regulation. An alternative approach to regulatory engagement.

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