Remove 11
Remove 2020 Remove Data Remove Data breaches Remove Financial Services
article thumbnail

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. Thu, 11/05/2020 - 06:52. 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. Labelled Industry 4.0,

article thumbnail

NY Charges First American Financial for Massive Data Leak

Krebs on Security

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. First American released its first quarter 2020 earnings today.

Insurance 305
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

Mysterious custom malware used to steal 1.2TB of data from million PCs

Security Affairs

Experts spotted a new mysterious malware that was used to collect a huge amount of data, including sensitive files, credentials, and cookies. terabyte of stolen data. Threat actors used custom malware to steal data from 3.2 million Windows systems between 2018 and 2020. “The data was collected from 3.25

article thumbnail

The Impact of Data Protection Laws on Your Records Retention Schedule

ARMA International

It is essential that your organization’s records retention schedule is compliant with the data protection requirements in the jurisdictions where your organization operates. Introduction to Data Protection Laws. Personal data protection requirements may be issued by federal, state (provincial), or local governments.

article thumbnail

How can banks succeed in the digital banking era?

Thales Cloud Protection & Licensing

Tue, 11/23/2021 - 06:13. trillion in 2020.”. To compete, financial institutions are investing heavily in digital transformation. The full digitization of contracts, subscriptions and consumption of services. Financial institutions find themselves in a difficult situation. trillion in 2019 to $5.2 The challenge.

article thumbnail

Healthcare Organizations Need to Adapt Their Data Protection Policies to the New Threat Environment

Thales Cloud Protection & Licensing

Healthcare Organizations Need to Adapt Their Data Protection Policies to the New Threat Environment. Tue, 11/17/2020 - 06:44. For example, data sprawl has significantly increased due to all of the new patient data that has been created during the pandemic. Sensitive medical data is not protected.