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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. Some requirements also apply specifically to larger covered entities falling under the “Class A companies” category.

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Summary – “Industry in One: Financial Services”

ARMA International

The scope of a records and information management (RIM) program in financial services can seem overwhelming. Compared to other industries, the complexities of managing records and information in financial services are arguably some of the toughest to solve, primarily because of the intense regulatory scrutiny.

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CyberheistNews Vol 13 #25 [Fingerprints All Over] Stolen Credentials Are the No. 1 Root Cause of Data Breaches

KnowBe4

1 Root Cause of Data Breaches Verizon's DBIR always has a lot of information to unpack, so I'll continue my review by covering how stolen credentials play a role in attacks. So, what does the report say about the most common threat actions that are involved in data breaches? million simulated phishing security tests.

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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.

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Comments Sought on Proposed Rulemaking: Computer-Security Incident Notification Requirements for Banking Organizations and Their Bank Service Providers

Data Matters

Generally, if finalized, the NPR would require banking organizations and bank service providers (each, as defined further below) to provide accelerated notices of certain cybersecurity and related events. a computer-security incident that a banking organization believes in good faith could materially disrupt, degrade, or impair —.

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Best Network Security Tools 2021

eSecurity Planet

Maintaining the integrity of networks and data is a critical consideration for every organization. Security information and event management SIEM Splunk IBM. Breach and attack simulation (BAS): XM Cyber. XM Cyber launched in 2016 and is a winner for its innovation in the breach and attack simulation arena.

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Cybersecurity: Managing Risks With Third Party Companies

Cyber Info Veritas

Did you know that 63% of all data breaches are directly or indirectly linked to third party companies? Let us get started with how third-party data breach occurs. How Third Party Data Breach Takes Place If a hacker is targeting a large organization, they look for the gateway that will not be easily noticed.

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