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$8 million penalty to NYDFS – and another case of over-retention

Data Protection Report

On January 3, 2024, the New York Department of Financial Services announced a consent order with GGT, where GGT agreed to pay NYDFS $8 million and to surrender its BitLicense (for cryptocurrency trading), due to alleged violations of NYDFS’ cybersecurity and its virtual currency regulations.

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How to Prevent Data Breaches: Data Breach Prevention Tips

eSecurity Planet

With the ever-present threat of data breaches, organizations need to adopt best practices to help prevent breaches and to respond to them when they occur to limit any damage. And breaches will occur – because bad guys make a living by figuring out ways to circumvent security best practices. But it requires different levels of security.

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Multinational ICICI Bank leaks passports and credit card numbers

Security Affairs

ICICI Bank leaked millions of records with sensitive data, including financial information and personal documents of the bank’s clients. A misconfiguration of the bank systems exposed millions of records with sensitive data. A misconfiguration of the bank systems exposed millions of records with sensitive data.

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Record Retention is a Key Component of Your Privacy and Cyber Compliance Program

Data Protection Report

The most significant action came in October, when the Berlin Commissioner for Data Protection and Freedom of Information issued a €14.5million fine against German real estate company, Deutsche Wohnen SE, relating to the excessive retention of personal data. How should businesses change their attitudes towards data retention?

Privacy 144
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Ransomware Protection in 2021

eSecurity Planet

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. The most common way for criminals to infect an organization is by sending an email with a malicious link or attachment that an employee clicks on unwittingly to initiate an attack. Staff Awareness.

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Record Retention is a Key Component of Your Privacy and Cyber Compliance Program

Data Protection Report

The most significant action came in October, when the Berlin Commissioner for Data Protection and Freedom of Information issued a €14.5million fine against German real estate company, Deutsche Wohnen SE, relating to the excessive retention of personal data. How should businesses change their attitudes towards data retention?

Privacy 52
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Discovery of New Internet of Things (IoT) Based Malware Could Put a New Spin on DDoS Attacks

Data Protection Report

As we have explained previously , at their most basic level, DDoS attacks work by sending a high volume of data from different locations to a particular server or set of servers. Because the servers can only handle a certain amount of data at a time, these attacks overwhelm the servers causing them to slow significantly or fail altogether.

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