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CHINA: New draft proposes more stringent requirements for processing data in the financial services industry

DLA Piper Privacy Matters

Authors: Carolyn Bigg, Amanda Ge and Venus Cheung On July 24, 2023, the People’s Bank of China (“ PBOC ”) released the Measures for the Management of Data Security in the Business Areas Falling into PBOC’s Jurisdiction (Draft for Comment) (“ Draft Measures” ) for public consultation, which closes on August 24, 2023.

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Putting data storage at the forefront of cloud security

IBM Big Data Hub

Securing sensitive data in an evolving landscape Advancements like those in AI and quantum computing can pose new challenges to customers, especially those in highly regulated industries such as financial services, healthcare, telecommunications and more.

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Slack Launched Encryption Key Addon For Businesses

Security Affairs

Slack announced today to launch encryption keys that will help businesses to protect their data. Slack announced today to launch encryption keys that will help businesses to protect their data. Slack announced today to launch encryption keys that will help businesses to protect their data.

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Morgan Stanley discloses data breach after the hack of a third-party vendor

Security Affairs

The American multinational investment bank and financial services firm Morgan Stanley discloses a data breach caused by the hack of an Accellion FTA server of a third-party vendor. Guidehouse advised us that data that it maintained for Morgan Stanley had been accessed through the Accellion FTA vulnerability.”

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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 “The data was collected from 3.25 How to protect your data from such kind of malware?

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BlackCocaine Ransomware, a new malware in the threat landscape

Security Affairs

Recently Cyber researchers for Cyble investigated an attack suffered by on May 30, 2021, by Nucleus Software, an India-based IT company in the Banking and Financial Services sector. Nucleus Software declared that it does not store customers’ financial data. BlackCocaine ” to the filenames of encrypted files.

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The Week in Cyber Security and Data Privacy: 6 – 12 November 2023

IT Governance

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. The data included shoppers’ names, email addresses, phone numbers, countries of residence and membership numbers.