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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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15 billion credentials available in the cybercrime marketplaces

Security Affairs

The credentials are sold for an average of $15.43, the most expensive pairs relate to banking and financial services accounts, with an average price of nearly $71. Accounts for media streaming, social media, file sharing, virtual private networks (VPNs), and adult-content sites all trade for significantly under $10.”

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SEC Announces Settled Charges Against First American for Cybersecurity Disclosure Controls Failures – Lessons Learned

Data Matters

In the Order, the SEC alleges that First American’s disclosures concerning the vulnerability were deficient because senior executives were not provided all available and relevant information, specifically that First American’s information security personnel had identified and failed to remediate the vulnerability months earlier in January 2019.

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Hackers stole $32 million from Bitpoint cryptocurrency exchange

Security Affairs

. “Today, we have stopped the remittance (sending) and receiving (depositing) services from 6:30, but we will stop all services including transactions and sending and receiving from around 10:30. Copyright (C) 2014-2015 Media.net Advertising FZ-LLC All Rights Reserved -->. ” reported the AFP press. .

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Former FTC Counsel Markus Heyder Joins Centre for Information Policy Leadership at Hunton

Hunton Privacy

The Centre for Information Policy Leadership at Hunton & Williams LLP (the “Centre”) announces Markus B. Federal Trade Commission, will be joining as Vice President and Senior Policy Counselor, effective March 17, 2014. for over 10 years. Heyder, International Consumer Protection Counsel at the U.S. privacy authority.

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An Approach to Cybersecurity Risk Oversight for Corporate Directors

Data Matters

A high-profile cyber incident may cause substantial financial and reputational losses to an organization, including the disruption of corporate business processes, destruction or theft of critical data assets, loss of goodwill, and shareholder and consumer litigation. Encrypting critical data assets. Managing digital identities.