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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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Cybersecurity agencies published a joint LockBit ransomware advisory

Security Affairs

organizations since 2020. organizations since 2020. The operation targeted many organizations in critical infrastructure sectors, including financial services, food and agriculture, education, energy, government and emergency services, healthcare, manufacturing, and transportation. law enforcement). Red, LockBit 3.0/Black,

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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 million Windows systems between 2018 and 2020. “The data was collected from 3.25

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US GOV OFFERS A REWARD OF UP TO $15M FOR INFO ON LOCKBIT GANG MEMBERS AND AFFILIATES

Security Affairs

According to the press release published by the Department of State , the Lockbit ransomware operators carried out over 2,000 attacks against victims worldwide since January 2020. LockBit had a bespoke data exfiltration tool, known as Stealbit, which was used by affiliates to steal victim data. reads the NCA’s announcement. “The

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New York SHIELD Act $600,000 settlement

Data Protection Report

In total, information for approximately 2.1 million individuals was exposed, including approximately 98,632 New Yorkers.The AG began an investigation based on New York’s Executive Law § 63(12) [deception] and General Business Law §§ 349 [deception] and 899-bb. EyeMed neither admitted nor denied the AG’s findings in the settlement.

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Risk Management under the DORA Regulation

IT Governance

The financial sector is quite heavily regulated, and involves a lot of confidential data. You’d therefore expect that the sector fares better at data security than your average organisation. In fact, in 2020–2022, the financial sector was the second-most attacked sector, topped only by the retail and manufacturing sector.

Risk 104
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More details about Operation Cronos that disrupted Lockbit operation

Security Affairs

Law enforcement also had access to data stolen from the victims of the ransomware operation, a circumstance that highlights the fact that even when a ransom is paid, the ransomware gang often fails to delete the stolen information. on January 5, 2020. ” reads the NCA’s announcement.