Remove Definition Remove Financial Services Remove Government Remove Security
article thumbnail

NYDFS Amends Cybersecurity Rules for Financial Services Companies

Hunton Privacy

On November 9, 2022, the New York Department of Financial Services (NYDFS) released its second, proposed amendments to the Part 500 Cybersecurity Rule. Revised Definition of Class A Companies. Covered Entities must have a monitoring process that ensures prompt notification of any new security vulnerabilities.

article thumbnail

Security Compliance & Data Privacy Regulations

eSecurity Planet

Regulatory compliance and data privacy issues have long been an IT security nightmare. GDPR (among other legal requirements in the EU and elsewhere) can expose multinational organizations to hefty financial penalties, additional rules for disclosing data breaches, and increased scrutiny of the adequacy of their data security.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

NYDFS Proposes Updated Second Amendment to Its Cybersecurity Regulation

Hunton Privacy

On June 28, 2023, the New York Department of Financial Services (“NYDFS”) published an updated proposed Second Amendment (“Amendment”) to its Cybersecurity Regulation, 23 NYCRR Part 500. As described below, senior governing bodies would have new oversight responsibilities under the amendments.

article thumbnail

Scary Fraud Ensues When ID Theft & Usury Collide

Krebs on Security

But Jim has long had a security freeze on his credit file with the three major consumer credit reporting bureaus , and none of the lenders seemed willing to proceed without at least a peek at his credit history. . 14, 2022 breach notification letter from tribal lender Mountain Summit Financial. A portion of the Jan.

article thumbnail

BEST PRACTICES: Rising complexities of provisioning identities has pushed ‘IGA’ to the fore

The Last Watchdog

Identity governance and administration, or IGA , has suddenly become a front-burner matter at many enterprises. Related: Identity governance issues in the age of digital transformation. I had the chance at RSA 2019 to visit with Mike Kiser, global strategist at SailPoint , an Austin, TX-based supplier of IGA services to discuss this.

article thumbnail

Integrating Long-Term Digital Preservation into Your Information Governance Program: First Steps

Preservica

The 2016 IGI Benchmark Report on The Governance of Long-term Digital Information confirmed that nearly all organizations represented have digital records and information that keep or need to keep in excess of 10 years. Download the Information Governance Initiative (IGI) benchmark report and the 2017 benchmark highlights.

article thumbnail

erwin’s Predictions for 2021: Data Relevance Shines at the End of the Tunnel

erwin

However, challenges persist if your organization doesn’t take proper precautions in supporting a remote workforce — from human resources to productivity and IT security – especially when regulations such as the European Union’s General Data Protection Regulation (GDPR) are involved. Click here to learn more and register.