Remove Document Remove Encryption Remove Financial Services Remove Security
article thumbnail

NYDFS releases major update to Part 500 cybersecurity requirements for financial services companies

Data Protection Report

On November 1, 2023, the New York Department of Financial Services (“NYDFS”) released the finalized amendments of Part 500 of its cybersecurity regulations. CISO and senior governing body requirements; 500.15: Encryption requirements; 500.16: Incident response plan requirements; and, 500.19(a):

article thumbnail

LockFile Ransomware uses a new intermittent encryption technique

Security Affairs

Recently emerged LockFile ransomware family LockFile leverages a novel technique called intermittent encryption to speed up encryption. Sophos researchers discovered that the group is now leveraging a new technique called “intermittent encryption” to speed up the encryption process.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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.

article thumbnail

Choosing to Store, Scan, or Shred Your Documents: A Comprehensive Guide

Armstrong Archives

This reality has made data security increasingly important, requiring a sea change in the way companies handle their documents. We have decades of experience in the safe storage, scanning, and shredding of our clients’ important documents. What paperwork do I need to keep: How do you know which documents to keep or shred?

article thumbnail

GUEST ESSAY: 7 tips for protecting investor data when it comes to alternative asset trading

The Last Watchdog

Related: Preserving the privacy of the elderly As more traders and investors engage in these investment avenues, it is crucial to adopt robust security measures to safeguard sensitive and regulated information. This includes scanning all materials, such as investor onboarding documents and communication.

IT 161
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.

article thumbnail

API Security in 2024: Imperva Report Uncovers Rising Threats and the Urgent Need for Action

Thales Cloud Protection & Licensing

API Security in 2024: Imperva Report Uncovers Rising Threats and the Urgent Need for Action madhav Thu, 03/07/2024 - 04:56 APIs (Application Programming Interfaces) are the backbone of modern digital innovation. Attackers increasingly exploit vulnerabilities, frequently targeting API business logic to bypass traditional security measures.