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

The Future of Payments Security

Thales Cloud Protection & Licensing

The Future of Payments Security. Even when banking organizations are upgrading security posture to safeguard sensitive financial information, hackers can steal the data intelligently by tying known vulnerabilities together, and making it turn out to be a potential attack. Securing digital transactions. Online skimming.

Security 143
Insiders

Sign Up for our Newsletter

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

article thumbnail

Tuesday’s Relativity Fest 2019 Sessions: eDiscovery Trends

eDiscovery Daily

The EDRM has been a household name in the e-discovery and legal technology industry for 15 years. It has provided a framework for the development of software and services. e-Discovery Disasters and How to Avoid Them: Don’t Let This Happen to You.

article thumbnail

Keeping Up with New Data Protection Regulations

erwin

Some industries, such as healthcare and financial services, have been subject to stringent data regulations for years: GDPR now joins the Health Insurance Portability and Accountability Act (HIPAA), the Payment Card Industry Data Security Standard (PCI DSS) and the Basel Committee on Banking Supervision (BCBS).

GDPR 100
article thumbnail

Record Retention is a Key Component of Your Privacy and Cyber Compliance Program

Data Protection Report

Likewise, the New York State Department for Financial Services regulations requires relevant entities to have appropriate record retention policies and procedures. wish to reduce the cost of responding to discovery in litigation and investigations. In the U.S., This led companies to err of the side of over-retention.

Privacy 144
article thumbnail

The most valuable AI use cases for business

IBM Big Data Hub

And if AI can guide a Roomba, it can also direct self-driving cars on the highway and robots moving merchandise in a distribution center or on patrol for security and safety protocols. Robots help reduce the need for manual labor and improve defect discovery, providing higher quality vehicles to customers at a lower cost to the business.

article thumbnail

FinCEN Issues Notice on Reporting COVID-19 Criminal and Suspicious Activities, Companion Advisory on COVID-19-Related Medical Scams

Data Matters

Coronavirus Aid, Relief and Economic Security Act-related fraud or other COVID-19-related financial crime : Contact local U.S. Secret Service field office. Financial institutions should look closely at the red flags provided in the Advisory. Cyber- and internet-related crime : Contact FBI Crime Compliant Center.