New York Department of Financial Services Issues First Guidance by a U.S. Regulator Concerning Cyber Insurance

Data Matters

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. Educate Insureds and Insurance Producers. The post New York Department of Financial Services Issues First Guidance by a U.S. 2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers.

Combat the increasing ransomware threat by educating employees

IT Governance

Healthcare was the most affected industry (76%) and financial services the least (45%). Although this creates an opportunity for cybercriminals, it can be addressed through education.”. The survey recommends educating end users, as this will enable them to identify attacks. A recent Sophos survey of 2,700 IT managers in organisations with 100-5,000 employees around the world, revealed that many businesses are not prepared for ransomware attacks.


Sign Up for our Newsletter

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

The Third Modern Data Management Summit: Making Data Work!


Speakers represented life sciences, healthcare, manufacturing, retail, consumer goods, financial services, consulting services, and hi-tech. Overall the event provided best in the industry networking opportunity and educational sessions that offered new ways for companies to think about their data in the new digital economy. Ankur Gupta, Sr. Product Marketing Manager, Reltio.

#ModernDataMasters: Henrik Liliendahl, Chairman & CTO, Product Data Lake


Henrik Liliendahl is an MDM and PIM expert; speaker and blogger ( and [link] ) and the Co-Founder, Chairman and CTO of Product Data Lake a product information exchange service. I was educated in computer engineering but my first job was on the business side. I remember back in the old days if the postcode table changed in your system you used to have to get a new postcode table and put that back into all of your services. Kate Tickner, Reltio.

MDM 46

The Importance of “Legacy” in Colleges and Universities

Rocket Software

COBOL programming has been around for more than 60 years, and many consider this a “legacy” language, even though it is still used by governments and the financial services sector. By Cameron Seay , guest blogger. The global economy runs on mainframes.

Digital Intelligence and the Role of Data in Personalization


We see CXOs – from retail and financial backgrounds – get hired on in healthcare spaces and tasked with digital disruption in Healthcare organizations, and beyond. Learn and understand the education system to hire the right skill set. Welcome to 2019 where things take an interesting turn, or, materialize as predicated for so long.

Cloudflare: Mirai Botnet Launched Record-Breaking DDoS Attack

eSecurity Planet

Cloudflare last month fought off a massive distributed denial-of-service (DDoS) attack by a botnet that was bombarding 17.2 million requests per second (rps) at one of the internet infrastructure company’s customers in the financial services space.

IoT 110

SHARED INTEL: Microsoft discloses how the Nobelium hacking ring engages in routine phishing

The Last Watchdog

Microsoft said it notified the targeted 150 organizations, which included “IT companies (57%), followed by government (20%), and smaller percentages for non-governmental organizations and think tanks, as well as financial services.” Microsoft has blunted the ongoing activities of the Nobelium hacking collective, giving us yet another glimpse of the unceasing barrage of hack attempts business networks must withstand on a daily basis.

Linux Foundation expands open source certification program

Information Management Resources

It has seen massive acceptance in almost every sector, including financial services, government, education and even film production. Linux is the largest and most pervasive open source software project in the history of computing. Hardware and software Training Career advancement Online learning

KnowledgeLake Growth in 2020 Driven by Increasing Demand for Cloud-based Intelligent Capture and Document Processing Automation 

Document Imaging Report

In 2020, KnowledgeLake also transitioned to an entirely channel-driven sales strategy, establishing a robust network of channel partners with expertise in implementation and professional services for customers in financial services, manufacturing, government, education, and other key segments. . “

ECM 56

Ransomware infected systems at Xchanging, a DXC subsidiary

Security Affairs

Systems at Xchanging, a subsidiary of Global IT services and solutions provider DXC Technology was hit by ransomware over the weekend. Global IT services and solutions provider DXC Technology disclosed a ransomware attack that infected systems at its Xchanging subsidiary.

ICYMI: Day 1 of Data Citizens recap


Today we kicked off our best Data Citizens yet with 45 speakers across 8 industries including retail, financial services, telecommunications, technology, healthcare and education.

Experts found a new TrickBot module (rdpScanDll) built for RDP bruteforcing operations

Security Affairs

” The module appears to be under development, but experts pointed out that threat actors already used it to target organizations, mostly in telecoms, education, and financial services sectors.

Change Management: Enterprise Architecture for Managing Change


Even industries historically resistant to it, such as financial services and healthcare, are now transforming proactively and at a rapid rate.

ManageEngine Product Review

eSecurity Planet

There are also many specific use cases for education, healthcare, manufacturing, government and financial services. ManageEngine is a division of Zoho Corporation and offers a full suite of IT management tools.

Netsparker Product Review

eSecurity Planet

Team (up to 50 sites) , perfect for larger organizations with full service vulnerability management needs. Financial Services: ING. Education: Oakland University.

BEST PRACTICES: Mock phishing attacks prep employees to avoid being socially engineered

The Last Watchdog

In 2015, penetration tester Oliver Münchow was asked by a Swiss bank to come up with a better way to test and educate bank employees so that passwords never left the network perimeter. Customers in financial services, energy, government, healthcare and manufacturing sectors are using its testing and training modules. Defending a company network is a dynamic, multi-faceted challenge that continues to rise in complexity, year after year after year.

Laserfiche Wins Gold in Best in Biz Awards 2017

Document Imaging Report

With customers in nearly every industry including government, education, financial services, manufacturing and health care, Laserfiche offers solutions tailored to organizations’ needs, and the expertise and personalized service that drive customer success. Laserfiche also provides in-person and online training, and educational and support resources such as user groups, workshops and webinars throughout the year.

Ireland: DPC Annual Report 2020: Enforcement & Transfers Dominate Agenda

DLA Piper Privacy Matters

Financial Services Sector Focus. The DPC is encouraging the development of Codes of Conduct for various sectors that process children’s data including ISPs & education sector providers.


Report shows increase in social engineering

IT Governance

The report found that about 55% of social media attacks that impersonated customer-support accounts specifically targeted the customers of financial services companies. Organisations need to educate their staff to be alert, vigilant and secure. Proofpoint’s The Human Factor 2018 Report revealed that over the past year, cyber criminals have continued to increase their use of social engineering, building up the number of attacks that rely on human interaction.

Data Compliance in a World of Data Privacy Concerns


Data compliance concerns may be more nuanced based on the specific industry, such as the financial services sector. An organization can thrive if they continually educate themselves on the regulatory requirements surrounding data as the data compliance world evolves. [1] We live in an age where we have the ability to collect and utilize more data than ever. As the amount of data we’re responsible for increases, so do concerns that we’re handling it properly.

Data Citizens of the World, Unite!


Speakers will hail from a variety of sectors, including financial services, utilities, telco, technology, retail, healthcare, and universities, providing deeper insights and perspectives on common data challenges shared across industries. DNB, Norway’s largest financial services group , will outline their data journey. Education and community are the main focus of the two days – but it’s also going to be a lot of fun!

DOL Puts Plan Sponsors and Other Fiduciaries on Notice: ERISA Requires Appropriate Precautions to Mitigate Cybersecurity Threats

Data Matters

The Cybersecurity Guidance is set forth in three parts: Tips for Hiring a Service Provider , directed toward plan sponsors and fiduciaries. Cybersecurity Program Best Practices (Best Practices), directed at recordkeepers and other service providers responsible for plan-related IT systems and data as well as plan fiduciaries evaluating service providers’ cybersecurity programs. Obligations of Service Providers Responsible for Plan-Related IT Systems and Data.

List of data breaches and cyber attacks in July 2019 – 2.2 billion records leaked

IT Governance

Department of Health Services email hacked exposing patient data (14,591). Hackers breach SyTech, a contractor for Russia’s national intelligence service (unknown). DNA testing service Vitagene left customer records online for years (3,000). Maryland Department of Education left students’ and teachers’ personal details on unencrypted database (1.6 Tennessee high school students at risk after data breach at Higher Education Commission vendor (unknown).

My (somewhat unreliable) data protection predictions for 2017

Data Protector

My professional work this year included acting as a specialist adviser to the Joint Parliamentary Committee on the Draft Investigatory Powers Act, one of the most significant pieces of legislation to be laid before Parliament for many years, to advising large (and some not so large) companies, particularly in the financial services sector, on the steps they should consider taking to show how they comply with their current and their future data protection obligations.

GDPR 120

A major cyber attack is a matter of when, not if

IT Governance

A C1 attack is one that might cripple infrastructure such as energy supplies and the financial services sector. Steve Malone, director of security product management at Mimecast, said: “Despite the educational efforts of security companies and government so far, it’s clear that organisations need more support and training fast.”.

Cloud, Intelligent Content Services, and Digital Fragility: What’s on the RIM Horizon for 2020

ARMA International

in 2017), with the remainder reporting into senior administrative roles, compliance, corporate services, or finance teams. Intelligent Content Services and Automation: Must-Haves for 2020 Roadmaps. Vendors in the content management market are investing in intelligent content services.

25% increase in confidential data theft

IT Governance

One key contributory factor may be an increase in staff turnover, as employees may take key client and financial information with them when they leave. Organisations across many industries face the risk of data theft, but those in the financial services sector are particularly vulnerable to the loss of “propriety algorithms”, and recruitment agencies and estate agents risk losing highly valuable client databases. Staff education.

How ATB Financial drives agile data ops with Collibra and GCP


ATB Financial provides a diversified set of financial services to more than 770,000 residents of Alberta, Canada. Like most financial organizations, ATB’s technology architecture included a wide variety of disparate systems that were difficult to navigate.

Government By Numbers: Some Interesting Insights

John Battelle's Searchblog

Let’s take a look at some detail: Ahh… Education. As local governments have taken over the once Federally run education system, payroll there has skyrocketed (has performance? As one might expect, the numbers show the rise of the services industry, and the decline of manufacturing in our economy. But it’s clear to me we have an education and healthcare problem on our hands (quite a surprise, eh?).

Innovate Data with Artificial Intelligence (AI) in Healthcare


Artificial intelligence (AI) has established a dominant disruption in transportation, marketing and financial services, among other divisions. As a result, AI will advise what to offer customers, endorse terms to give suppliers, and educate employees on what to say and do in real time according to AI hinges on the goal of learning and educated diagnosis to provide optimal value.

Finance sector must simplify staff awareness training

IT Governance

Financial services firms must do more to educate employees about cyber security, according to the FCA (Financial Conduct Authority). What should financial organisations be doing? Ideally, financial organisations should go beyond the broad strokes of cyber security best practices and provide employees with in-depth, granular programmes that are tailored to the risks they face. How Cyber Security as a Service helps.

Top GRC Tools & Software for 2021

eSecurity Planet

LogicManager’s GRC solution has specific use cases across financial services, education, government, healthcare, retail, and technology industries, among others. Financial reporting compliance. Its features include: Compliance education & management.

Top 10 Governance, Risk and Compliance (GRC) Vendors

eSecurity Planet

LogicManager’s GRC solution has specific use cases across financial services, education, government, healthcare, retail, and technology industries, among others. Financial reporting compliance. Its features include: Compliance education & management.

Top 6 Best Practices for Data Governance


Here is an example of a financial services firm that overcame its data challenges and followed the data governance best practice of identifying data domains. . This requires educating them on the value of data governance and communicating how it affects their everyday lives.

GDPR automated decision-making and profiling: what are the requirements?

IT Governance

Profiling is most often used for marketing purposes, but it is also used in other areas, such as healthcare, financial services and education, where large volumes of data need to be analysed in order to make quicker and more consistent decisions. Here at IT Governance, we have a wide range of products and services to help your GDPR compliance project – whatever your budget or level of expertise.


New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process

Hunton Privacy

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. Evaluate systemic risk , which has grown in part because institutions increasingly rely on third-party vendors which are highly concentrated in key areas like cloud services and managed services providers.

US: Coronavirus – Cybersecurity considerations for your newly remote workforce

DLA Piper Privacy Matters

Some newer laws, such as the New York Department of Financial Services Cybersecurity Regulation, require MFA under certain circumstances.

A consumer perspective on FinTech disruption (part 3)


This is the final blog in my three-part series on the disruptive impact of financial technology (FinTech) firms on today’s banks. The blog series is based on the findings of CGI’s 2016 survey of 1,670 consumers across 8 countries, which assessed consumer perspectives on 12 leading digital FinTech services.* As FinTechs increasingly invest in these services, they’re posing a real threat to the customer bases and revenues of traditional banks.

About Half of Surveyed Companies Haven’t Started Preparing for CCPA: Data Privacy Trends

eDiscovery Daily

technology, manufacturing, financial services, utilities and health care companies finds that 44 percent of companies that will impacted by the CCPA haven’t yet taken steps towards compliance. Used by legal and business customers worldwide including more than 50 of the top 250 Am Law firms and many of the world’s leading corporations, CloudNine’s eDiscovery automation software and services help customers gain insight and intelligence on electronic data.