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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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What is a Cyberattack? Types and Defenses

eSecurity Planet

Cyber criminals may damage, destroy, steal, encrypt, expose, or leak data as well as cause harm to a system. Cyberattacks are on the rise, with cyber criminal trends and techniques becoming increasingly sophisticated and creative. Encrypted threats spiked 167%, ransomware increased 105%, and 5.4 Ransomware. Other methods.

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Ransomware Protection in 2021

eSecurity Planet

All of your files are encrypted with RSA-2048 and AES-128 ciphers.” ” Or you might see a readme.txt stating, “Your files have been replaced by these encrypted containers and aren’t accessible; you will lose your files on [enter date] unless you pay $2500 in Bitcoin.” IMPORTANT INFORMATION !!!

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Cybersecurity Standards for the Insurance Sector – A New Patchwork Quilt in the US?

HL Chronicle of Data Protection

For example, the New York Department of Financial Services (‘NYDFS’) in March 2017 issued its Cybersecurity Regulation (23 NYCRR 500) (‘the NYDFS Cybersecurity Regulation’), a groundbreaking and far-reaching regulatory regime focused on financial institutions licensed in New York, including insurance companies.

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FTC Seeks Comment on Proposed Changes to GLBA Implementing Rules

HL Chronicle of Data Protection

The Director of the FTC’s Bureau of Consumer Protection, Andrew Smith, stated that the “proposed changes are informed by the FTC’s almost 20 years of enforcement experience” and are designed to “keep up with marketplace trends and respond to technological developments.” Chief Information Security Officer (“CISO”).

Privacy 40
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Sibos 2018 – a whirlwind tour of my week down under

CGI

Sibos is one of the biggest banking industry events and is run in a different location every year allowing the great and the good of the financial services world to get away from the office for a week and spend some time seeing what else is going on in the market. as part of the launch of the Trade Information Network.

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Best Digital Forensics Tools & Software for 2021

eSecurity Planet

Since the inception of data forensics almost forty years ago, methods for investigating security events have given way to a market of vendors and tools offering digital forensics software (DFS). The following sections touch on the importance of DFS capabilities and trends in the DFS market. DFS Market Trends.