Remove Encryption Remove Financial Services Remove Government Remove Information 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. The Amendment also includes new governance requirements and responsibilities applicable to the CISO of all covered entities.

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Security Compliance & Data Privacy Regulations

eSecurity Planet

But those aren’t the only laws or regulations that affect IT security teams. There are plenty of others to worry anyone with job titles that include terms like “compliance,” “privacy,” and “security,” from CSOs on down. See the Top Governance, Risk and Compliance (GRC) Tools. PIPL Raises the Bar – And the Stakes.

article thumbnail

Avoslocker ransomware gang targets US critical infrastructure

Security Affairs

. “AvosLocker is a Ransomware as a Service (RaaS) affiliate-based group that has targeted victims across multiple critical infrastructure sectors in the United States including, but not limited to, the Financial Services, Critical Manufacturing, and Government Facilities sectors. Consider installing and using a VPN.

article thumbnail

Cuba Ransomware received over $60M in Ransom payments as of August 2022

Security Affairs

Dollars (USD) and received more than $60 million in ransom payments from over 100 victims worldwide as of August 2022, the US government states. entities Financial Services, Government Facilities, Healthcare and Public Health, Critical Manufacturing, and Information Technology.

article thumbnail

Top 10 Governance, Risk and Compliance (GRC) Vendors

eSecurity Planet

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. Third-party governance. IT governance and security. Privacy governance and management. Enterprise & operational risk management.

article thumbnail

Tackling Data Sovereignty with DDR

Security Affairs

Data sovereignty also encompasses the rights and regulations governing data storage, processing, and transfer and often intersects with privacy, security, and legal considerations. Unlike traditional approaches that focus solely on securing the perimeter, DDR places data at the center of the security strategy.