Data Matters

AUGUST 19, 2020

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.

Financial Services 68

Financial Services Cybersecurity Insurance Risk 68

The Last Watchdog

JULY 11, 2023

By using real-time antivirus scanning to detect and neutralize security risks as they enter the trading system, threats can be quickly identified and eliminated. Implement strong data encryption. Data encryption is fundamental for protecting sensitive information in alternative asset trading.

IT 161

IT Encryption Risk Financial Services 161

IBM Big Data Hub

NOVEMBER 7, 2023

Recent advances in areas like AI and quantum computing offer transformative potential for businesses, but may also bring new risks and security challenges. IBM Cloud Object Storage is built on the IBM Cloud Framework for Financial Services , which was designed to help clients focus on their security and compliance postures.

Cloud 84

Cloud Financial Services Security Compliance 84

Security Affairs

MARCH 18, 2019

Slack announced today to launch encryption keys that will help businesses to protect their data. Slack announced today to launch encryption keys that will help businesses to protect their data. Slack announced today to launch encryption keys that will help businesses to protect their data. What are the security risks of Slack?

Encryption 76

Encryption Risk Financial Services Privacy 76

Data Protection Report

JANUARY 18, 2024

On January 3, 2024, the New York Department of Financial Services announced a consent order with GGT, where GGT agreed to pay NYDFS $8 million and to surrender its BitLicense (for cryptocurrency trading), due to alleged violations of NYDFS’ cybersecurity and its virtual currency regulations.

Cybersecurity 109

Cybersecurity Financial Services Compliance Encryption 109

The Last Watchdog

MAY 23, 2023

Mobile apps work by hooking into dozens of different APIs, and each connection presents a vector for bad actors to get their hands on “API secrets,” i.e. backend data to encryption keys, digital certificates and user credentials that enable them to gain unauthorized control. So be careful out there.

Digital transformation 149

Digital transformation Financial Services Encryption Communications 149

IBM Big Data Hub

DECEMBER 18, 2023

For organizations of all types—and especially those in highly regulated industries such as financial services, government, healthcare and telco—considerations including the rise of generative AI, evolving regulations and data sovereignty laws and ongoing security challenges must be top of mind.

Cloud 68

Cloud Financial Services Compliance Digital transformation 68

Thales Cloud Protection & Licensing

NOVEMBER 20, 2023

Black Friday and Cyber Monday, both hailed as the epitome of shopping extravagance, are also synonymous with a heightened risk of cyberattacks on retail platforms. It becomes, therefore, essential for retailers to consider the fresh insights provided by the Thales 2023 Data Threat Report – Financial Services Edition.

Retail 83

Retail Cybersecurity Financial Services Encryption 83

IBM Big Data Hub

FEBRUARY 22, 2024

IBM’s Enterprise Cloud for Regulated Industries Building on our expertise working with enterprise clients in industries such as financial services, government, healthcare and telco, we saw the need for a cloud platform designed with the unique needs of these heavily regulated industries in mind.

Cloud 78

Cloud Computer and Electronics Compliance Financial Services 78

IBM Big Data Hub

FEBRUARY 5, 2024

The Digital Operational Resilience Act (DORA) marks a significant milestone in the European Union’s (EU) efforts to bolster the operational resilience of the financial sector in the digital age. Furthermore, the RTS Article 6 highlights the necessity for all networked traffic, both internal and external, to be encrypted.

Encryption 72

Encryption Data Privacy Compliance Cloud 72

IBM Big Data Hub

AUGUST 1, 2023

We are bringing the power of foundation models with the availability of a GPU as a service on IBM Cloud offering to help organizations tap into artificial intelligence (AI) in a secured environment while aiming to mitigate third- and fourth-party risk.

Financial Services 66

Financial Services Computer and Electronics Cloud Digital transformation 66

Thales Cloud Protection & Licensing

SEPTEMBER 18, 2023

According to the 2022 Thales Data Threat Report – Financial Services Edition , 52% of U.S. financial services organizations report that they have experienced a data breach in the past. Secure data storage is closely related to encryption and key management. million, second only to healthcare. Requirement 12.5

Compliance 77

Compliance Financial Services Data breaches Encryption 77

IBM Big Data Hub

DECEMBER 14, 2023

A cybersecurity strategy is not solely about managing risk across a business’ IT infrastructure. IBM is supporting clients across industries in their cybersecurity journey by providing comprehensive security capabilities to help make it easier to simplify their risk management and demonstrate regulatory compliance postures.

Cloud 89

Cloud Security Data breaches Cybersecurity 89

Thales Cloud Protection & Licensing

MARCH 6, 2024

Nearly one-third (28%) of all DDoS attacks on APIs focus on financial services organizations, the most targeted industry for this type of attack. With an average of 613 APIs per organization, deprecated endpoints or Broken Object Level Authorization (BOLA) heighten the potential risks facing business.

Security 87

Security Authentication Risk Cybersecurity 87

Thales Cloud Protection & Licensing

FEBRUARY 12, 2024

With each of these new technologies come great benefits, but they also come with great risks, particularly from Quantum computers. The sheer magnitude of their inherent design makes the risks stemming from this new technology extremely impactful. Otherwise, there is a very high risk of organizational wide downtime or data breaches.

Artificial Intelligence 71

Artificial Intelligence Cloud Risk Digital transformation 71

Security Affairs

APRIL 5, 2021

Firmware is becoming a privileged target of threat actors because it usually holds sensitive information like credentials and encryption keys. The lack of investments focused on firmware protection, such as Kernel data protection (KDP), or memory encryption, is one of the most worrisome data emerged from the report. UK, and Japan. .

Cybersecurity 125

Cybersecurity Encryption Financial Services Risk 125

Security Affairs

JUNE 20, 2023

These challenges are intensified in industries that handle large volumes of sensitive data under stringent regulations , such as financial services, healthcare, and government sectors. By recognizing the significance of data sovereignty, businesses can take measures to enhance data security and control, mitigating these risks.

Compliance 88

Compliance Cybersecurity Risk Encryption 88

Thales Cloud Protection & Licensing

JANUARY 11, 2023

Security & Compliance for SAP Data in Financial Services. Financial services companies keep some of their most valuable data in SAP applications, triggering the need for both additional security and taking steps toward meeting compliance requirements. Key Findings from 2022 Global Data Threat Report.

Compliance 83

Compliance Cloud Security Financial Services 83

eSecurity Planet

JANUARY 21, 2021

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. It includes multi-disciplinary risk and compliance management solutions and tools, including: IT & security risk management. Third-party risk management.

Compliance 57

Compliance Risk Government Retail 57

eSecurity Planet

AUGUST 9, 2022

See the Top Governance, Risk and Compliance (GRC) Tools. Other industry standards too can have the force of “pseudo-law” – notably, the NIST Cybersecurity Framework, which federal regulators often apply to financial-services firms and government contractors. Compliance Comes Down to Risk Management.

Data Privacy 138

Data Privacy Compliance Privacy Security 138

ForAllSecure

JANUARY 31, 2023

Therefore, the FFIEC provides guidance on financial regulations and best practices for federal supervisory agencies, as well as helping them develop exam policies for banks, savings associations, credit unions, thrifts, and other financial institutions.

Cybersecurity 52

Cybersecurity IT Financial Services Risk 52

Security Affairs

MARCH 19, 2022

. “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. ransomware and phishing scams).

Ransomware 104

Ransomware Passwords Encryption Financial Services 104

Thales Cloud Protection & Licensing

JANUARY 10, 2022

The financial services ecosystem has evolved tremendously over the past few years driven by a surge in the adoption of digital payments. Retailers need to provide a seamless journey without introducing too much friction while balancing risk. How Can We Secure The Future of Digital Payments? Tue, 01/11/2022 - 06:35.

Retail 126

Retail Security Financial Services Authentication 126

eSecurity Planet

NOVEMBER 17, 2022

Venables spent much of his presentation discussing the many ways Google Cloud reduces concentration risk (see slide below). Also read : Is the Answer to Vulnerabilities Patch Management as a Service? MSSPs Fare Well in First MITRE Evaluations. Backup Is Hard. Really Hard. Prepare Now. The conference — held in McLean, Va.,

Cloud 109

Cloud Ransomware Encryption Cybersecurity 109

Security Affairs

DECEMBER 17, 2023

CISA and ENISA enhance their Cooperation CISA adds Qlik bugs to exploited vulnerabilities catalog Report: 2.6 CISA and ENISA enhance their Cooperation CISA adds Qlik bugs to exploited vulnerabilities catalog Report: 2.6

Security 85

Security Data breaches Ransomware Artificial Intelligence 85

eSecurity Planet

SEPTEMBER 10, 2021

Public cloud infrastructure as a service (IaaS) may be less vulnerable than traditional data centers, but that doesn’t mean it’s without its own set of risks. Does the provider encrypt data while in transit and at rest? What is cloud security? What level of technical support is the provider willing to provide?

Cloud 102

Cloud Security Encryption Risk 102

Data Protection Report

NOVEMBER 2, 2023

On November 1, 2023, the New York Department of Financial Services (NYDFS) finalized the second amendment to its cybersecurity regulations, which are available here. a)(2) [automated scans], 500.7, [risk assessment] 500.14(a)(2) a)(2) [risk-based controls] and 500.14(b) d) and 500.22(e)),

Cybersecurity 104

Cybersecurity Compliance Financial Services Government 104

IBM Big Data Hub

JANUARY 12, 2024

Robust encryption, granular access controls and privacy-preserving techniques become imperative to counter the risks of unauthorized data access and use. Technical assurance makes certain your cloud provider cannot access your data based on technical proof, data encryption and runtime isolation.

Cloud 101

Cloud Data Privacy Encryption Privacy 101

Thales Cloud Protection & Licensing

JANUARY 26, 2021

Coupled with the fact that only about half of all vulnerabilities in the retail industry are getting patched within the first quarter after discovery, it is easy to understand the risks of being defraud by criminals. The use of big data analytics by the banking sector can lead to enhanced fraud detection and superior risk assessment.

Security 143

Security Retail Authentication Big data 143

Thales Cloud Protection & Licensing

NOVEMBER 16, 2020

According to the report, almost all (97%) of financial services organizations store data in the cloud. These tools include smart technology-oriented solutions like encryption and tokenization. The survey data revealed that encryption and tokenization rates remain low. Smart data protection to address all risks.

Digital transformation 62

Digital transformation Encryption Cloud Data breaches 62

The Last Watchdog

AUGUST 15, 2018

In a move to blanket the Internet with encrypted website traffic, Google is moving forward with its insistence that straggling website publishers adopt HTTPS Secure Sockets Layer (SSL). It’s true that most financial services and big-name shopping websites have long ago moved to HTTPS. Related: How PKI can secure IoT.

Security 152

Security Encryption Authentication Financial Services 152

Hunton Privacy

JULY 24, 2020

On Wednesday, July 22, the New York Department of Financial Services (the “NYDFS”) announced that it had filed administrative charges against First American Title Insurance Co. under the NYDFS Cybersecurity Regulation , marking the agency’s first enforcement action since the rules went into effect in March 2017. NYCRR 500.14(b):

Cybersecurity 85

Cybersecurity Risk Financial Services Insurance 85

The Last Watchdog

SEPTEMBER 7, 2022

The technology industry has met the dramatic rise in ransomware and other cyber attacks with an impressive set of tools to help companies mitigate the risks. Healthcare and public health, financial services, and IT organizations are frequent targets, although businesses of all sizes can fall victim to these schemes.

Ransomware 124

Ransomware Education Phishing Financial Services 124

HL Chronicle of Data Protection

OCTOBER 4, 2018

Encryption of Non-public Information (Section 500.15). Covered Entities must implement risk-based policies, procedures and controls designed to monitor the activity of authorized users and detect their unauthorized access or use of, or tampering with, nonpublic information. Encryption of Nonpublic Information (Section 500.15).

Cybersecurity 65

Cybersecurity Encryption Financial Services Compliance 65

Data Protection Report

JANUARY 7, 2019

The two-year transitional period under the New York State Department of Financial Services (“DFS””) Cybersecurity Regulation , 23 NYCRR 500 (the “Regulation”), will expire on March 1, 2019, with the final remaining requirement becoming effective. Third-party service provider risk management program.

Cybersecurity 40

Cybersecurity Compliance Financial Services Risk 40

Data Protection Report

FEBRUARY 8, 2022

When you enter personal information on our Site, we encrypt transmissions involving such information using secure protocols.” Although organizations should consider the optics of partial implementation, companies should not forgo the risk mitigation of incremental improvements. (2) SHIELD Act.

Passwords 98

Passwords Financial Services Authentication Insurance 98

eSecurity Planet

JUNE 16, 2022

Cyber criminals may damage, destroy, steal, encrypt, expose, or leak data as well as cause harm to a system. Encrypted threats spiked 167%, ransomware increased 105%, and 5.4 In May, cybersecurity researchers revealed that ransomware attacks are increasing their aggressive approach by destroying data instead of encrypting it.

Ransomware 137

Ransomware Cybersecurity Phishing Encryption 137