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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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Corporate Finance firms leak 500K+ legal and financial documents online

Security Affairs

The application was launched in January 2018, but it is currently no longer available for download. Advantage and Argus seem to be the same company working under two different names, they offer funding and startup capital to business owners without access to traditional lending and financial services.

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NYDFS settles cybersecurity regulation matter for $3 million

Data Protection Report

On April 14, 2021, the New York Department of Financial Services (NYDFS) announced a $3 million settlement with insurance company National Securities Corp. NSC), relating to violations of three different requirements of the NYDFS cybersecurity regulation during the period 2018 to 2020. NYDFS Cybersecurity Regulation.

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Mysterious custom malware used to steal 1.2TB of data from million PCs

Security Affairs

million Windows systems between 2018 and 2020. The software includes illegal Adobe Photoshop 2018, a Windows cracking tool, and several cracked games.” million unique email addresses, NordLocker found, for an array of different apps and services. terabyte of stolen data. The database includes 6.6 million computers.

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Regulatory Update: NAIC Summer 2018 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2018 National Meeting in Boston, Massachusetts, from August 4 to 7, 2018. The Task Force aims to complete the white paper by the fall of 2018. This post summarizes the highlights from this meeting.

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Digital Banking Trends Survey Identifies Robotic Process Automation Software as a Promising New Technology

Info Source

The 2018 Financial Services Industry Survey Report confirms numerous compliance functions, from initial inquires through customer off-boarding, as key challenges for financial institutions, with 91% citing the “time/cost required from concept to reality” and 86% pointing to “budget constraints” as primary impediments.

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Alleged SIM Swapper Arrested in California

Krebs on Security

The arrest is the third known law enforcement action this month targeting “SIM swappers,” individuals who specialize in stealing wireless phone numbers and hijacking online financial and social media accounts tied to those numbers. Xzavyer Clemente Narvaez was arrested Aug. miles away from 360 Yosemite Drive in Tracy, CA.