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Financial Services Organizations Need to Adapt their Security Practices to the Shifting Environment

Thales Cloud Protection & Licensing

Financial Services Organizations Need to Adapt their Security Practices to the Shifting Environment. Even “traditional banks” seek to drive more revenue from digital products, personalized services and experiences. At the same time, financial services organizations need to adapt to a shifting global environment.

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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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SAP Security Patch Day for May 2019 fixes many missing authorization checks

Security Affairs

SAP released SAP Security Patch Day for May 2019 that includes 8 Security Notes, 5 of which are updates to previously released Notes. ” reads the security advisory for the CVE-2019-0301. .” ” reads the security advisory for the CVE-2019-0301. SecurityAffairs – SAP Security Patch Day for May 2019 ).

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Privacy and Cybersecurity March 2019 Events

HL Chronicle of Data Protection

Please join us for our March 2019 events. Mark Brennan will discuss TCPA issues on the panel, “Financial Services and Litigation Trends,” at the American Financial Services Association (AFSA) Law and Compliance Symposium 2019. March 12-13. Telephone Consumer Protection Act.

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

Security Affairs

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. The researchers discovered the unsecured database in December 2019.

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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. According to the consent order, the matter began when NSC reported a cybersecurity event to NYDFS on October 23, 2019. The second incident occurred in March of 2019.

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Risk Management under the DORA Regulation

IT Governance

Although the total number of data breaches – or rather, in those reported – decreased by 24% between 2019 and 2022 in the finance sector, the number of incidents increased by 99%. So to account for seasonality, we’ve only looked at Q2–Q4 for all four years (2019–2022). million (about £4.70

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