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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. This notice requirement explicitly applies to cybersecurity incidents occurring to the covered entity itself, its affiliates, or a third-party service provider.

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Financial services continue to lead in cybersecurity preparedness, but chinks appear in the armor

Thales Cloud Protection & Licensing

Financial services continue to lead in cybersecurity preparedness, but chinks appear in the armor. However, all this attention from cyber criminals, as well as regulators and governments, has produced an extremely resilient industry with some of the best cyber security practices of any sector. Thu, 09/01/2022 - 05:15.

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AI governance: Key for addressing the Executive Order on safe, secure and trustworthy artificial intelligence

Collibra

Discussions surrounding AI governance, regulation, and ethics have taken center stage. The United States government, along with many other countries, has recognized the need to establish a framework for responsible AI development and deployment. And removing the use of AI to create biological weapons.

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The Financial Service and Insurance Industries Need Intelligent Document Processing; Here’s Why

Rocket Software

Analyst firm IDC recently published a Vendor Spotlight report featuring ASG Mobius Content Services (Mobius) and its applications in the financial service and insurance industries. Going forward, businesses need to fill these gaps with the right solutions to manage critical information assets securely and effectively.

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Putting data storage at the forefront of cloud security

IBM Big Data Hub

Recent advances in areas like AI and quantum computing offer transformative potential for businesses, but may also bring new risks and security challenges. IBM is working to address these challenges and evolving threats by helping organizations support highly secure, resilient and durable storage through technology like Cloud Object Storage.

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NYDFS Amends Cybersecurity Rules for Financial Services Companies

Hunton Privacy

On November 9, 2022, the New York Department of Financial Services (NYDFS) released its second, proposed amendments to the Part 500 Cybersecurity Rule. Covered Entities must have a monitoring process that ensures prompt notification of any new security vulnerabilities.

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Unmasking 2024’s Email Security Landscape

Security Affairs

Analyzing the Email Security Landscape and exploring Emerging Threats and Trends. VIPRE Security Group’s latest report, “Email Security in 2024: An Expert Insight into Email Threats,” delves into the cutting-edge tactics and technologies embraced by cybercriminals this year. million as malicious.

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