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. Consider installing and using a VPN.

Ransomware 104

Ransomware Passwords Encryption Financial Services 104

IT Governance

NOVEMBER 23, 2023

Perhaps even more concerning to EU lawmakers is how dependent society at large is on banking and other financial services. In turn, financial institutions heavily depend on ICT to be able to provide those services to begin with. That really shouldn’t surprise us – these are lucrative targets for cyber criminals.

Risk 104

Risk Data breaches Authentication Financial Services 104

Data Matters

JUNE 24, 2021

In the Order, the SEC alleges that First American’s disclosures concerning the vulnerability were deficient because senior executives were not provided all available and relevant information, specifically that First American’s information security personnel had identified and failed to remediate the vulnerability months earlier in January 2019.

Cybersecurity 68

Cybersecurity Financial Services Risk Compliance 68

Data Protection Report

APRIL 22, 2021

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

Cybersecurity 94

Cybersecurity Financial Services Phishing Compliance 94

Hunton Privacy

JULY 12, 2021

On June 30, 2021, the New York State Department of Financial Services (“NYDFS,” the “Department”) issued guidance to all New York state regulated entities on ransomware (the “Guidance”), identifying controls it expects regulated companies to implement whenever possible.

Ransomware 102

Ransomware Security Financial Services Cybersecurity 102

IBM Big Data Hub

JANUARY 10, 2024

Some example use cases to highlight: Confidential AI: leverage trustworthy AI and while ensuring the integrity of the models and confidentiality of data Organizations leveraging AI models often encounter challenges related to the privacy and security of the data used for training and the integrity of the AI models themselves.

Security 78

Security Cloud Data Privacy Financial Services 78

Security Affairs

FEBRUARY 14, 2022

The European Central Bank remarks on the importance of training the staff on cyber threats, the central bank has also been running specific cyber drills to simulate cyber attacks against their infrastructure. Enria explained that European banking institutions need more cybersecurity experts.

Financial Services 76

Financial Services Cybersecurity Risk Security 76

Data Matters

APRIL 20, 2021

DOL guidance provides a series of questions that should serve as a starting point for this review and includes topics such as the service provider’s information security standards, track record, cybersecurity insurance coverage, and cybersecurity validation techniques.

Cybersecurity 68

Cybersecurity Insurance Risk Compliance 68

Data Matters

MARCH 12, 2019

The Safeguards Rule specifies that financial institutions subject to the FTC’s jurisdiction must develop, implement, and maintain a comprehensive information security program for handling customer data. Aligning the Safeguards Rule with State Regimes.

Privacy 68

Privacy IT Information Security Insurance 68

Security Affairs

JUNE 20, 2020

Malicious Chrome browser extensions were used in a massive surveillance campaign aimed at users working in the financial services, oil and gas, media and entertainment, healthcare, government organizations, and pharmaceuticals. ” reads the analysis published by Awake Security.

Healthcare 120

Healthcare Financial Services Communications Security 120

Hunton Privacy

DECEMBER 11, 2014

On December 10, 2014, the New York State Department of Financial Services (the “Department”) announced that it issued an industry guidance letter to all Department-regulated banking institutions that formally introduces the Department’s new cybersecurity preparedness assessment process.

Cybersecurity 40

Cybersecurity Financial Services Insurance Information Security 40

Security Affairs

AUGUST 16, 2023

Other top 4 targeted industries include Manufacturing, Insurance, Technology, and Financial Services seeing 15%, 9%, 7%, and 6% of the campaign traffic respectively.” com (Cloudflare’s Web3 services). . Therefore, it is also imperative that employees are trained not to scan QR codes in emails they receive.”

Phishing 91

Phishing Energy and Utilities Insurance Manufacturing 91

Security Affairs

JUNE 20, 2023

Various data sovereignty challenges arise for many businesses, such as cross-border data transfers, compliance with differing data protection laws, and protecting sensitive information from unauthorized access. The evolving threat landscape presents additional challenges, including the rise of sophisticated cyberattacks.

Compliance 87

Compliance Cybersecurity Risk Encryption 87

IT Governance

JANUARY 10, 2018

Traditional security measures such as firewalls and antivirus software are proving inadequate in the evolving threat landscape. According to a recent study from Invotra , the financial services industry and the public sector both fear sophisticated, harmful cyber threats in 2018.

Customer Experience 84

Customer Experience Financial Services GDPR Phishing 84

Security Affairs

MARCH 14, 2022

Ongoing attacks could cause severe damages to multiple sectors, including transportation, communication, financial services, government facilities, nuclear reactors, and critical manufacturing. ” reported researchers from Cyble. We continue to help Ukrainians in their fight against Russian occupation forces.

Risk 97

Risk Financial Services Manufacturing Communications 97

Data Protection Report

DECEMBER 23, 2019

the Federal Trade Commission has long recommended that companies properly and promptly dispose of personal information once it is no longer necessary to retain it for legal or business reasons. A policy or standard needs to be set, which is then explained by training and is measured. In the U.S., Data is not just a risk.

Privacy 144

Privacy Compliance Personal data Risk 144

Security Affairs

MAY 24, 2023

“The United States and our partners remain committed to combatting the DPRK’s illicit revenue generation activities and continued efforts to steal money from financial institutions, virtual currency exchanges, companies, and private individuals around the world.” correspondent or payable-through account sanctions.”

Government 87

Government Military Financial Services IT 87

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.

Cybersecurity 40

Cybersecurity Compliance Financial Services Risk 40

HL Chronicle of Data Protection

MAY 13, 2019

For example, the New York Department of Financial Services (‘NYDFS’) in March 2017 issued its Cybersecurity Regulation (23 NYCRR 500) (‘the NYDFS Cybersecurity Regulation’), a groundbreaking and far-reaching regulatory regime focused on financial institutions licensed in New York, including insurance companies.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

HL Chronicle of Data Protection

MARCH 14, 2019

Finally, the plan must require evaluation and revisions to it as necessary following a security event. Chief Information Security Officer (“CISO”). Specific information security measures. The proposed Rule is much more detailed in terms of security measures that FIs must implement. Employee training.

Privacy 40

Privacy Risk Cybersecurity Information Security 40

Data Matters

NOVEMBER 13, 2017

Its new Principles reflect its view of the positive potential for new data aggregation services while emphasizing the need to develop a workable industry model that addresses consumer privacy, limits data security risks, promotes transparency and consumer choice and protects the accuracy of financial data.

Financial Services 60

Financial Services Privacy Access Marketing 60

Collibra

MARCH 23, 2021

ATB Financial provides a diversified set of financial services to more than 770,000 residents of Alberta, Canada. Being a regionally focused institution, the group is dedicated to knowing its customers intimately, understanding their needs and providing products and services that help them achieve their goals.

Cloud 59

Cloud Government Access Metadata 59

DLA Piper Privacy Matters

AUGUST 23, 2021

Additional safeguards must be applied for sensitive personal information and processing by CIIOs. The PIPL includes a specific obligation on data controllers to adopt corresponding encryption or deidentification technologies, and to adopt access controls and training. Training : organisations must provide data privacy training.

Data Privacy 111

Data Privacy Privacy Compliance Analytics 111

Data Matters

AUGUST 5, 2019

Furthermore, although entities that already comply with the breach notification requirements under certain state or federal laws (such as the Health Insurance Portability and Accountability Act (HIPAA), the New York Department of Financial Services cybersecurity regulations (23 N.Y.C.R.R.

Cybersecurity 68

Cybersecurity Data breaches Privacy Risk 68

Data Protection Report

DECEMBER 23, 2019

the Federal Trade Commission has long recommended that companies properly and promptly dispose of personal information once it is no longer necessary to retain it for legal or business reasons. A policy or standard needs to be set, which is then explained by training and is measured. In the U.S., Data is not just a risk.

Privacy 52

Privacy Compliance Personal data Risk 52

Hunton Privacy

JULY 22, 2009

The UK Financial Services Authority (FSA) has announced today fines for three HSBC entities totaling £3 million for failing to have adequate systems and controls in place to protect their customers’ confidential data. The fine is the highest to date in the UK and reflects a 30% discount for cooperating with the FSA.

Security 40

Security Insurance Data breaches Personal data 40

Data Matters

FEBRUARY 28, 2019

Connecting cyber and conduct risk – the Report notes that clearly firms are aware of the threats posed by ‘insiders’ but firms need to further consider how they address this risk, in particular by embedding a security culture throughout all aspects of the business. For one, many had defined the threat landscape too narrowly.

Cybersecurity 68

Cybersecurity Risk Marketing Financial Services 68

eSecurity Planet

JANUARY 21, 2021

LogicManager’s GRC solution has specific use cases across financial services, education, government, healthcare, retail, and technology industries, among others. LogicManager is lauded for its user experience and technical training and was named a Challenger in Gartner’s 2020 Magic Quadrant for IT risk management.

Compliance 67

Compliance Risk Government Retail 67

eSecurity Planet

JANUARY 21, 2021

LogicManager’s GRC solution has specific use cases across financial services, education, government, healthcare, retail, and technology industries, among others. LogicManager is lauded for its user experience and technical training and was named a Challenger in Gartner’s 2020 Magic Quadrant for IT risk management.

Compliance 57

Compliance Risk Government Retail 57

Data Matters

APRIL 23, 2018

Information security is not yet a science; outside of the handful of issues falling under the field of cryptography, there is no formalized system of classification. The most prepared cybersecurity programs of today will not attempt to implement a static, “out-of-the-box” solution to cyber risk.

Cybersecurity 60

Cybersecurity Risk Passwords Authentication 60

KnowBe4

MAY 31, 2023

That's right – the financial services industry, at least according to cybersecurity vendor Armorblox's 2023 Email Security Threat Report. Blog post with links: [link] [Live Demo] Ridiculously Easy Security Awareness Training and Phishing Old-school awareness training does not hack it anymore.

Phishing 81

Phishing File names Security awareness Risk 81

ForAllSecure

AUGUST 2, 2022

Anyone who has anyone in the information security community is usually melting under the hot Nevada sun. And by de I'm an analyst at Javelin strategy and research where I do security risk and fraud for the financial services industry. Yes, grasshoppers invaded Las Vegas at the start of hacker summer camp in 2019.

Computer and Electronics 40

Computer and Electronics IT Security Mining 40

IT Governance

APRIL 29, 2024

AI Scientists successfully use AI to detect AI-generated videos Scientists at the MISL (Multimedia and Information Security Lab) in Drexel University’s College of Engineering have developed a suite of tools to detect AI-generated videos at the sub-pixel level. To learn more about our research methodology, click here.

Data Privacy 94

Data Privacy Privacy Manufacturing Security 94

Data Matters

APRIL 21, 2020

The Advisory recommends that financial institutions take independent steps to protect against the North Korean cyber threat. The Advisory’s recommendations are in accord with general cybersecurity regulations that govern financial institutions. Cybersecurity best practices are discussed further below. Notify law enforcement.

Cybersecurity 68

Cybersecurity Risk Ransomware Government 68