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Risk Management under the DORA Regulation

IT Governance

2019 (Q2–Q4) 2020 (Q2–Q4) 2021 (Q2–Q4) 2022 (Q2–Q4) Data breaches 855 752 (-12%) 630 (-16%) 648 (+3%) Cyber attacks 143 245 (+71%) 230 (-6%) 285 (+23%) Note 1: The ICO data set only provides the numbers for Q2 2019 until Q4 2022. In turn, financial institutions heavily depend on ICT to be able to provide those services to begin with.

Risk 104
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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 reported a second cybersecurity event to NYDFS on May 12, 2020. Training and monitoring materials. NYDFS Cybersecurity Regulation.