Hunton Privacy

FEBRUARY 25, 2021

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. sought coverage for expenses under its property insurance policy.

Insurance 70

Insurance Cybersecurity Risk Education 70

Data Matters

MARCH 12, 2019

Over the last few years, States have enacted increasingly aggressive legislation concerning data privacy and security, raising concerns that companies will be subject to a patchwork of different standards. Other Notable Changes. The proposed changes would amend the Rule to reflect this change.

Privacy 68

Privacy IT Information Security Insurance 68

HL Chronicle of Data Protection

MAY 13, 2019

In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan. NYDFS: Setting a new bar for state cybersecurity regulation.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

DLA Piper Privacy Matters

AUGUST 23, 2021

Rather than bringing substantial changes to the existing China data privacy framework, the PIPL helpfully consolidates and clarifies obligations on processing of personal information at a national law level. To be clear, this is not China’s own GDPR.

Data Privacy 111

Data Privacy Privacy Compliance Analytics 111

The Last Watchdog

JANUARY 30, 2019

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Risk 147

Risk Financial Services Insurance Cybersecurity 147

IBM Big Data Hub

FEBRUARY 14, 2024

But right now, pure AI can be programmed for many tasks that require thought and intelligence , as long as that intelligence can be gathered digitally and used to train an AI system. Generative AI can produce high-quality text, images and other content based on the data used for training. We’re all amazed by what AI can do.

Artificial Intelligence 88

Artificial Intelligence Retail Unstructured data Insurance 88

IBM Big Data Hub

FEBRUARY 23, 2024

DL models can improve over time through further training and exposure to more data. HR and internal processes: Conversational AI applications streamline HR operations by addressing FAQs quickly, facilitating smooth and personalized employee onboarding, and enhancing employee training programs. AI training is a continuous process.

Analytics 106

Analytics Artificial Intelligence Marketing Education 106

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 Protection Report

NOVEMBER 16, 2022

2022 has been a record year for Illinois Biometric Information Privacy Act (“BIPA”) litigation. Since its enactment in 2008, BIPA has been one of the most litigated privacy-related laws with some of the highest penalties. However, it wasn’t until last month that the first BIPA jury verdict was ever rendered. Who is covered by BIPA?

Financial Services 98

Financial Services Privacy Compliance Insurance 98

Data Matters

JUNE 24, 2021

On June 15, 2021, the SEC announced settled charges against First American Title Insurance Company (First American) for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information. See CF Disclosure Guidance: Topic No. 2, Cybersecurity (Oct. 14, 2011). 15, 2020).

Cybersecurity 68

Cybersecurity Financial Services Risk Compliance 68

Hunton Privacy

JULY 24, 2020

On Wednesday, July 22, the New York Department of Financial Services (the “NYDFS”) announced that it had filed administrative charges against First American Title Insurance Co. under the NYDFS Cybersecurity Regulation , marking the agency’s first enforcement action since the rules went into effect in March 2017. NYCRR 500.14(b):

Cybersecurity 85

Cybersecurity Risk Financial Services Insurance 85

KnowBe4

FEBRUARY 14, 2023

This means you have a bunch of users that unwittingly follow a set of unusual and unnecessary clicks that they should know better than to follow – something they learn very quickly if they are enrolled in new-school security awareness training. Blog post with links: [link] Are Your Users Making Risky Security Mistakes?

Phishing 83

Phishing Security awareness Compliance Risk 83

Hunton Privacy

APRIL 27, 2017

Earlier this month, the New York State Department of Financial Services (“NYDFS”) recently published FAQs and key dates for its cybersecurity regulation (the “NYDFS Regulation”) for financial institutions that became effective on March 1, 2017. September 3, 2018 – the eighteen month transitional period ends.

Cybersecurity 53

Cybersecurity Compliance Financial Services Insurance 53

HL Chronicle of Data Protection

MARCH 14, 2019

The Federal Trade Commission (“FTC”) issued notices on March 5 seeking public comment on proposed amendments to the regulations implementing the Gramm-Leach-Bliley Act (“GLBA”), commonly known as the Safeguards Rule and Privacy Rule. Employee training. Proposed Changes to the Privacy Rule.

Privacy 40

Privacy Risk Cybersecurity Information Security 40

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

Data Matters

AUGUST 5, 2019

Together, the new laws require the implementation of reasonable data security safeguards, expand breach reporting obligations for certain types of information, and require that a “consumer credit reporting agency” that suffers a data breach provide five years of identity theft prevention services for impacted residents.

Cybersecurity 68

Cybersecurity Data breaches Privacy Risk 68

Data Matters

SEPTEMBER 24, 2019

Today, more than 120 countries have privacy and data protection laws or regulations in place. This comprehensive data privacy law wave has already reached parts of Latin America and the Caribbean. Data privacy officer. The BDPA was passed by the BDPA on July 24, 2019 and now awaits the Governor-General’s signature.

Personal data 68

Personal data GDPR Data Privacy Privacy 68

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

CGI

MAY 26, 2016

It identifies common best practices, terminology, strategies, principles and technologies for security and privacy in information systems. . Years of testing have afforded financial institutions a certain level of confidence that their staff would know how to react in the event of a disaster. Data loss prevention. Vendor management.

Cybersecurity 40

Cybersecurity Risk Financial Services Compliance 40

eSecurity Planet

JANUARY 21, 2021

Data privacy regulations like the EU’s General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) can be hard to navigate for businesses of any size, but GRC tools can simplify and streamline compliance with all of the requirements. Financial reporting compliance. LogicManager. Back to top.

Compliance 67

Compliance Risk Government Retail 67

eSecurity Planet

JANUARY 21, 2021

Data privacy regulations like the EU’s General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) can be hard to navigate for businesses of any size, but GRC tools can simplify and streamline compliance with all of the requirements. Financial reporting compliance. LogicManager. Back to top.

Compliance 57

Compliance Risk Government Retail 57

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

DLA Piper Privacy Matters

JULY 30, 2019

Some states – such as Alabama, Massachusetts and New York (for financial services companies) – prescribe particular requirements of a “reasonable” cybersecurity program. At least nine states expressly extend these requirements to service providers. Proof of adequate cyber insurance coverage.

Data breaches 45

Data breaches Cybersecurity Financial Services Risk 45

DLA Piper Privacy Matters

APRIL 2, 2020

Awareness and Training. Various laws and best practices speak of the need to train network users on the latest security best practices. Some newer laws, such as the New York Department of Financial Services Cybersecurity Regulation, require MFA under certain circumstances.

Cybersecurity 52

Cybersecurity Phishing Authentication Access 52

IT Governance

JANUARY 16, 2024

GB Rebekah Children’s Services Source (New) Non-profit USA Yes 2,805 Butte School District Source 1 ; source 2 (Update) Education USA Yes 2,658 Dignity Health Nevada St. Source (New) Real estate USA Yes 10 GB Unitex Source (New) Manufacturing USA Yes 9.5

Data Privacy 52

Data Privacy Privacy Manufacturing Retail 52

IT Governance

JANUARY 23, 2024

Source (New) Real estate USA Yes 46,906 Hampton-Newport News Community Services Board Source 1 ; source 2 ; source 3 (New) Healthcare USA Yes 44,312 Air Methods Source 1 ; source 2 (New) Healthcare USA Yes 34,016 GREYHOURS Source (New) Retail France Yes 18,700 Groveport Madison Schools Source 1 ; source 2 ; source 3 (Update) Education USA Yes 15.5

Data Privacy 52

Data Privacy Privacy Manufacturing Retail 52

IT Governance

APRIL 29, 2024

Known data breached Discord (via Spy.pet) Source (New) IT services USA Yes 4,186,879,104 Baidu, Inc., Subscribe now The post The Week in Cyber Security and Data Privacy: 22 – 28 April 2024 appeared first on IT Governance UK Blog.

Data Privacy 94

Data Privacy Privacy Manufacturing Security 94

eSecurity Planet

AUGUST 13, 2021

For everything from minor network infractions to devastating cyberattacks and data privacy troubles , digital forensics software can help clean up the mess and get to the root of what happened. For solutions, Exterro offers products across e-discovery, privacy, risk management, and digital forensics.

e-Discovery 139

e-Discovery Computer and Electronics Marketing Compliance 139

Data Matters

APRIL 23, 2018

The hope is that the strategy outlined herein will help corporate directors and executives who support them ( e.g. , legal, information technology security, privacy, compliance, and audit) make practical use of the various technical guidelines available without misaligning their systems from the broader corporate mission. Principle 5.

Cybersecurity 60

Cybersecurity Risk Passwords Authentication 60

Collibra

JANUARY 18, 2022

The financial services industry has had a longstanding tradition of being at the forefront of adopting new technologies. This will help ensure data is fully governed for use and in compliance with privacy policies and regulatory stipulations. . Is the data trustworthy and fully governed for use?

Financial Services 52

Financial Services Cloud Artificial Intelligence Government 52

ForAllSecure

JANUARY 19, 2022

As an American, I marvel at this idea that someone might be interested in protecting my right to privacy online, and that if something were to happen, there’s a non-governmental agency set up to help. Moffett: So I think there's been huge improvements in sort of end user awareness and training. Information rights.

Passwords 52

Passwords Authentication Access Data breaches 52