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First American Financial Pays Farcical $500K Fine

Krebs on Security

Securities and Exchange Commission settled its investigation into the matter after the Fortune 500 company agreed to pay a paltry penalty of less than $500,000. The SEC says First American derives nearly 92 percent of its revenue from its title insurance segment, earning $7.1 This week, the U.S. First American Financial Corp.

Insurance 282
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SEC Chair: Sweeping New Cybersecurity Rules Are Coming Soon

Data Matters

Securities and Exchange Commission (SEC), announced that he has asked SEC staff to provide sweeping rulemaking recommendations to modernize and expand the agency’s rules relating to cybersecurity. These SEC rules could broadly affect cybersecurity requirements across the U.S. Public Companies and Service Providers.

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Security Compliance & Data Privacy Regulations

eSecurity Planet

Regulatory compliance and data privacy issues have long been an IT security nightmare. GDPR (among other legal requirements in the EU and elsewhere) can expose multinational organizations to hefty financial penalties, additional rules for disclosing data breaches, and increased scrutiny of the adequacy of their data security.

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China Releases National Standard on Personal Information Security

Hunton Privacy

On January 25, 2018, the Standardization Administration of China published the full text of the Information Security Technology – Personal Information Security Specification (the “Specification”). The Specification divides personal information into two categories: personal information and sensitive personal information.

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Data from Airlink International UAE leaked on multiple dark web forums

Security Affairs

Cybersecurity researchers from Cyble have spotted a threat actor sharing leaked data of Airlink International UAE for free on two different platforms. Cybersecurity researchers from Cyble have found a threat actor sharing leaked data of Airlink International UAE for free on two platforms on the dark web. ” reported the media.

Insurance 135
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New York Enacts Stricter Data Cybersecurity Laws

Data Matters

The law broadens the definition of “private information” which sets forth the information elements that, if breached, could trigger a notification obligation. The SHIELD Act also adds a new data security requirement for companies to adopt reasonable safeguards to protect state residents’ data.

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How to Create & Implement a Cloud Security Policy

eSecurity Planet

A cloud security policy is a comprehensive document that describes the organization’s guidelines for protecting cloud services. It specifies how data should be secured, who can access it, and the procedures for monitoring permissions. It establishes rules for cloud data security , access management, and threat response.

Cloud 62