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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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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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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
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ICO issue fine of £4.4 to Interserve for security failings

DLA Piper Privacy Matters

The databases also held special category personal data including ethnic origin; religion; details of disabilities; sexual orientation, and health information relevant to ill-heath retirement applications. On the face of it, this is a sizeable fine issued to a non household name controller for perceived failings in information security.

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China’s PIPL has finally arrived, and brings helpful clarification (rather than substantial change) to China’s data privacy framework

DLA Piper Privacy Matters

Government Access to/Disclosure of Personal Information Data controllers must not provide personal information stored within China to overseas legal or enforcement authorities unless approval is obtained from a China authority. This aligns with a similar provision in the new Data Security Law.

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How to Develop an Incident Response Plan

eSecurity Planet

We make IT, security, or any business decision by weighing the risks and the rewards. Or as is often the case with security, what costs can we skip and still escape big penalties later? For example, we might nominate: The IT security manager to handle a ransomware incident; Our external accountant to investigate financial fraud; or.

Insurance 125