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SEC Announces Settled Charges Against First American for Cybersecurity Disclosure Controls Failures – Lessons Learned

Data Matters

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.

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Medical info of 49,351 patients exposed in Alomere Health hospital breach

Security Affairs

Exposed data include names, addresses, dates of birth, medical record numbers, health insurance information and diagnosis and treatment details information. Attackers also accessed Social Security numbers and driver’s license numbers for some patients. . Pierluigi Paganini. SecurityAffairs – Alomere Health, hacking).

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New York Banking Regulator Announces New Cybersecurity Assessment Process

Hunton Privacy

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.

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Historic Charges: First Enforcement Action Filed by New York Department of Financial Services Under Cybersecurity Regulation

Data Matters

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

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SEC Chair: Sweeping New Cybersecurity Rules Are Coming Soon

Data Matters

Establish and Implement Proper Policies and Procedures: The orders against First American and Pearson highlight the importance of maintaining policies and procedures for the reporting of security incidents and patching as well as the proper training of personnel under these policies and procedures. 20, 2021), [link].

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An Approach to Cybersecurity Risk Oversight for Corporate Directors

Data Matters

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. Principle 5.