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France data protection agency fines Uber 400k Euros Over 2016 Data Breach

Security Affairs

France’s data protection agency had fined the ride-sharing company Uber with 400,000 euros ($455,000) over a 2016 data breach. The data breach suffered by Uber in 2016 exposed the personal data of some 57 million clients and drivers worldwide. SecurityAffairs – hacking, 2016 data breach). Pierluigi Paganini.

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FTC Seeks Comment on Proposed Changes to its GLBA Safeguards and Privacy Rules

Data Matters

Last week, the Federal Trade Commission (“FTC”) got into the act as well, releasing two notices of proposed rulemaking (“NPRM”) on potential changes to its the Standards for Safeguarding Customer Information (“Safeguards Rule”) and Privacy of Consumer Financial Information Rule (“Privacy Rule”) under the Gramm-Leach-Bliley Act.

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Insurers’ role will be critical in improving cybersecurity standards

CGI

Insurers’ role will be critical in improving cybersecurity standards. Wed, 08/31/2016 - 08:00. As the cyber liability market grows, the insurance industry may also play an increasingly important role in driving change in the cybersecurity landscape. The unique challenges of cyber risk.

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FIN8 group used a previously undetected Sardonic backdoor in a recent attack

Security Affairs

The group has been active since 2016, it leverages known malware such as PUNCHTRACK and BADHATCH to infect PoS systems and steal payment card data. The group focuses on organizations in the insurance, retail, technology, and chemical industries in the U.S., Canada, South Africa, Puerto Rico, Panama, and Italy.

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New York Announces Proposed Cybersecurity Regulation to Protect Consumers and Financial Institutions

Hunton Privacy

The proposed regulation requires regulated financial institutions to take various actions, including: adopting a written cybersecurity policy; establishing a cybersecurity program; designating a Chief Information Security Officer to oversee and enforce its new program and policy; and.

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Why Cybersecurity Pros Should Care About Governance

Getting Information Done

Ultimately, the chief information security officer (CISO) needs to understand the information footprint across systems, determine the value/risk of loss, and protect against cyberattacks through the deployment of control activities, which are commensurate with the value/risk of these information systems.

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Court Rules Fraud Involving a Computer Is Not ‘Computer Fraud’ under Crime Protection Policy

Hunton Privacy

On October 18, 2016, the United States Court of Appeals for the Fifth Circuit held in Apache Corp. Apache recouped a portion of the payments from its bank and attempted to recover the balance from its insurer. Apache was insured under a crime-protection insurance policy issued by Great American Insurance Company (“GAIC”).