Krebs on Security

JULY 1, 2021

Financial services giant Intuit this week informed 1.4 Intuit says the change is tied to an “exciting” and “free” new service that will let millions of small business employees get easy access to employment and income verification services when they wish to apply for a loan or line of credit.

Financial Services 346

Financial Services Government Authentication IT 346

Security Affairs

DECEMBER 7, 2023

“The Australian and New Zealand Nissan Corporation and Financial Services (“Nissan”) advises that its systems have been subject to a cyber incident. In December 2017, Nissan Finance Canada was hacked , personal information of 1.13 ” reads the statement published by the company on its website.

Financial Services 122

Financial Services Data breaches Ransomware Access 122

Info Source

DECEMBER 5, 2017

With customers in nearly every industry including government, education, financial services, manufacturing and health care, Laserfiche offers solutions tailored to organizations’ needs, and the expertise and personalized service that drive customer success. and Canada.

ECM 40

ECM Education Financial Services Manufacturing 40

Hunton Privacy

NOVEMBER 8, 2023

On November 1, 2023, New York Governor Hochul announced that the New York State Department of Financial Services (“NYDFS”) amended its Cybersecurity Regulation applicable to covered financial institutions. Our previous blog post covered key proposed changes to the Cyber Regulation.

Cybersecurity 72

Cybersecurity IT Compliance Financial Services 72

OpenText Information Management

JULY 25, 2019

According to Accenture, the cost of cybercrime to US Financial Services companies rose 40% between 2014 and 2017, on average costing companies over $18 million per year. Add to this much tighter data protection regulations – such as those in the US and Europe – and the need for endpoint security becomes clear.

Financial Services 58

Financial Services Security 58

Info Source

MAY 30, 2024

Ralph Gammon, Senior Analyst at Infosource May 2024 Ripcord first came onto our radar in 2017, most notably for innovative high-volume scanners, but it also had some early artificial intelligence (AI) powered technology for providing cloud-based Capture, Intelligent Document Processing (IDP) and Content Services to its outsourcing customers.

Artificial Intelligence 40

Artificial Intelligence Financial Services Insurance Content services 40

Schneier on Security

JANUARY 31, 2024

The rules would ensure people can obtain their own financial data at no cost, control who it’s shared with and choose who they do business with in the financial industry. The best way for financial services firms to meet the CFPB’s rules would be to apply the decoupling principle broadly.

Financial Services 123

Financial Services Privacy Personal data Marketing 123

Security Affairs

MARCH 14, 2024

The Australian and New Zealand Nissan Corporation and Financial Services (“Nissan”) advises that its systems have been subject to a cyber incident. In December 2017, Nissan Finance Canada was hacked , personal information of 1.13 reads the statement published by the company on its website.

Data breaches 101

Data breaches Financial Services Ransomware Government 101

IBM Big Data Hub

AUGUST 1, 2023

With IBM Cloud for Financial Services , a first-of-its-kind cloud with built-in controls informed by the industry, we are working to help clients on their missions to mitigate this risk, positioning financial services and other regulated industries to host applications and workloads in the cloud in a secured environment.

Financial Services 63

Financial Services Computer and Electronics Cloud Digital transformation 63

Hunton Privacy

OCTOBER 24, 2022

On October 18, 2022, the New York State Department of Financial Services (“NYDFS”) announced that EyeMed Vision Care LLC (“EyeMed”) agreed to a $4.5 As part of the settlement, EyeMed agreed to conduct a comprehensive cybersecurity risk assessment and prepare an action plan that addresses the risks identified in that assessment.

Cybersecurity 67

Cybersecurity Financial Services Risk Phishing 67

eSecurity Planet

JUNE 25, 2024

In 2017, allegations surfaced that Kaspersky had collaborated with Russian intelligence agencies in the past. These factors ultimately led to the 2017 ban on Kaspersky products for use by U.S. The sanctioned individuals will also be barred from engaging in any financial transactions with U.S. Additionally, some U.S.

Government 109

Government Cybersecurity Marketing Access 109

Collibra

FEBRUARY 11, 2020

Regulators are focusing on the data relationships financial services organizations have with third parties, including how well personal information is being managed. There are several areas that the international financial services regulatory community is engaged in that touch on third party personal data relationships.

Financial Services 59

Financial Services Digital transformation Personal data Compliance 59

Krebs on Security

JANUARY 25, 2022

” According to the Native American Financial Services Association (NAFSA), a trade group in Washington, D.C. According to Buckley LLP , a financial services law firm based in Washington, D.C., As this is an ongoing criminal investigation, we can make no additional comment at this time.”

Financial Services 214

Financial Services IT Data breaches Passwords 214

Hunton Privacy

SEPTEMBER 1, 2021

34-92806 ; and In the Matter of KMS Financial Services, Inc. , Release No. According to the SEC order against KMS Financial Services Inc., The cases are In the Matter of Cetera Advisor Networks LLC , Release No. 34-92800 ; In the Matter of Cambridge Investment Research, Inc. , Release No. 34-92807 , August 30, 2021.

Cybersecurity 113

Cybersecurity Financial Services Cloud Access 113

Security Affairs

SEPTEMBER 29, 2022

The experts were able to enumerate the C2s and targets of multiple distinct Chaos clusters, some of which were employed in recent DDoS attacks against the gaming, financial services and technology, and media and entertainment industries. .” reads the analysis published by Lumen Technologies. ” continues the report.

Mining 93

Mining Financial Services IT Security 93

Security Affairs

AUGUST 7, 2019

The American group of insurance and financial services companies State Farm disclosed a credential stuffing attack it has suffered in July. The American group of insurance and financial services companies State Farm revealed that it was the victim of a credential stuffing attack it has suffered in July. billion per month.

Insurance 89

Insurance Data breaches Financial Services Passwords 89

HL Chronicle of Data Protection

FEBRUARY 25, 2020

Companies should take note of two imminent developments in New York in the area of cybersecurity regulation: enforcement of the New York Department of Financial Services (NYDFS) Cybersecurity Regulation (Regulation) and the effective date of the Stop Hacks and Improve Electronic Data Security Act (SHIELD Act or Act).

Cybersecurity 104

Cybersecurity Financial Services Data breaches Insurance 104

DLA Piper Privacy Matters

NOVEMBER 26, 2018

The top five industry sectors notifying data breaches are: 1) health care, 2) insurance, 3) public administrations and defense, 4) telecoms and 5) financial services. In six months only, the DPA received: 3599 information requests (compared to 2145 information requests in 2017). The other released figures are also remarkable.

GDPR 83

GDPR Data breaches Financial Services Insurance 83

Security Affairs

JANUARY 18, 2019

The bug affected the OCA’s Diameter Signalling Router component and its Communications Services Gatekeeper. The flaw also affected the Financial Services Analytical Applications Infrastructure, the Fusion Middleware MapViewer, and four three Oracle Retail components.

Financial Services 73

Financial Services Libraries Mining Retail 73

Security Affairs

SEPTEMBER 1, 2021

The sanctioned entities are Cetera (Advisor Networks, Investment Services, Financial Specialists, Advisors, and Investment Advisers), Cambridge Investment Research (Investment Research and Investment Research Advisors), and KMS Financial Services.

Financial Services 88

Financial Services Cybersecurity Cloud Security 88

DLA Piper Privacy Matters

FEBRUARY 1, 2018

Data protection is rising on the agenda globally: the past year has seen China introduce the PRC Cybersecurity Law, the introduction of Australia’s mandatory Privacy Amendment (Notifiable Data Breaches) Act 2017, while the EU’s long awaited General Data Protection Regulation is due to come in to force in May 2018.

Data Privacy 49

Data Privacy Privacy Financial Services Data breaches 49

Data Matters

MAY 4, 2022

He is one of the few lawyers who has led multiple global responses to data integrity attacks involving the financial services industry.

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Cybersecurity Marketing Security Privacy 164

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

Data Protection Report

JUNE 2, 2021

On May 13, 2021, the New York Department of Financial Services (NYDFS) announced a $1.8 Readers may recall that NYDFS’ cybersecurity regulation went into effect in March of 2017. Readers may recall that NYDFS’ cybersecurity regulation went into effect in March of 2017. NYDFS Cybersecurity Regulation.

Cybersecurity 71

Cybersecurity Insurance Financial Services Phishing 71

Data Protection Report

APRIL 22, 2021

On April 14, 2021, the New York Department of Financial Services (NYDFS) announced a $3 million settlement with insurance company National Securities Corp. Readers may recall that NYDFS’ cybersecurity regulation went into effect in March of 2017. NYDFS Cybersecurity Regulation.

Cybersecurity 94

Cybersecurity Financial Services Phishing Compliance 94

The Last Watchdog

DECEMBER 6, 2018

In the same vein, businesses at large can use the intelligence cycle as a model to detect and deter any attacks coming from foreign intelligence services. Per a 2017 CNN source , nearly 100,000 agents from as many as 80 nations operate within the United States with the intention of targeting businesses to gain access to key U.S.

Security 149

Security Financial Services Manufacturing Data collection 149

The Last Watchdog

SEPTEMBER 7, 2022

Healthcare and public health, financial services, and IT organizations are frequent targets, although businesses of all sizes can fall victim to these schemes. In fact, ransomware-as-a-service is alive and well, educating would-be offenders on how to undertake an attack and even offering customer support.

Ransomware 124

Ransomware Education Phishing Financial Services 124

Thales Cloud Protection & Licensing

NOVEMBER 27, 2018

The cybersecurity regulation ( 23 NYCRR 500 ) adopted by the New York State Department of Financial Services (NYDFS) is nearly two years old. The 2017 bill, the first of its kind, will be fully implemented as of March 1st, 2019. Even though these regulations only apply to New York, financial institutions across the U.S.

Cybersecurity 71

Cybersecurity Financial Services Encryption Data Privacy 71

Thales Cloud Protection & Licensing

SEPTEMBER 4, 2024

The directive builds upon the foundations laid by the original Payment Services Directive (PSD1 or Directive 2007/64/EC), which opened up the European banking and financial services market nearly a decade ago. Let's explore the details further.

Compliance 62

Compliance Authentication Financial Services Marketing 62

Data Matters

JUNE 24, 2021

In September 2017, then-SEC Chairman Jay Clayton issued a public statement that provided an overview of the SEC’s approach to cybersecurity and underscored it as a priority for the SEC. 20, 2017). Companies should regularly assess compliance with current policies and procedures to confirm the effectiveness as adequate controls.

Cybersecurity 66

Cybersecurity Financial Services Risk Compliance 66

Security Affairs

JANUARY 13, 2019

FlawedGrace is a full-featured RAT that we first observed in November 2017.” ” The TA505 group was first spotted by Proofpoint back 2017, it has been active at least since 2015 and targets organizations in financial and retail industries. ” reads the analysis published by Proofpoint.

IT 96

IT Financial Services Retail Ransomware 96

ARMA International

DECEMBER 26, 2019

Nineteen percent of RIM programs report into IT (up from 15% in 2017), and 28% into legal (up from 18.5% in 2017), with the remainder reporting into senior administrative roles, compliance, corporate services, or finance teams. In 2017, only 25% of respondents reported they had re-organized their programs.

Content services 76

Content services Cloud Records Management Privacy 76

Hunton Privacy

MARCH 23, 2017

On March 21, 2017, New York Attorney General Eric Schneiderman announced that the New York Office of the Attorney General received over 1,300 data breach notifications in 2016, a 60 percent increase from 2015. The reported breaches led to the exposure of personal information of 1.6 million New York residents.

Data breaches 45

Data breaches Financial Services Cybersecurity Security 45

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.

Cybersecurity 53

Cybersecurity Compliance Financial Services Insurance 53

erwin

DECEMBER 20, 2018

An erwin-UBM study conducted in late 2017 sought to determine the biggest drivers for data governance. for Financial Services. www.erwin.com/blog/data-governance-2-0-financial-services/. Organizations operating within the financial services industry were arguably the most prepared for GDPR, given its history.

Government 40

Government Financial Services GDPR Data breaches 40

Hunton Privacy

MARCH 16, 2017

On March 9, 2017, AllClear ID hosted a webinar with Hunton & Williams partner and chair of the Global Privacy and Cybersecurity practice Lisa J. Sotto on the new cybersecurity regulations from the New York State Department of Financial Services (“NYDFS”).

Financial Services 40

Financial Services Insurance Cybersecurity Privacy 40

Security Affairs

SEPTEMBER 20, 2018

“Documents seen by Reuters on Thursday showed Japan’s Financial Services Agency would conduct emergency checks on cryptocurrency exchange operators’ management of customer assets, following the theft. The Tech Bureau took offline the exchange and sold to Fisco Ltd the majority ownership for a 5 billion yen ($44.59

Financial Services 86

Financial Services Retail Security IT 86