Remove 2017 Remove Financial Services Remove IT Remove Ransomware
article thumbnail

NYDFS releases major update to Part 500 cybersecurity requirements for financial services companies

Data Protection Report

On November 1, 2023, the New York Department of Financial Services (“NYDFS”) released the finalized amendments of Part 500 of its cybersecurity regulations. These revisions represent the most significant modifications since the enactment of the rules in March 2017.

article thumbnail

GUEST ESSAY: The drivers behind persistent ransomware — and defense tactics to deploy

The Last Watchdog

The internet has drawn comparisons to the Wild West, making ransomware the digital incarnation of a hold-up. The technology industry has met the dramatic rise in ransomware and other cyber attacks with an impressive set of tools to help companies mitigate the risks. Ransomware usually starts with a phishing email. Prevalence.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

NYDFS Updates Its Cybersecurity Regulation to Protect Against Growing Cyber Threats

Hunton Privacy

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.

article thumbnail

New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024

Thales Cloud Protection & Licensing

New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024 madhav Fri, 10/25/2024 - 06:09 The next major deadline for compliance with the updated cybersecurity rules from the New York State Department of Financial Services (NYDFS) is November 1, 2024.

article thumbnail

New York Department of Financial Services Issues First Guidance by a U.S. Regulator Concerning Cyber Insurance

Data Matters

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. individuals and businesses comply with ransomware payment demands in this October 2020 client alert.) The post New York Department of Financial Services Issues First Guidance by a U.S. Background. 1 See W.B.

article thumbnail

A cyber attack hit Nissan Oceania

Security Affairs

“The Australian and New Zealand Nissan Corporation and Financial Services (“Nissan”) advises that its systems have been subject to a cyber incident. The problems suffered by the company suggest that its systems were infected with ransomware. In December 2017, Nissan Finance Canada was hacked , personal information of 1.13

article thumbnail

Experts linked ransomware attacks to China-linked APT27

Security Affairs

Researchers from security firms Profero and Security Joes linked a series of ransomware attacks to the China-linked APT27 group. Security researchers from security firms Profero and Security Joes investigated a series of ransomware attacks against multiple organizations and linked them to China-linked APT groups.