Data Protection Report

JANUARY 7, 2019

The two-year transitional period under the New York State Department of Financial Services (“DFS””) Cybersecurity Regulation , 23 NYCRR 500 (the “Regulation”), will expire on March 1, 2019, with the final remaining requirement becoming effective. Third-party service provider risk management program.

Cybersecurity 40

Cybersecurity Compliance Financial Services Risk 40

Data Matters

JUNE 24, 2021

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.

Cybersecurity 66

Cybersecurity Financial Services Risk Compliance 66

Hunton Privacy

JULY 24, 2020

On Wednesday, July 22, the New York Department of Financial Services (the “NYDFS”) announced that it had filed administrative charges against First American Title Insurance Co. under the NYDFS Cybersecurity Regulation , marking the agency’s first enforcement action since the rules went into effect in March 2017. NYCRR 500.14(b):

Cybersecurity 85

Cybersecurity Risk Financial Services Insurance 85

Data Matters

MARCH 28, 2022

Department of Health and Human Service’s Office for Civil Rights (“OCR”) issued industry guidance for Health Insurance Portability and Accountability Act (“HIPAA”) regulated entities to take preventative steps to protect against some of the more common, and often successful, cyber-attack techniques. On March 17, 2022, the U.S.

Cybersecurity 86

Cybersecurity Privacy Insurance Risk 86

eSecurity Planet

FEBRUARY 16, 2021

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. Raising awareness about ransomware is a baseline security measure. As training sessions have little influence over staff for every potential attack, it makes added security more imperative.

Ransomware 97

Ransomware Encryption Insurance Cloud 97

The Last Watchdog

MARCH 13, 2019

Unfortunately, despite steady advances in malware detection and intrusion prevention systems, and much effort put into training employees to be wary of suspicious email, weaponized email and document-based malware remain as virulent as pervasive as it was two decades ago. The key takeaways: Productivity vs. security.

Systems administration 100

Systems administration Financial Services Insurance Security 100

Data Matters

AUGUST 5, 2019

On July 25, 2019, Governor Cuomo signed the two bills into law, one which amended the state’s data breach notification law, and another that created additional obligations for data breaches at credit reporting agencies. The Stop Hacks and Improve Electronic Data Security Act.

Cybersecurity 66

Cybersecurity Data breaches Privacy Risk 66

DLA Piper Privacy Matters

APRIL 2, 2020

In response to the coronavirus disease 2019 (COVID-19) pandemic, organizations around the world have moved to remote work platforms in a span of a few short weeks. Awareness and Training. Various laws and best practices speak of the need to train network users on the latest security best practices. Email protection.

Cybersecurity 52

Cybersecurity Phishing Authentication Access 52

Data Matters

SEPTEMBER 24, 2019

In Barbados, the public consultation on a draft privacy bill has already taken place and an amended bill has been presented to a Joint Select Committee of both Houses of the Barbados Parliament on May 31, 2019. The BDPA was passed by the BDPA on July 24, 2019 and now awaits the Governor-General’s signature. An Overview of the BDPA.

Personal data 66

Personal data GDPR Data Privacy Privacy 66

DLA Piper Privacy Matters

JULY 30, 2019

Effective cybersecurity requires organizations to move beyond perimeter defense of their own network to protecting sensitive data in the hands of service providers. From a security and legal perspective, service provider cybersecurity requires significant attention and coordination by all parties both before and after hitting the breach.

Data breaches 45

Data breaches Cybersecurity Financial Services Risk 45

The Last Watchdog

MAY 24, 2021

Akamai, which happens to be the Hawaiian word for “smart,” recently released its annual State of the Internet security report. billion hitting financial services organizations — an increase of more than 45 percent year-over-year in that sector. billion web attacks globally; 736 million in the financial services sector.

Financial Services 178

Financial Services Passwords Data breaches Authentication 178

eSecurity Planet

SEPTEMBER 16, 2022

In its 2021 Threat Force Intelligence Index , IBM reported that manufacturing and financial services were the two industries most at risk for attack, making up 23.2% According to FTC findings in 2019, government impostor fraud was the most-reported type of fraud. Take a look at Top Secure Email Gateway Solutions for 2022.

Analytics 113

Analytics Risk Authentication Financial Services 113