Data Matters

AUGUST 19, 2020

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.

Financial Services 66

Financial Services Cybersecurity Insurance Risk 66

Hunton Privacy

FEBRUARY 22, 2021

As we previously reported , NYDFS issued guidance regarding cybersecurity during the pandemic in April 2020.

Financial Services 86

Financial Services Insurance Cybersecurity Analytics 86

Data Matters

FEBRUARY 10, 2021

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. 1 See W.B.

Insurance 77

Insurance Financial Services Cybersecurity Risk 77

Dark Reading

FEBRUARY 15, 2021

Consumer banks, exchanges, payment firms, and card issuing companies around the globe were among those hit.

Financial Services 73

Financial Services 73

Hunton Privacy

APRIL 22, 2020

On April 13, 2020, the New York Department of Financial Services (“NYDFS”) issued guidance (“April guidance”) to all New York State entities covered under NYDFS’s cybersecurity regulation regarding assessing and addressing heightened cybersecurity risks due to the COVID-19 pandemic.

Financial Services 71

Financial Services Cybersecurity Risk Phishing 71

Data Breach Today

FEBRUARY 26, 2020

Security Experts Discuss Authentication Challenges in the Financial Services Sector Improvements in behavioral biometrics and analytics are changing the way many financial services firms approach authentication.

Analytics 177

Analytics Financial Services Authentication Access 177

HL Chronicle of Data Protection

APRIL 17, 2020

Continuing its focus on COVID-19’s impact on its regulated entities, on April 13, the New York Department of Financial Services (NYDFS) released new cybersecurity guidance in response to the COVID-19 pandemic.

Financial Services 75

Financial Services Risk Cybersecurity Phishing 75

Info Source

JANUARY 28, 2021

16, 2020 – Ephesoft, Inc. , 16, 2020 – Ephesoft, Inc. , This alliance will provide a premiere AI-based, cloud-native, low-code HyperApp solution for the mortgage and financial services industries. In the second quarter of 2020 alone, nearly $1.1 New partnership between Ephesoft and JIFFY.ai IRVINE, Calif. –

Digital transformation 52

Digital transformation Financial Services Marketing Cloud 52

Reltio

DECEMBER 22, 2020

While 2020 has been challenging, challenges make us stronger. We continue to strengthen our customer list with leaders in Financial Services, Insurance, CPG, Apparel, High Tech, and other industries. As we say goodbye to 2020 with gratitude for lessons learned, we look forward to saying hello to a better and brighter 2021! .

Digital transformation 98

Digital transformation Financial Services Insurance Cloud 98

DLA Piper Privacy Matters

MARCH 4, 2021

In its second full year overseeing and regulating the GDPR in Ireland, the Data Protection Commission ( DPC ) has published its 2020 Annual Report , highlighting key observations, emerging guidance, and large scale inquiries and decisions of 2020. 90% of the recorded breach cases were concluded in 2020. Breach Notifications.

GDPR 105

GDPR Compliance Data breaches Marketing 105

Dark Reading

FEBRUARY 9, 2021

Cloud services was the most impersonated industry, followed by financial services, e-commerce, and social media, researchers report.

Financial Services 89

Financial Services Cloud 89

Security Affairs

SEPTEMBER 6, 2024

The FBI, CISA, and NSA linked threat actors from Russia’s GRU Unit 29155 to global cyber operations since at least 2020. Since 2020, the unit has expanded into offensive cyber operations aimed at espionage, reputational harm, and data destruction. These operations include espionage, sabotage, and reputational damage.

Financial Services 140

Financial Services Government IoT Communications 140

eDiscovery Law

AUGUST 12, 2020

Key Insight: Spoliation had occurred, but no default judgment issued. Evidence regarding destruction was allowed, no testimony from plaintiffs regarding unpreserved ESI and adverse inference instruction. Nature of Case: Breach of Contract Electronic Data Involved: Emails and Computers Keywords: adverse inference, sanctions View Case Opinion.

Financial Services 40

Financial Services Computer and Electronics Communications Data preservation 40

Info Source

FEBRUARY 2, 2021

Product Innovation, Expansion of Channel Program, and Robust Pipeline of Legacy ECM Migration Projects Result in Strong 2020 . Our success in 2020 illustrates that an increasing number of companies are looking to quickly set up and scale automated document processing in the cloud,” said Ron Cameron, CEO of KnowledgeLake.

Cloud 59

Cloud ECM Financial Services Manufacturing 59

Thales Cloud Protection & Licensing

FEBRUARY 11, 2020

2020 ends a decade, and the new year prompted me to think “Wow it’s been two decades since we started Vormetric.” So, in 2020 we’re looking at frontiers like the cloud and cloud native technologies (including microservices). The post Hindsight is 2020. And the mission we started then still applies now.

Cloud 113

Cloud Government Financial Services Access 113

IBM Big Data Hub

AUGUST 10, 2023

By prioritizing resiliency, performance, security and compliance, fintechs are helping to revolutionize the way financial services are delivered. Founded in the UK in 2020, MySocialPulse has continued to scale its business by leveraging both cloud and AI technologies from IBM.

Cloud 65

Cloud Financial Services Artificial Intelligence Digital transformation 65

Data Matters

DECEMBER 28, 2020

The National Association of Insurance Commissioners (NAIC) held its Fall 2020 National Meeting (Fall Meeting) December 3-9, 2020. The preliminary draft of the SSAP 43R Issue Paper was exposed for comment during the Spring 2020 National Meeting. Revisions to SSAP No. Revisions to SSAP No.

Insurance 66

Insurance Paper Risk Analytics 66

Security Affairs

FEBRUARY 19, 2024

Since January 2020, affiliates utilizing LockBit have targeted organizations of diverse sizes spanning critical infrastructure sectors such as financial services, food and agriculture, education, energy, government and emergency services, healthcare, manufacturing, and transportation. on January 5, 2020.

Energy and Utilities 136

Energy and Utilities Ransomware Agriculture Financial Services 136

Krebs on Security

JULY 23, 2020

According to a filing (PDF) by the New York State Department of Financial Services (DFS), the weakness that exposed the documents was first introduced during an application software update in May 2014 and went undetected for years. First American released its first quarter 2020 earnings today.

Insurance 319

Insurance Financial Services Mining Access 319

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 The NYDFS’s consent order notes that EyeMed’s failure to comply with the Cybersecurity Regulation left EyeMed vulnerable to threat actors.

Cybersecurity 67

Cybersecurity Financial Services Risk Phishing 67

Security Affairs

MAY 24, 2023

Iran-linked threat actor Tortoiseshell targeted shipping, logistics, and financial services companies in Israel with watering hole attacks. Five out of eight compromised websites were hosted by the uPress hosting service, which was hit by a cyber attack carried out by the Iranian group Emennet Pasargad5, “Hackers of Savior”, in 2020.

Financial Services 98

Financial Services Security Cybersecurity IT 98

IBM Big Data Hub

FEBRUARY 5, 2024

The rise of check fraud According to the Financial Crimes Enforcement Network (FinCEN), reports of check fraud have more than doubled over the last three years. FinCEN reported 680,000 cases of possible check fraud in 2022, up from 350,000 in 2021 , indicating a 23% increase over 2020.

Financial Services 85

Financial Services Cloud Risk Compliance 85

Hunton Privacy

MARCH 11, 2021

On March 3, 2020, the New York Department of Financial Services (“NYDFS”) announced it had entered into a settlement with Residential Mortgage Services, Inc. (“RMS”) NYDFS further alleged that RMS did not conduct an investigation or identify the compromised consumer data until directed to do so by NYDFS in 2020.

Data breaches 97

Data breaches Cybersecurity Financial Services Personal data 97

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

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

Thales Cloud Protection & Licensing

SEPTEMBER 4, 2024

However, to accommodate the industry's need for additional preparation, the European Banking Authority (EBA) granted further exemptions, extending the final deadline to 31 December 2020. In the UK, the Financial Conduct Authority (FCA) set a later deadline of March 14, 2022, allowing UK issuers additional time to comply.

Compliance 62

Compliance Authentication Financial Services Risk 62

Hunton Privacy

JULY 1, 2022

On June 24, 2022, the New York State Department of Financial Services (“NYDFS” or the “Department”) announced it had entered into a $5 million settlement with Carnival Corp.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

eSecurity Planet

AUGUST 22, 2021

Cloudflare last month fought off a massive distributed denial-of-service (DDoS) attack by a botnet that was bombarding 17.2 million requests per second (rps) at one of the internet infrastructure company’s customers in the financial services space. DDoS Attacks on the Rise. That prediction proved correct.

Financial Services 142

Financial Services IoT Education Passwords 142

Security Affairs

FEBRUARY 21, 2024

According to the press release published by the Department of State , the Lockbit ransomware operators carried out over 2,000 attacks against victims worldwide since January 2020. LockBit ransomware attacks have resulted in ransom payments exceeding $144 million for recovery. reads the press release published by DoJ.

Energy and Utilities 135

Energy and Utilities Ransomware Agriculture Manufacturing 135

Dark Reading

DECEMBER 19, 2019

Between Europe's and California's privacy laws, companies have a complex landscape to navigate in 2020. Even data-mature industries, such as financial services, see problems ahead.

Privacy 61

Privacy Financial Services 61

Data Matters

JANUARY 19, 2023

trillion at the end of 2020 (double the figure of 2015) and continues to rise in the EU and globally notably due to ongoing geopolitical conflicts in Ukraine and Russia.

Financial Services 86

Financial Services Cybersecurity Ransomware Marketing 86

Data Matters

JUNE 12, 2020

The ANPR also focuses on critical new technologies such as distributed ledgers and artificial intelligence, asking, for example: “What types of activities related to cryptocurrencies or cryptoassets are financial services companies or bank customers engaged? Comments are due by August 3, 2020.

Artificial Intelligence 66

Artificial Intelligence Blockchain Financial Services Computer and Electronics 66

The Last Watchdog

NOVEMBER 7, 2023

Risk Ledger has seen rapid adoption over the past two years and today counts over 5,000 organisations with 17,000 users across large public sector and financial services organisations as customers. Client bookings have consistently doubled year on year, or more, since the company launched its platform in 2020.

Risk 100

Risk Security Financial Services Information Security 100

Data Matters

JULY 17, 2020

July 21 & 22, 2020. Tuesday, July 21, 2020 – Register. Wednesday, July 22, 2020 – Register. Senior Associate, Banking and Financial Services Practice, London. PT | 11:00 a.m. ET | 4:00 p.m. BST | 11:00 a.m. CET | 5:00 p.m. Senior Associate, Cyber Risk Practice, Kroll. Colleen Brown. Max Savoie.

Cybersecurity 66

Cybersecurity Financial Services GDPR Privacy 66

Security Affairs

JUNE 15, 2023

organizations since 2020. organizations since 2020. The operation targeted many organizations in critical infrastructure sectors, including financial services, food and agriculture, education, energy, government and emergency services, healthcare, manufacturing, and transportation.

Ransomware 98

Ransomware Cybersecurity Agriculture Education 98

Thales Cloud Protection & Licensing

NOVEMBER 22, 2021

trillion in 2020.”. To compete, financial institutions are investing heavily in digital transformation. The full digitization of contracts, subscriptions and consumption of services. This drive towards digital transformation allowed financial services to be one of the sectors that better weathered the Covid 19 pandemic.

Digital transformation 71

Digital transformation Financial Services Customer Experience Risk 71

Security Affairs

JUNE 6, 2024

Since January 2020, affiliates utilizing LockBit have targeted organizations of diverse sizes spanning critical infrastructure sectors such as financial services, food and agriculture, education, energy, government and emergency services, healthcare, manufacturing, and transportation. on January 5, 2020.

Energy and Utilities 138

Energy and Utilities Ransomware Agriculture Encryption 138