Data Matters

SEPTEMBER 18, 2019

Under the revised Payment Services Directive (2015/2366) (PSD2), the European Banking Authority (EBA) and the European Commission were required to develop and adopt regulatory technical standards on strong customer authentication and common and secure open standards of communication. STRONG CUSTOMER AUTHENTICATION. What is SCA?

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Authentication e-Delivery Risk Sales 101

Krebs on Security

AUGUST 17, 2023

Security experts investigating 16Shop found the service used an application programming interface (API) to manage its users, an innovation that allowed its proprietors to shut off access to customers who failed to pay a monthly fee, or for those attempting to copy or pirate the phishing kit. Image: ZeroFox.

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Phishing Passwords Insurance Data breaches 189

Thales Cloud Protection & Licensing

OCTOBER 24, 2024

The cybersecurity regulations apply to entities overseen by the NYDFS, such as financial institutions, insurance companies, agents, and brokers, as well as banks, trusts, mortgage lenders and brokers, money transmitters, check cashers, and other related businesses. Human error was the leading cause of cloud-based data breaches.

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Data Matters

FEBRUARY 25, 2021

On January 28, 2021, the UK Financial Conduct Authority (FCA) published Consultation Paper CP21/3 , “Changes to the SCA-RTS and to the guidance in ‘Payment Services and Electronic Money – Our Approach’ and the Perimeter Guidance Manual” (Consultation Paper). its Perimeter Guidance Manual (PERG).

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Security Affairs

JANUARY 4, 2022

The attack took place on October 15, 2021, when threat actors breached the hospital’s network and accessed patient data. The healthcare system discovered the security breach on October 19, and reported the incident to local authorities, it also hired a third-party cybersecurity expert to help with the investigations.

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Data breaches Passwords Insurance Access 92

Thales Cloud Protection & Licensing

OCTOBER 14, 2024

Thales conducted a focused analysis drawn from its global 2024 Data Threat Report survey, centered on security and IT management professionals working for FinServ organizations to better understand the challenges these entities face in a rapidly shifting threat landscape.

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Thales Cloud Protection & Licensing

MAY 9, 2022

This demonstrates that there are still some businesses that have not learned the lessons of the Colonial Pipeline attack and listened to what security experts and the U.S. The White House Executive Order on Improving the Nation’s Cybersecurity from May 12, 2021 and the supporting Office of Management Budget Federal Strategy to Move the U.S.

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Data Protection Report

JUNE 2, 2021

On May 13, 2021, the New York Department of Financial Services (NYDFS) announced a $1.8 million settlement with two related insurance companies, relating to violations of two different requirements of the NYDFS cybersecurity regulation during the period 2018 to 2019. NYDFS Cybersecurity Regulation.

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Security Affairs

MARCH 25, 2021

Astoria Company LLC is a lead generation company that leverages on a network of websites to collect information on a person that may be looking for discounted car loans, different medical insurance, or even payday loans. Collected data si shared with a number of partner sites (such as insurance or loan agencies), that pay per lead referral.

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Data breaches Sales Insurance Marketing 115

HL Chronicle of Data Protection

MAY 13, 2019

In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan. NYDFS: Setting a new bar for state cybersecurity regulation.

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Insurance Cybersecurity Data breaches Financial Services 40

Hunton Privacy

JULY 16, 2021

On July 13, 2021, federal bank regulators – the Board of Governors of the Federal Reserve System (the “Board”), the Federal Deposit Insurance Corporation (“FDIC”) and the Office of the Comptroller of the Currency (“OCC”) (collectively, the “Regulators”) – requested public comment on proposed joint guidance regarding banking organizations’ management (..)

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Risk Insurance Sales Encryption 81

Data Protection Report

OCTOBER 3, 2021

Effective October 1, 2021, an amendment [1] to the Connecticut General Statute concerning data privacy breaches, Section 36a-701b, will impact notification obligations in several significant ways. Provides certain exemptions from public disclosure for materials provided to the state in response to an investigation of a breach of security.

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Data breaches IT Insurance Passwords 142

KnowBe4

MARCH 28, 2023

Security awareness training still has a place to play here." Email and other elements of software infrastructure offer built-in fundamental security that largely guarantees we are not in danger until we ourselves take action," Tyson writes. Is the email enticing you to click on a link?' I'm being asked to do something here.'"

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Phishing Security awareness Insurance Cybersecurity 83

eSecurity Planet

SEPTEMBER 14, 2022

According to statistics from the FBI’s 2021 Internet Crime Report , complaints to the Internet Crime Complaint Center (IC3) have been rising since 2017. In 2021 alone, IC3 received 847,376 complaints which amounted to $6.9 Finance and insurance finished a close second at 22.4%. Cybercrime is a growth industry like no other.

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Energy and Utilities Phishing Blockchain Cybersecurity 120

Thales Cloud Protection & Licensing

AUGUST 3, 2021

Tue, 08/03/2021 - 09:44. Patient records were always valued by attackers for launching sophisticated insurance fraud schemes, purchasing medical supplies or drugs, or committing other types of fraud including identity theft. Once COVID-19 arrived, the healthcare organizations found themselves confronting a new digital security threat.

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IBM Big Data Hub

JULY 7, 2023

But with a proactive approach to data security, organizations can fight back against the seemingly endless waves of threats. IBM Security X-Force found the most common threat on organizations is extortion, which comprised more than a quarter (27%) of all cybersecurity threats in 2022. Where do data breaches originate?

Security 40

Security Data breaches Data Privacy Compliance 40

Thales Cloud Protection & Licensing

AUGUST 3, 2021

Tue, 08/03/2021 - 09:44. Patient records were always valued by attackers for launching sophisticated insurance fraud schemes, purchasing medical supplies or drugs, or committing other types of fraud including identity theft. Once COVID-19 arrived, the healthcare organizations found themselves confronting a new digital security threat.

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IoT Encryption Cloud Compliance 71

Security Affairs

APRIL 28, 2022

The criminal group had been mailing malware-ridden USBs to various entities in the transport, insurance, and defense industries under the guise that they originated from a trusted source, such as Amazon and the US Department of Health and Human Services. It is unlikely one would question its integrity.

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Cybersecurity Access Insurance Security 96

eSecurity Planet

OCTOBER 5, 2021

This post has been updated for 2021. Passwords are the most common authentication tool used by enterprises, yet they are notoriously insecure and easily hackable. But even when passwords are secure, it’s not enough. Jump to: What is multi-factor authentication? Rise of multi-factor authentication.

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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. NSC), relating to violations of three different requirements of the NYDFS cybersecurity regulation during the period 2018 to 2020. NYDFS Cybersecurity Regulation.

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Cybersecurity Financial Services Phishing Compliance 94

eSecurity Planet

JUNE 16, 2022

However, basic cybersecurity tools and practices, like patching , strong passwords , and multi-factor authentication (MFA), “can prevent 80 to 90% of cyberattacks,” said Anne Neuberger, deputy national security advisor for cyber and emerging technologies, during a White House press conference in Sept. Cyberattack Statistics.

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Data Protection Report

OCTOBER 24, 2022

On October 18, 2022, the New York Department of Financial Services announced a settlement with EyeMed, a licensed life, accident, and health insurer, with respect to a security incident that occurred in 2020. Nevertheless, EyeMed certified its compliance with the Cybersecurity Regulation annually, from 2018-2021. Background.

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Cybersecurity Personal data Risk Financial Services 52

Thales Cloud Protection & Licensing

JULY 21, 2022

Security breaches in this sector can be incredibly disruptive to society and are attracting considerable attention from governments and regulatory bodies around the world. gas pipeline in 2021 to the rise of nation-state attacks, critical infrastructure organizations are under siege. A Very Human Problem.

Energy and Utilities 71

Energy and Utilities Ransomware IoT Risk 71

Adam Levin

NOVEMBER 17, 2020

Mobile payment platforms, like Apple Pay and Google Pay, use advanced technology, like fingerprint authentication and tokenization (in which credit card account numbers are replaced by randomly generated numbers) to provide brick-and-mortar shoppers with an added layer of security. Browse online using secure networks.

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ForAllSecure

MAY 17, 2023

Chris Gray of Deep Watch talks about the view from the inside of a virtual SOC, the ability to see threats against a large number of SMB organizations, and the changes to cyber insurance we’re seeing as a result. A lot of SMBs do not have security operations centers or SOCs. They can provide that additional security, remotely.

Insurance 40

Insurance Privacy Ransomware GDPR 40

eSecurity Planet

JULY 8, 2022

The global cost of ransomware has risen from $325 million to $20 billion from 2016 to 2021, and on average, only 65% of encrypted data was restored after a ransom was paid. Many vendors now offer disaster recovery as a service (DRaaS), which is a good way to integrate disaster recovery with advanced security and data protection solutions.

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Ransomware Cloud Encryption Marketing 142

Krebs on Security

JANUARY 19, 2022

is perhaps better known as the online identity verification service that many states now use to help staunch the loss of billions of dollars in unemployment insurance and pandemic assistance stolen each year by identity thieves. prompts users to choose a multi-factor authentication (MFA) option. These days, ID.me

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Krebs on Security

DECEMBER 13, 2021

The consulting firm PricewaterhouseCoopers recently published lessons learned from the disruptive and costly ransomware attack in May 2021 on Ireland’s public health system. Ireland’s Health Service Executive (HSE), which operates the country’s public health system, got hit with Conti ransomware on May 14, 2021.

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Krebs on Security

NOVEMBER 19, 2021

In reality, the fraudster initiates a transaction — such as the “forgot password” feature on the financial institution’s site — which is what generates the authentication passcode delivered to the member. To combat this scam Zelle introduced out-of-band authentication with transaction details.

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Data Matters

AUGUST 17, 2021

On August 11, 2021, the Federal Financial Institutions Examination Council (FFIEC)1 issued guidance establishing risk management principles and practices to support the authentication of users accessing a financial institution’s information systems and customers accessing a financial institution’s digital banking services (the Guidance).

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Authentication Access Risk Information Security 86

eSecurity Planet

AUGUST 13, 2021

Since the inception of data forensics almost forty years ago, methods for investigating security events have given way to a market of vendors and tools offering digital forensics software (DFS). This article looks at the top digital forensic software tools of 2021 and what customers should consider when buying or acquiring a DSF tool.

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e-Discovery Computer and Electronics Marketing Compliance 139

eSecurity Planet

OCTOBER 21, 2021

They took advantage of the weaknesses inherent in an increasingly connected world and highlighted the need for companies to not only ensure their own security but also look at the security of their vendors and put into place necessary protections. Further reading: Best Third-Party Risk Management (TPRM) Tools of 2021.

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Security Risk Ransomware Cybersecurity 123

Krebs on Security

APRIL 28, 2021

Bill Demirkapi , an independent security researcher who’s currently a sophomore at the Rochester Institute of Technology , said he discovered the data exposure while shopping around for student loan vendors online. . Data security has always been, and always will be, our highest priority.”

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eSecurity Planet

SEPTEMBER 16, 2022

billion in reported fraud in 2021 alone. For example, Experian’s 2021 Global Identity and Fraud Report stated that 82% of surveyed businesses had adopted customer recognition strategies. According to a report by the United States Sentencing Commission, the median loss of healthcare fraud in 2021 was over $1 million per infraction.

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Analytics Risk Authentication Financial Services 113

Krebs on Security

SEPTEMBER 2, 2021

The data in this story come from a trusted source in the security industry who has visibility into a network of hacked machines that fraudsters in just about every corner of the Internet are using to anonymize their malicious Web traffic. mail server responds “OK” = successful access). ” The Gift Card Gang’s Footprint.

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eSecurity Planet

MAY 30, 2024

For the most recent year available, Ascension’s 2021 Form 990 shows: $13 million in CEO compensation for Joseph Impicciche $22 million in executive compensation for the next 8 highest paid executives $6.4 Outsourcing alone doesn’t cause problems, but perhaps the Ascension’s management needs to make IT a larger priority.

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Cybersecurity Ransomware Data breaches Risk 123

The Last Watchdog

NOVEMBER 27, 2022

Related: Fido champions passwordless authentication. Self-sovereign identity ( SSI ) leverages distributed ledgers to verify identity and PII – quickly, conveniently, and securely. This approach makes the data fundamentally secure and makes identity theft virtually impossible. Individual validation.

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