Data Matters

JANUARY 28, 2022

The advisory was promptly endorsed by the National Cyber Security Centre, a division of Government Communications Headquarters (“GCHQ”), a UK intelligence agency. Require multi-factor authentication (MFA) for all users. The following are the best practices highlighted by the Advisory, Microsoft report, PANW report, and Mandiant report.

Cybersecurity 155

Cybersecurity Financial Services Authentication Government 155

OpenText Information Management

JULY 9, 2024

The financial services sector, long rooted in traditional methods and complex operations, is experiencing a dramatic transformation. Forget the outdated image of clunky fax machines—today’s digital fax and capture offer a sleek, efficient, and secure way to manage information in the modern financial world.

Paper 62

Paper Financial Services Blockchain Compliance 62

Security Affairs

JANUARY 17, 2022

This pre-release announcement for Critical Patch Update (CPU) for January 2022 confirms that Oracle security updates will address 483 new security patches. “A Critical Patch Update is a collection of patches for multiple security vulnerabilities. This Critical Patch Update addresses 483 new security patches.

Communications 107

Communications Financial Services Big data Retail 107

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.

Cybersecurity 71

Cybersecurity Insurance Financial Services Phishing 71

IBM Big Data Hub

AUGUST 17, 2023

Banks and governments are actively seeking CBDC because it is a more secure alternative to crypto. CBDC operates on a secure, transparent blockchain network, and it uses blockchain technology to create an immutable record of all transactions. Blockchain technology is characterized by its transparency, security and immutability.

Blockchain 70

Blockchain Financial Services Risk Authentication 70

Data Matters

FEBRUARY 25, 2021

This follows the FCA’s announcement in its 2020-21 business plan that payment services were one of its main supervisory priorities 1 and its temporary guidance of July 9, 2020, on prudential risk management and safeguarding in light of the COVID-19 pandemic ( Temporary COVID Guidance ). its Perimeter Guidance Manual (PERG).

Authentication 66

Authentication Paper Risk Insurance 66

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.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

Data Protection Report

FEBRUARY 8, 2022

The latter is the 2019 data security law known as the Stop Hacks and Improve Electronic Data Security (SHIELD) Act. On January 24, 2022, the New York Attorney General (AG) announced a settlement with vision-benefits-provider EyeMed Vision Care, Inc., In total, information for approximately 2.1 Background. SHIELD Act.

Passwords 98

Passwords Financial Services Authentication Insurance 98

AIIM

OCTOBER 15, 2018

Hence the concept of electronic identification and trust services ( eIDAS ) as defined in EU regulation 910/2014 is centered around trust and security and certificate-based signing. Allianz – a global financial services and insurance company – is one of those organizations which had to rethink their approach on e-signatures.

Compliance 112

Compliance Insurance Digital transformation Authentication 112

Security Affairs

AUGUST 16, 2023

Other top 4 targeted industries include Manufacturing, Insurance, Technology, and Financial Services seeing 15%, 9%, 7%, and 6% of the campaign traffic respectively.” “Email lures came in the form of updating account security surrounding 2FA, MFA, and general account security.

Phishing 88

Phishing Energy and Utilities Insurance Manufacturing 88

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

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

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.

Cybersecurity 94

Cybersecurity Financial Services Phishing Compliance 94

Data Matters

APRIL 20, 2021

The Cybersecurity Guidance is directed at plan sponsors and fiduciaries regulated by the Employee Retirement Income Security Act of 1974 (ERISA) as well as plan participants and beneficiaries. Online Security Tips for plan participants and beneficiaries. Considerations for Plan Sponsors and Other Fiduciaries.

Cybersecurity 66

Cybersecurity Insurance Risk Compliance 66

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.'"

Phishing 89

Phishing Security awareness Insurance Cybersecurity 89

eSecurity Planet

FEBRUARY 11, 2022

The simplest example may be insurance. Life, health, auto, and other insurance are all designed to help a person protect against losses. Read more : Top Database Security Solutions for 2022. Some enterprises may be comfortable with 99 percent of all security upgrades being made. Maintaining Regulatory Compliance.

Risk 145

Risk Cybersecurity Encryption Access 145

eSecurity Planet

OCTOBER 5, 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. At this point, multi-factor authentication (MFA) has permeated most applications, becoming a minimum safeguard against attacks. MFA can be hacked.

Authentication 104

Authentication Passwords Access Computer and Electronics 104

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. The settlement requires EyeMed to pay $4.5 million, among other things. Background. million.

Cybersecurity 52

Cybersecurity Personal data Risk Financial Services 52

Adam Levin

SEPTEMBER 5, 2019

Once the number has been transferred, the criminal has control of any accounts that are identified by caller ID (including many financial institutions) as well as any accounts protected by two-factor authentication. It is believed this was the method used to recently hack Jack Dempsey’s Twitter account. . What You Can Do.

Mining 79

Mining Authentication Financial Services Privacy 79

Adam Levin

NOVEMBER 30, 2018

If you prefer a more laid back approach, sign up for free transaction alerts from financial services institutions and credit card companies, or subscribe to a credit and identity monitoring program, 3. There are some basics when it comes to protecting yourself when your information is compromised, and they are simple.

Financial Services 66

Financial Services Encryption Passwords Communications 66

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 Protection Report

APRIL 2, 2020

On March 10, 2020, the New York Department of Financial Services (NYDFS) issued guidance to all of its regulated institutions engaged in virtual currency business activity, requiring them to have plans for preparedness to manage the possible operational and financial risks posed by the COVID-19 pandemic.

Risk 59

Risk Communications Authentication Financial Services 59

Data Matters

MARCH 12, 2019

Over the last few years, States have enacted increasingly aggressive legislation concerning data privacy and security, raising concerns that companies will be subject to a patchwork of different standards. Aligning the Safeguards Rule with State Regimes.

Privacy 66

Privacy IT Information Security Insurance 66

Data Protection Report

FEBRUARY 8, 2018

February 15, 2018, is quickly approaching and any entity subject to New York’s cybersecurity regulation (23 NYCRR Part 500) must file its first annual certification of compliance with the New York State Department of Financial Services (DFS) by that date.

Cybersecurity 40

Cybersecurity Financial Services Compliance Insurance 40

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.

Retail 97

Retail e-Delivery Passwords Phishing 97

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. Types of Cyberattacks.

Ransomware 145

Ransomware Cybersecurity Phishing Encryption 145

DLA Piper Privacy Matters

APRIL 2, 2020

In recent weeks, the Department of Justice , Federal Bureau of Investigation and the Department of Homeland Security have issued alerts warning of malicious cyber activity related to COVID-19. Various laws and best practices speak of the need to train network users on the latest security best practices. Awareness and Training.

Cybersecurity 52

Cybersecurity Phishing Authentication Access 52

IBM Big Data Hub

FEBRUARY 14, 2024

And if AI can guide a Roomba, it can also direct self-driving cars on the highway and robots moving merchandise in a distribution center or on patrol for security and safety protocols. Intelligent automation also helps insurance companies adhere to compliance regulations more easily by ensuring that requirements are met.

Retail 82

Retail Artificial Intelligence Unstructured data Insurance 82

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.

IT 357

IT Passwords Authentication Phishing 357

HL Chronicle of Data Protection

MARCH 14, 2019

The proposed changes to the Safeguards Rule add a number of more detailed security requirements, whereas the proposed changes to the Privacy Rule are more focused on technical changes to align the Rule with changes in law over the past decade. It includes general, high level elements of a security program, but lacks detailed security steps.

Privacy 40

Privacy Risk Cybersecurity Information Security 40

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).

Authentication 86

Authentication Access Risk Financial Services 86

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

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% Fraud.net offers specific solutions for a number of industries, including gaming, financial services, and eCommerce, as well as government organizations.

Analytics 113

Analytics Risk Authentication Financial Services 113

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

ForAllSecure

JANUARY 19, 2022

Is there something more secure? Simon Moffatt from CyberHut joins The Hacker Mind to discuss how identity and access management (IAM) is fundamental to everything we do online today, and why even multi-factor access, while an improvement, needs to yield to more effortless and more secure passwordless technology that’s coming soon.

Passwords 52

Passwords Authentication Access Data breaches 52

Thales Cloud Protection & Licensing

JANUARY 15, 2024

A new generation of Fintech players, as well as major regulatory changes regarding GDPR, KYC and AML have meant that Financial Supervision continues to evolve in our increasingly digitalised world. A changing financial world Today’s consumers value ease of use - and payments and online financial services are no exception.

Unstructured data 71

Unstructured data B2B Access Financial Services 71

The Last Watchdog

FEBRUARY 25, 2019

Related: Applying ‘zero trust’ to managed security services. Fortunately, the identity management space has attracted and inspired some of the best and brightest tech security innovators and entrepreneurs. So why hasn’t the corporate sector been more effective at locking down access for users?

Access 169

Access Government Authentication Data breaches 169