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NYDFS proposes significant cybersecurity regulation amendments

Data Protection Report

On July 29, 2022, the New York Department of Financial Services (NYDFS) announced a “pre-proposed outreach” of material proposed changes to almost every section of its cybersecurity regulations, and would affect each entity covered by the current regulations of 23 NYCRR Part 500. Governance. The Proposed Regulation Changes.

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Proposed Amendments to NY Financial Services Cybersecurity Regulations Impose New Obligations on Large Entities, Boards of Directors and CISOs

Hunton Privacy

On July 29, 2022, the New York Department of Financial Services (“NYDFS”) posted proposed amendments (“Proposed Amendments”) to its Cybersecurity Requirements for Financial Services Companies (“Cybersecurity Regulations”). As part of the “penetration testing and vulnerability assessments” requirements under Section 500.5

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Building for operational resilience in the age of AI and hybrid cloud

IBM Big Data Hub

For highly regulated industries, these challenges take on an entirely new level of expectation as they navigate evolving regulatory landscape and manage requirements for privacy, resiliency, cybersecurity, data sovereignty and more. This includes cyber incidents, technology failures, natural disasters and more. Similarly, in the U.S.

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The Week in Cyber Security and Data Privacy: 30 October – 5 November 2023

IT Governance

When MOVEit was hacked by the Russian Cl0p ransomware gang in May, email addresses and links to government employee surveys were compromised. Library branches remain open, Wi-Fi is still available and materials can still be borrowed. Records breached: 815,000,000 Milford Management Corp. Boeing is “assessing the claim”.

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Weakness at the Network Edge: Mandiant Examines 2022’s Zero-Day Exploits

eSecurity Planet

A quarter were financially motivated, and three of those were linked to ransomware operations. Exploitation of enterprise IT zero-day vulnerabilities are continuing into 2023, led by a Fortra GoAnywhere zero-day that has been behind more than a hundred attacks by the Clop ransomware group.

Cloud 104
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Top IT Asset Management Tools for Security

eSecurity Planet

However, the needs of cybersecurity now require that they also offer some kind of security resiliency to protect the assets they are discovering and cataloging. Additionally, they often provide an accurate account of technology asset lifecycle costs and risks as well as built-in cybersecurity features to combat ransomware and malware.

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