Data Breach Today

SEPTEMBER 5, 2024

New EU Rules Focus on Operational Resilience, Breach Reporting and Third-Party Risk The Digital Operational Resilience Act aims to reshape the financial services industry by introducing strict cybersecurity standards. Financial institutions must comply with the new rules by Jan.

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Cybersecurity Financial Services Insurance Risk 189

KnowBe4

NOVEMBER 7, 2023

The NYDFS’ 23 NYCRR Part 500 has been updated to reflect the current preventative and responsive measures necessary for Financial Services org to be ready for cyber attacks.

Financial Services 117

Financial Services Cybersecurity Security awareness Security 117

Security Affairs

JUNE 15, 2023

According to a joint advisory published by cybersecurity agencies, the LockBit ransomware group has successfully extorted roughly $91 million in about 1,700 attacks against U.S. The group targeted municipal governments, county governments, public higher education and K-12 schools, and emergency services (e.g., organizations since 2020.

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Data Breach Today

SEPTEMBER 23, 2021

Deepak Kumar, guest speaks at the keynote session at ISMG Virtual Cybersecurity Summit Asia: Financial Services The session addresses how the banking and financial services organizations can take steps to invest for operational speed, drive value from new investments, enhance their training and cybersecurity collaboration, and work to sustain what (..)

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Cybersecurity Financial Services 173

Security Affairs

JANUARY 23, 2024

Financial services company LoanDepot disclosed a data breach that impacted roughly 16.6 LoanDepot is a financial services company that primarily operates as a mortgage lender. The company provides a range of mortgage and non-mortgage loan products and services. million individuals. million individuals. .

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Data breaches Financial Services Cybersecurity Ransomware 338

Data Matters

FEBRUARY 25, 2022

Sidley and OneTrust DataGuidance are pleased to announce that registration is now open for their annual Data Protection in Financial Services (DPFS) Week. Join us from February 28 – March 3 for DPFS Week 2022 , a series of webinars looking at the impacts of data privacy across the financial sector.

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Financial Services Privacy Data Privacy Cybersecurity 102

Dark Reading

OCTOBER 17, 2023

The two countries agree to share financial services information and provide cross-border training and best practices.

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Financial Services Cybersecurity 93

Thales Cloud Protection & Licensing

OCTOBER 24, 2024

New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024 madhav Fri, 10/25/2024 - 06:09 The next major deadline for compliance with the updated cybersecurity rules from the New York State Department of Financial Services (NYDFS) is November 1, 2024.

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Data Protection Report

NOVEMBER 8, 2023

On November 1, 2023, the New York Department of Financial Services (“NYDFS”) released the finalized amendments of Part 500 of its cybersecurity regulations. This notice requirement explicitly applies to cybersecurity incidents occurring to the covered entity itself, its affiliates, or a third-party service provider.

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Financial Services Cybersecurity Compliance Government 111

Thales Cloud Protection & Licensing

NOVEMBER 13, 2023

Defending Financial Services Against Fraud in a Shifting Cyber Landscape sparsh Tue, 11/14/2023 - 05:05 As we approach International Fraud Awareness Week during 12-18 November 2023, taking stock of the evolving threat landscape and the vulnerabilities that financial services organizations face is crucial.

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Financial Services Blockchain Encryption Cloud 104

Security Affairs

DECEMBER 15, 2023

Resecurity’s HUNTER (HUMINT) unit spotted the BianLian , White Rabbit , and Mario ransomware gangs collaborating in a joint extortion campaign targeting publicly-traded financial services firms. This is why it is critical to share such intelligence for further analysis with the broader cybersecurity community.

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Ransomware Financial Services Cybersecurity Passwords 348

Security Affairs

DECEMBER 26, 2023

Cybersecurity company Resecurity has published the 2024 Cyber Threat Landscape Forecast. Resecurity, a Los Angeles-based cybersecurity company protecting Fortune 100 and government agencies worldwide, has compiled a comprehensive forecast outlining the imminent threats and novel security challenges anticipated in the upcoming year.

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Energy and Utilities Artificial Intelligence Ransomware Data breaches 348

Dark Reading

DECEMBER 8, 2020

Financial services companies' experience in risk management serves them well when it comes to minimizing their cyber-risk.

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Financial Services Compliance Cybersecurity Risk 91

Data Breach Today

SEPTEMBER 27, 2022

Rob Dartnall of Security Alliance Shares Insights on Current and Emerging Trends Financial services firms in Africa are becoming bigger cyber targets as they expand into new mobile payment and financial inclusion products.

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Financial Services Cybersecurity Security 245

Data Breach Today

SEPTEMBER 23, 2021

CyberEdBoard Executive Member, Maria Filomena Gibe, guest speaks on panel at ISMG Virtual Cybersecurity Summit Asia: Financial Services The panel discusses: • How ‘zero trust’ has made security as a business enabler • Building a multi-factor authentication model based on ‘zero trust’ • Building ‘zero trust’ framework aligned with people, process and (..)

Financial Services 242

Financial Services Authentication Cybersecurity Security 242

Security Affairs

APRIL 30, 2020

Security experts from Cybereason Nocturnus team discovered a new piece of Android malware dubbed EventBot that targets banks, financial services across Europe. Researchers from Cybereason Nocturnus team discovered a new piece of Android malware dubbed EventBot that targets banks, financial services across Europe.

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Financial Services Libraries Encryption Authentication 357

Data Breach Today

JULY 23, 2020

Company Could Be Fined $1,000 for Each Violation of State Cybersecurity Law The New York State Department of Financial Services has filed civil charges against First American Title Insurance Co., which has been accused of exposing hundreds of millions of documents that contained customers' mortgage and personal data.

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Insurance Financial Services Personal data Cybersecurity 231

Krebs on Security

JULY 23, 2020

In May 2019, KrebsOnSecurity broke the news that the website of mortgage title insurance giant First American Financial Corp. First American Financial Corp. based First American [ NYSE:FAF ] is a leading provider of title insurance and settlement services to the real estate and mortgage industries. Santa Ana, Calif.-based

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Insurance Financial Services Mining Access 347

Security Affairs

SEPTEMBER 10, 2023

Akamai announced it has mitigated the largest distributed denial-of-service (DDoS) attack on a U.S. financial company. Cybersecurity firm Akamai successfully identified and prevented a massive distributed denial-of-service (DDoS) attack targeting an unnamed, leading American financial institution.

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Financial Services Ransomware Cybersecurity IT 354

Data Breach Today

AUGUST 26, 2021

Survey: Cybersecurity, Regulatory Concerns May Slow Digital Asset Adoption Although a majority of financial services executives predict that cryptocurrency will replace or rival fiat currency within the next five to 10 years, they say cybersecurity, regulatory and privacy issues are among the biggest obstacles to its adoption, according to a survey (..)

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Financial Services Cybersecurity Security Privacy 208

Data Breach Today

MAY 26, 2023

Hackers Obtained Access Through a Compromised Credential Australian consumer lender Latitude Financial Services anticipates its spring cybersecurity incident will cost it up to AU$105 million, which includes a five-week period during which debt collection systems were severely affected by the attack.

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Financial Services Cybersecurity Access IT 211

Security Affairs

MAY 2, 2020

.” A few days ago, researchers from Group-IB reported a campaign dubbed “ PerSwaysion ,” in which attackers exploit Microsoft’s Sway file-sharing to gain access to many confidential corporate MS Office365 emails of mainly financial service companies, law firms, and real estate groups. Recently the U.S.

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Phishing Financial Services Cybersecurity Access 363

Security Affairs

NOVEMBER 20, 2023

Researchers at cybersecurity firm NSFOCUS analyzed DarkCasino attack pattern exploiting the WinRAR zero-day vulnerability tracked as CVE-2023-38831. The DarkCasino APT group leveraged a recently disclosed WinRAR zero-day vulnerability tracked as CVE-2023-38831.

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Phishing Archiving Financial Services Cybersecurity 363

The Last Watchdog

SEPTEMBER 21, 2022

This explains the rise and popularity of Zero Trust as a framework for securing networks in these new realities as an effective tool to drive cybersecurity initiatives within the entire enterprise. Looking to the future, the adoption of cybersecurity initiatives will remain high and continue to grow. Strategy reassessment needed.

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Cybersecurity Digital transformation Cloud Financial Services 214

The Last Watchdog

FEBRUARY 11, 2024

Related: The case for augmented reality training Because of this, cybersecurity investments and regulatory oversight are increasing at an astounding rate , especially for those in the financial services industry, bringing an overwhelming feeling to chief compliance officers without dedicated security teams. The list goes on.

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Risk IT Financial Services Cybersecurity 234

OpenText Information Management

APRIL 19, 2021

It’s estimated that the financial services sector could see as much as $6 trillion in cybercrime damages in 2021. In fact, research shows that financial services firms are over 300 times more … The post Could digital fax be a secret weapon for cybersecurity in financial services?

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Financial Services Cybersecurity IT Insurance 64

Data Matters

JANUARY 28, 2022

Other government agencies, like the New York Department of Financial Services and the Federal Trade Commission, are also increasingly focused on the need for broad implementation of MFA. Like an incident response plan, MFA has become a critical element of cybersecurity programs. The post U.S.

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Cybersecurity Financial Services Authentication Government 156

Krebs on Security

MAY 31, 2019

New York regulators are investigating a weakness that exposed 885 million mortgage records at First American Financial Corp. NYSE:FAF] as the first test of the state’s strict new cybersecurity regulation. No authentication was needed to access the digitized records.

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Financial Services Insurance Sales Authentication 255

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. However, this shift has created new cybersecurity vulnerabilities and expanded the endpoints that criminals can target.

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Financial Services Risk Cybersecurity Phishing 75

Data Breach Today

SEPTEMBER 23, 2021

CyberEdBoard Executive Member Maria Filomena Gibe Speaks on Panel at ISMG Virtual Cybersecurity Summit Asia: Financial Services CyberEdBoard member Maria Filomena Gibe speaks on a panel at ISMG Virtual Cybersecurity Summit Asia: Financial Services.

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Financial Services Authentication Cybersecurity Security 162

CGI

APRIL 17, 2020

Embracing new ways of working in financial services. In times of crisis, the preservation of key functions and services is critical, regardless of industry. Financial services is no exception, as payments, lending, and trade are the lifeblood of the global economy, even in challenging times.

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Financial Services Artificial Intelligence Computer and Electronics Cybersecurity 89

Krebs on Security

FEBRUARY 17, 2021

A joint cyber advisory from the FBI, the Treasury and DHS’s Cybersecurity and Infrastructure Agency (CISA) delves deeper into these backdoored cryptocurrency apps, a family of malware activity referred to as “ AppleJeus. million in August 2020 from a financial services company based in New York.

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Financial Services Phishing Blockchain Government 329

eSecurity Planet

FEBRUARY 11, 2022

As data and IT infrastructure become more valuable by the day, cybersecurity risk management is increasingly important for enterprises with a steep cost for noncompliance or extensive, unaddressed vulnerabilities. What is Cybersecurity Risk Management? What IT Assets Need Protection? Maintaining Regulatory Compliance.

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Risk Cybersecurity Encryption Access 145

Data Matters

MAY 4, 2022

. – Sidley announced today that David Lashway and John Woods have joined as partners in the firm’s Privacy and Cybersecurity practice in Washington, D.C. Mr. Lashway and Mr. Woods join Sidley from Baker McKenzie where they started and led the global cybersecurity practice group for over 10 years. political parties.

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Cybersecurity Marketing Security Privacy 165

Thales Cloud Protection & Licensing

JANUARY 16, 2024

Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds madhav Wed, 01/17/2024 - 05:46 The Digital Operational Resilience Act (DORA) will apply to the EU financial sector from 17 January 2025. As set out in its Article 2, DORA applies to the entire financial services sector.

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Financial Services Cloud Cybersecurity Encryption 83

eSecurity Planet

SEPTEMBER 21, 2024

Understanding and adhering to cybersecurity regulations is crucial for any organization as cyber threats evolve and become more sophisticated. The landscape of cybersecurity laws and regulations today is set to undergo significant changes, impacting businesses, government entities, and individuals alike.

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Cybersecurity Computer and Electronics Compliance Privacy 121

Hunton Privacy

FEBRUARY 22, 2021

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

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