CGI

APRIL 17, 2020

Embracing new ways of working in financial services. Although the approaches to dealing with the COVID-19 pandemic vary by country, as governments and businesses come to grips with it, one thing is imperative: we will get through this. . Financial crime and cybersecurity. Fraud attempts have increased already.

Financial Services 89

Financial Services Artificial Intelligence Computer and Electronics Cybersecurity 89

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? Also read : Top Governance, Risk, and Compliance (GRC) Tools for 2022.

Risk 135

Risk Cybersecurity Encryption Access 135

Hunton Privacy

JANUARY 24, 2018

On January 22, 2018, the New York Department of Financial Services (“NYDFS”) issued a press release reminding entities covered by its cybersecurity regulation that the first certification of compliance with the regulation is due on or prior to February 15, 2018.

Financial Services 58

Financial Services Cybersecurity Compliance Insurance 58

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. Since Carnival was licensed by the Department to sell insurance in NY State, it was treated as a covered entity under the Cybersecurity Regulation.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

Hunton Privacy

JULY 5, 2023

On June 28, 2023, the New York Department of Financial Services (“NYDFS”) published an updated proposed Second Amendment (“Amendment”) to its Cybersecurity Regulation, 23 NYCRR Part 500. As described below, senior governing bodies would have new oversight responsibilities under the amendments.

Cybersecurity 113

Cybersecurity IT Compliance Financial Services 113

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 68

Financial Services Cybersecurity Insurance Risk 68

Thales Cloud Protection & Licensing

AUGUST 31, 2022

Financial services continue to lead in cybersecurity preparedness, but chinks appear in the armor. However, all this attention from cyber criminals, as well as regulators and governments, has produced an extremely resilient industry with some of the best cyber security practices of any sector. Thu, 09/01/2022 - 05:15.

Financial Services 62

Financial Services Cybersecurity Cloud Computer and Electronics 62

The Last Watchdog

FEBRUARY 25, 2019

based supplier of identity access management (IAM) systems, which recently announced a partnership with Omada, a Copenhagen-based provider of identity governance administration (IGA) solutions. Governance and attestation quickly became a very big deal. Compliance became a huge driver for governance and attestation,” Curcio said. “It

Access 169

Access Government Authentication Data breaches 169

Data Protection Report

NOVEMBER 2, 2023

On November 1, 2023, the New York Department of Financial Services (NYDFS) finalized the second amendment to its cybersecurity regulations, which are available here. NYDFS retained the broader term “cybersecurity event” that it uses in several sections of the regulation, but, with respect to notifications to NYDFS (§ 500.17(a)),

Cybersecurity 105

Cybersecurity Compliance Financial Services Government 105

Hunton Privacy

NOVEMBER 23, 2022

On November 9, 2022, the New York Department of Financial Services (NYDFS) released its second, proposed amendments to the Part 500 Cybersecurity Rule. The proposed amendments revise several aspects of the draft Cybersecurity Rule amendments released on July 29, 2022. Cybersecurity Plan.

Financial Services 55

Financial Services Cybersecurity Ransomware Risk 55

Data Matters

FEBRUARY 10, 2021

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. Lacewell stated that cybersecurity is the biggest risk for government and private organizations and described how the Framework is based on “extensive dialogue with industry and experts.”. Obtain Cybersecurity Expertise.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

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. 16% of the State, Local, Tribal, and Tribunal (SLTT) government ransomware incidents reported to the MS-ISAC is 2022 were LockBit attacks. law enforcement).

Ransomware 98

Ransomware Cybersecurity Agriculture Education 98

Krebs on Security

JUNE 18, 2021

.” Mark Rasch , also former federal prosecutor in Washington, said the SEC is signaling with this action that it intends to take on more cases in which companies flub security governance in some big way. “It’s a win for the SEC, and for First America, but it’s hardly justice,” Rasch said. That inquiry is ongoing.

Insurance 320

Insurance Risk Financial Services Mining 320

IBM Big Data Hub

APRIL 4, 2024

The cloud represents a strategic tool to enable digital transformation for financial institutions As the banking and other regulated industry continues to shift toward a digital-first approach, financial entities are eager to use the benefits of digital disruption. Most of these new technologies are born-in-cloud.

Financial Services 55

Financial Services Cloud Compliance Digital transformation 55

ARMA International

NOVEMBER 7, 2019

The scope of a records and information management (RIM) program in financial services can seem overwhelming. Compared to other industries, the complexities of managing records and information in financial services are arguably some of the toughest to solve, primarily because of the intense regulatory scrutiny.

Financial Services 52

Financial Services Communications Compliance Risk 52

Hunton Privacy

DECEMBER 4, 2023

On November 28, 2023, the New York Department of Financial Services (“NYDFS”) announced that First American Title Insurance Company (“First American”), the second-largest title insurance company in the United States, would pay a $1 million penalty for violations of the NYDFS Cybersecurity Regulation in connection with a 2019 data breach.

Financial Services 64

Financial Services Insurance Data breaches Cybersecurity 64

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.

Energy and Utilities 142

Energy and Utilities Artificial Intelligence Ransomware Data breaches 142

Security Affairs

MAY 30, 2019

Chinese Cyber-Spies Target Government Organizations in Middle East. Chinese APT group Emissary Panda has been targeting government organizations in two different countries in the Middle East. defense contractors , financial services firms, and a national data center in Central Asia. Pierluigi Paganini.

Government 103

Government Financial Services Security Cybersecurity 103

Data Matters

JUNE 29, 2022

–Sidley announced today that Jennifer Seale and Jonathan Wilan have joined as partners in the firm’s Privacy and Cybersecurity practice in Washington, D.C. Seale and Mr. Wilan join Sidley from Baker McKenzie where they played key roles in the Global Cybersecurity practice.

Cybersecurity 88

Cybersecurity Data breaches Privacy Compliance 88

IBM Big Data Hub

SEPTEMBER 20, 2023

When implemented in a responsible way—where the technology is fully governed, privacy is protected and decision making is transparent and explainable—AI has the power to usher in a new era of government services. AI’s value is not limited to advances in industry and consumer products alone.

Government 99

Government Artificial Intelligence Privacy Digital transformation 99

Hunton Privacy

AUGUST 15, 2022

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”). The risk assessments required by Section 500.9

Financial Services 55

Financial Services Cybersecurity Risk Passwords 55

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.

Cybersecurity 62

Cybersecurity Financial Services Encryption Compliance 62

Data Protection Report

JANUARY 18, 2024

On January 3, 2024, the New York Department of Financial Services announced a consent order with GGT, where GGT agreed to pay NYDFS $8 million and to surrender its BitLicense (for cryptocurrency trading), due to alleged violations of NYDFS’ cybersecurity and its virtual currency regulations.

Cybersecurity 111

Cybersecurity Financial Services Compliance Encryption 111

Thales Cloud Protection & Licensing

NOVEMBER 20, 2023

Black Friday and Cyber Weekend: Navigating the Tumultuous Waters of Retail Cybersecurity sparsh Tue, 11/21/2023 - 05:01 As global consumers gear up for the much-anticipated shopping bonanza that is Black Friday and Cyber Weekend, retailers brace themselves for the frenzied onslaught of shoppers and the deluge of cyber threats lurking in the shadows.

Retail 83

Retail Cybersecurity Financial Services Encryption 83

Krebs on Security

FEBRUARY 9, 2023

Department of the Treasury says the Trickbot group is associated with Russian intelligence services, and that this alliance led to the targeting of many U.S. companies and government entities. In September 2021, the Kremlin issued treason charges against Ilya Sachkov , formerly head of the cybersecurity firm Group-IB.

Ransomware 208

Ransomware Government Cybersecurity Blockchain 208

The Last Watchdog

SEPTEMBER 24, 2024

Governments can create a digital identity at birth to replace SSN in its current use. The NPD breach serves as a stark reminder of the critical importance of data security in today’s digital world, particularly in regulated industries such as financial services and healthcare. That identity is tied to specific vendors.

Authentication 216

Authentication IT ROT Compliance 216

Krebs on Security

JANUARY 25, 2022

MSF said the personal information involved in this incident may have included name, date of birth, government-issued identification numbers (e.g., 14, 2022 breach notification letter from tribal lender Mountain Summit Financial. According to Buckley LLP , a financial services law firm based in Washington, D.C.,

Financial Services 225

Financial Services IT Data breaches Passwords 225

Security Affairs

MAY 24, 2023

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against four entities and one individual for their role in malicious cyber operations conducted to support the government of North Korea. ” reads the announcement. correspondent or payable-through account sanctions.”

Government 98

Government Military Financial Services Security 98

Thales Cloud Protection & Licensing

DECEMBER 20, 2023

2024 Tech and Cybersecurity Forecast: Navigating New Frontiers in Business madhav Thu, 12/21/2023 - 05:15 People always want to comprehend what the future brings. 2024 promises to be a pivotal year, bringing transformative advancements and new challenges in tech and cybersecurity. This necessitates a shift in cybersecurity strategies.

Cybersecurity 83

Cybersecurity Blockchain Artificial Intelligence Encryption 83

Data Matters

JUNE 24, 2021

On June 15, 2021, the SEC announced settled charges against First American Title Insurance Company (First American) for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information. This resolution highlights the SEC’s continued focus on cybersecurity.

Cybersecurity 68

Cybersecurity Financial Services Risk Compliance 68

The Last Watchdog

JANUARY 30, 2019

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Risk 147

Risk Financial Services Insurance Cybersecurity 147

The Last Watchdog

DECEMBER 6, 2018

And, in doing so, the IC has developed an effective set of data handling and cybersecurity best practices. This cycle takes a holistic approach to detecting and deterring external threats and enforcing best-of-class data governance procedures. Related video: Using the NIST framework as a starting point.

Security 149

Security Financial Services Manufacturing Data collection 149

The Last Watchdog

APRIL 3, 2019

Identity governance and administration, or IGA , has suddenly become a front-burner matter at many enterprises. Related: Identity governance issues in the age of digital transformation. I had the chance at RSA 2019 to visit with Mike Kiser, global strategist at SailPoint , an Austin, TX-based supplier of IGA services to discuss this.

Digital transformation 140

Digital transformation Insurance Compliance Healthcare 140

Data Protection Report

MAY 25, 2022

Boards and organisations should assess their cybersecurity risk management activities in light of the decision and ask whether current approaches are adequately resourced and operating effectively? Despite these requirements, RI Advice’s ARs suffered nine cybersecurity incidents in the period from 2014 to 2021. Introduction.

Cybersecurity 75

Cybersecurity Risk Financial Services Retail 75

Data Matters

JANUARY 2, 2018

This past year was marked by ever more significant data breaches, growing cybersecurity regulatory requirements at the state and federal levels and continued challenges in harmonizing international privacy and cybersecurity regulations. We expect each of these trends to continue in 2018.

Privacy 68

Privacy Cybersecurity Data breaches GDPR 68

eSecurity Planet

JUNE 25, 2024

Kaspersky Lab is a widely known name in the world of cybersecurity. This unprecedented move has sent shockwaves through the cybersecurity industry and raised serious questions about the future of Kaspersky Lab in the U.S. government that Kaspersky Lab’s ties to Russia could pose a national security threat.

Government 99

Government Cybersecurity Marketing Access 99

Security Affairs

JUNE 20, 2020

Malicious Chrome browser extensions were used in a massive surveillance campaign aimed at users working in the financial services, oil and gas, media and entertainment, healthcare, government organizations, and pharmaceuticals.

Healthcare 144

Healthcare Financial Services Security Communications 144