Security Affairs

JULY 9, 2020

The credentials are sold for an average of $15.43, the most expensive pairs relate to banking and financial services accounts, with an average price of nearly $71. The price depends on the targeted industry, with the local government and financial sectors are the most requested ones. ” continues the report.

Marketing 363

Marketing Passwords Financial Services Access 363

IT Governance

JULY 31, 2019

Croatian government targeted by mysterious hackers (unknown). Philadelphia Federal Credit Union confirms security breach (unknown). State-sponsored hackers breach Greece’s top-level domain registrar (unknown). University of Alabama discovers 10-year-old account breach (1,400). Data breaches.

Data breaches 111

Data breaches Ransomware Personal data Government 111

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 Data breaches Insurance Cybersecurity 64

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

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 60

Financial Services Communications Compliance Risk 60

Security Affairs

JUNE 20, 2023

Understanding Data Sovereignty Data sovereignty has emerged as a critical concern for businesses worldwide in today’s interconnected digital landscape. When data is sovereign, an organization retains control and ownership over that data. DDR in Cybersecurity Data sovereignty has a profound impact on cybersecurity.

Compliance 246

Compliance Cybersecurity Risk Encryption 246

Security Affairs

APRIL 6, 2023

A digital identification tool provided by OCR Labs to major banks and government agencies leaked sensitive credentials, putting clients at severe risk. Its services are used by companies and financial institutions including BMW, Vodafone, the Australian government, Westpac, ANZ, HSBC, and Virgin Money.

IT 246

IT Financial Services Access Risk 246

The Last Watchdog

SEPTEMBER 24, 2024

Governments can create a digital identity at birth to replace SSN in its current use. As an example, you have two tokens – one for NPD and another for your bank, and after such a breach, the NPD token would be revoked so NPD cannot use your data, but everything will work fine at the bank.

Authentication 216

Authentication IT ROT Compliance 216

Krebs on Security

JANUARY 25, 2022

Then in mid-January, Jim heard from MSF via snail mail that they’d discovered a data breach. 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.

Financial Services 244

Financial Services IT Data breaches Passwords 244

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

erwin

APRIL 11, 2019

In fact, organizations should expect increasing pressure on lawmakers to introduce new data protection regulations. A number of high-profile data breaches and scandals have increased public awareness of the issue. The Regulatory Rationale for Integrating Data Management & Data Governance. employees).

GDPR 100

GDPR Compliance e-Discovery Metadata 100

Security Affairs

SEPTEMBER 1, 2023

Its exploitation can have serious consequences, resulting in data breaches, financial losses, operational disruption, and reputation damage to organizations. The NotPetya malware, another highly impactful cyber attack, also leveraged EternalBlue for propagation.

Phishing 326

Phishing Ransomware Search queries Access 326

Security Affairs

APRIL 20, 2023

In 2022, the ICICI Bank’s resources were named a “critical information infrastructure” by the Indian government – any harm to it can impact national security. However, despite the critical status of bank infrastructure on the national level, the security of crucial data was not ensured. million files belonging to ICICI Bank.

Personal data 246

Personal data Phishing Risk Communications 246

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. NYDFS also found that Carnival had failed to implement basic protocols to prevent data breaches.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

The Last Watchdog

SEPTEMBER 23, 2019

How can it be that marquee enterprises like Capital One, Marriott, Facebook, Yahoo, HBO, Equifax, Uber and countless others continue to lose sensitive information in massive data breaches? As I came to understand it, this new approach leverages multi-factor secret sharing algorithms previously only used by government entities.

Security 159

Security Encryption Compliance Data breaches 159

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 Data breaches 147

eSecurity Planet

SEPTEMBER 21, 2024

The landscape of cybersecurity laws and regulations today is set to undergo significant changes, impacting businesses, government entities, and individuals alike. HIPAA also requires organizations to conduct regular risk assessments and report data breaches. What are Federal Cybersecurity Regulations?

Cybersecurity 121

Cybersecurity Computer and Electronics Compliance Privacy 121

eSecurity Planet

AUGUST 9, 2022

GDPR, the EU’s flagship data privacy and “right to be forgotten” regulation, has made the stakes of a data breach higher than ever. See the Top Governance, Risk and Compliance (GRC) Tools. Thus, it can be difficult for even small enterprises to keep up with information security and data privacy compliance.

Data Privacy 145

Data Privacy Compliance Privacy Security 145

DLA Piper Privacy Matters

MARCH 3, 2023

The discussion paper, which acknowledges that the Australian Government was “ill-equipped” to respond to the large scale data breaches which occurred in 2022 (namely Medibank and Optus), emphasises the importance of protecting customer data and enduring that Australians can continue to access critical services in the event of a cyber-attack.

Data breaches 52

Data breaches Security Paper Financial Services 52

erwin

DECEMBER 20, 2018

The driving factors behind data governance adoption vary. Whether implemented as preventative measures (risk management and regulation) or proactive endeavors (value creation and ROI), the benefits of a data governance initiative is becoming more apparent. Defining Data Governance. to Data Governance 2.0

Government 40

Government Financial Services GDPR Data breaches 40

Schneier on Security

JANUARY 31, 2024

The rules would ensure people can obtain their own financial data at no cost, control who it’s shared with and choose who they do business with in the financial industry. This would change the economics of consumer finance and the illicit data economy that exists today.

Financial Services 128

Financial Services Privacy Personal data Marketing 128

eSecurity Planet

NOVEMBER 17, 2022

Unpatched vulnerabilities are at fault in anywhere from a third to more than half of all data breaches, depending on the study, so it’s natural to wonder why organizations don’t do a better job of patch management. How to build in that cyber resiliency was the focus of a number of talks at the conference. Patching Is Hard.

Cloud 135

Cloud Ransomware Encryption Cybersecurity 135

DLA Piper Privacy Matters

JULY 30, 2019

It’s summer, and life’s a breach. A data breach, that is. It’s your service provider’s breach, but it involves your (more likely, your customer’s) data. So put down the beach reading, for some breach reading. Who “owns” a data breach?

Data breaches 45

Data breaches Cybersecurity Financial Services Risk 45

Thales Cloud Protection & Licensing

NOVEMBER 20, 2023

Data breaches in the retail sector illustrate the vulnerabilities inherent to this industry, emphasizing the need for robust cybersecurity measures. This finding not only underscores the vulnerability of the retail sector but also accentuates the financial repercussions of such breaches.

Retail 83

Retail Cybersecurity Financial Services Encryption 83

Data Matters

JUNE 29, 2022

She focuses her practice on cybersecurity issues, including crisis management, data breach response, internal investigations, regulatory compliance, and complex litigation. She advises clients in several industries, including financial services, hospitality, manufacturing, telecommunications, and energy.

Cybersecurity 88

Cybersecurity Data breaches Privacy Compliance 88

DLA Piper Privacy Matters

FEBRUARY 28, 2022

Primary areas of focus for the DPC in 2021 included the safeguarding of children’s data protection rights, progressing ongoing large-scale inquires and prioritising responding to complaints which have raised issues of substance, with a data subject centric approach to resolution. Financial Services Sector Focus.

Financial Services 97

Financial Services Data breaches Personal data Compliance 97

IT Governance

DECEMBER 11, 2023

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. Data breached: more than 59 million data records. BianLian claims to have exfiltrated 5 TB of data, comprising millions of sensitive documents. Akumin Inc.

Data Privacy 97

Data Privacy Energy and Utilities Privacy Manufacturing 97

The Last Watchdog

OCTOBER 29, 2019

There have been numerous examples of API manipulation coming into play in data breaches leading to the loss of millions of records, Dooley told me. “It Long-run damage Data Theorem has won customers from the financial services and technology sectors that are routinely creating dozens of new APIs per day.

Digital transformation 140

Digital transformation Data breaches Cloud Mining 140

IT Governance

AUGUST 26, 2021

For example, financial services firms may be worried about employees breaching insider trading laws. Preventing data breaches. Monitoring software is therefore essential to ensure that data breaches are spotted promptly and to give your organisation the opportunity to respond.

Compliance 119

Compliance Data breaches Privacy Risk 119

Thales Cloud Protection & Licensing

DECEMBER 12, 2024

According to the 2024 Thales Data Threat Report Financial Services Edition , 39% of U.S. financial services organizations report that they have experienced a data breach in the past. The goal was to create a unified set of security requirements for all entities that handle cardholder data.

Compliance 62

Compliance Encryption Financial Services Data breaches 62

IT Governance

NOVEMBER 23, 2023

The public data set on the ICO (Information Commissioner’s Office) website shows that data security isn’t necessarily better for financial organisations. In fact, in 2020–2022, the financial sector was the second-most attacked sector, topped only by the retail and manufacturing sector. million (about £4.70

Risk 97

Risk Data breaches Authentication Financial Services 97

eSecurity Planet

JANUARY 21, 2021

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. Third-party governance. Like other competitive GRC solutions, it speeds the process of aggregating and mining data, building reports, and managing files.

Compliance 58

Compliance Risk Government Retail 58

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. Data breach litigation risks. We expect each of these trends to continue in 2018.

Privacy 68

Privacy Cybersecurity Data breaches GDPR 68

IT Governance

NOVEMBER 13, 2023

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. Records breached: 79,582 Ontario hospitals update: information relating to 5.6 Records breached: 1.3 million individuals McLaren Health Care notifies nearly 2.2

Data Privacy 74

Data Privacy Privacy Security Data breaches 74

Data Protection Report

JANUARY 6, 2020

The New York State Department for Financial Services regulations require covered entities to have appropriate record retention policies and procedures and the CCPA provides an extra incentive to implement proper information governance to minimise the costs data access requests. In the U.S.,

Privacy 85

Privacy GDPR Data breaches Risk 85

Thales Cloud Protection & Licensing

NOVEMBER 22, 2021

The full digitization of contracts, subscriptions and consumption of services. This drive towards digital transformation allowed financial services to be one of the sectors that better weathered the Covid 19 pandemic. Financial institutions find themselves in a difficult situation. The challenge.

Digital transformation 71

Digital transformation Financial Services Customer Experience Risk 71

Data Protection Report

JUNE 14, 2022

For example, organizations operating in the health, telecommunications or financial services industries may be required to keep a record of privacy incidents pursuant to an industry-specific statute or regulation. Organizations should also be aware of any sector-specific record-keeping obligations they may be subject to.

Privacy 52

Privacy Data breaches Compliance Financial Services 52