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 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 67

Financial Services Cybersecurity Insurance Risk 67

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

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

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 215

Authentication IT ROT Compliance 215

Security Affairs

DECEMBER 17, 2023

CISA and ENISA enhance their Cooperation CISA adds Qlik bugs to exploited vulnerabilities catalog Report: 2.6 CISA and ENISA enhance their Cooperation CISA adds Qlik bugs to exploited vulnerabilities catalog Report: 2.6

Security 121

Security Data breaches Ransomware Artificial Intelligence 121

Security Affairs

OCTOBER 29, 2021

A ransomware attack hit Papua New Guinea ‘s finance ministry and disrupted government payments and operations. Government officials confirmed that Papua New Guinea’s finance ministry was hit by a ransomware attack that disrupted government payments and operations. Follow me on Twitter: @securityaffairs and Facebook.

Ransomware 122

Ransomware Financial Services Government Data breaches 122

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 120

Cybersecurity Computer and Electronics Compliance Privacy 120

Krebs on Security

NOVEMBER 14, 2024

Postal Investigative Service. A week after breaking the story about the 2013 data breach at Target, KrebsOnSecurity published Who’s Selling Cards from Target? net that paid people to click on ads for Russian government employment opportunities. . “I’m also godfather of his second son.” Image: U.S.

Retail 218

Retail Ransomware Marketing Healthcare 218

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

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

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

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 87

Cybersecurity Data breaches Privacy Compliance 87

Security Affairs

APRIL 8, 2020

The drug testing firm Hammersmith Medicines Research LTD (HMR), which performs live trials of Coronavirus vaccines, discloses a data breach. ” reads the data breach notification published by the company. The research firm revealed that many of the government IDs exposed in the data breach have since expired.

Ransomware 133

Ransomware Data breaches Encryption Financial Services 133

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

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 106

Financial Services Privacy Personal data Marketing 106

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 57

Compliance Risk Government Retail 57

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 67

Data Privacy Privacy Security Data breaches 67

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

IBM Big Data Hub

DECEMBER 14, 2023

The stakes are especially high for organizations in highly regulated industries because they can be exploited through their digital supply chain, giving hackers access to consumers’ valuable and sensitive data. Consequently, these data breaches can rattle customer trust and the confidence of regulators. 

Cloud 82

Cloud Security Data breaches Cybersecurity 82

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

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 89

Risk Data breaches Authentication Financial Services 89

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 224

Financial Services IT Data breaches Passwords 224

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 98

Compliance Cybersecurity Risk Encryption 98

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

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

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 Cybersecurity 147

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 98

IT Financial Services Access Risk 98

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. The rules contain the provisions we had described in the original NYDFS proposal a year ago (see our blog post here ), but include some changes.

Cybersecurity 105

Cybersecurity Compliance Financial Services Government 105

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

JULY 24, 2023

As global data is predicted to grow by more than 100% from 2022 to 2026, making it a top target for cybercriminals, businesses must prioritize cybersecurity solutions that offer protection without affecting network performance or management. These solutions encrypt data as it moves across networks for maximum security and performance.

Business Services 62

Business Services Encryption Security Manufacturing 62

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 67

Privacy Cybersecurity Data breaches GDPR 67

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

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

Security Affairs

MARCH 14, 2024

The Australian and New Zealand Nissan Corporation and Financial Services (“Nissan”) advises that its systems have been subject to a cyber incident. Stolen data included corporate files and personal information Nissan refused to pay the ransom and the cybercrime group published the alleged stolen files.

Data breaches 127

Data breaches Financial Services Ransomware Government 127

Thales Cloud Protection & Licensing

DECEMBER 11, 2018

As I was starting to write this blog, yet another retail program data breach occurred, for Marriott’s Starwood loyalty program. To make a long story short – the top reason that they didn’t invest in data security was “lack of perceived need” at 52%. This had me asking a simple question – Why? Doing the math perhaps?

Retail 66

Retail Data breaches Encryption Mining 66