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DORA: 1 year to go! Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds

Thales Cloud Protection & Licensing

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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CIPL Publishes Discussion Paper on Digital Assets and Privacy

Hunton Privacy

As financial services authorities move to regulate digital assets in jurisdictions worldwide, the paper highlights the need to bring privacy regulators into the discussion so that data privacy issues affecting blockchain are addressed in tandem. Accountability. Data security.

Paper 134
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The Many Challenges of a Multi-Cloud Business Environment

Thales Cloud Protection & Licensing

At a global level, there's a broad acceptance that security teams are tightly involved with policy definition (82%), but an almost even split in relation to enforcement; 37% believe it is the security team’s responsibility while 45% believe that policy enforcement is up to the cloud provider.

Cloud 71
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Security Compliance & Data Privacy Regulations

eSecurity Planet

Virgin Islands, and Guam) have their own data breach notification laws (and each such state, accordingly, has its very own definition of such basic terms as “data” and “breach”) – with Massachusetts’ and California’s respective breach-notification schemes viewed as among the strictest. In the U.S.,

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Best practices for hybrid cloud banking applications secure and compliant deployment across IBM Cloud and Satellite

IBM Big Data Hub

Financial Services clients are increasingly looking to modernize their applications. Moreover, many of these financial services applications support regulated workloads, which require strict levels of security and compliance, including Zero Trust protection of the workloads.

Cloud 89
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NYDFS finalizes cybersecurity rule amendments

Data Protection Report

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 two definitions from Section 500.1 a)), this new term applies. There are several other compliance dates that include different transition periods (500.22(d)

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FTC amendment to Safeguards Rule

Data Protection Report

The only exemptions are “blind data” that contain no personal identifiers or publicly available information; and Customer information will be considered to be “unencrypted” in situations in which the encryption key was also accessed without authorization, regardless of whether the customer information was encrypted.