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. CISO and senior governing body requirements; 500.15: Encryption requirements; 500.16: Incident response plan requirements; and, 500.19(a):

Financial Services 111

Financial Services Cybersecurity Compliance Government 111

Thales Cloud Protection & Licensing

NOVEMBER 4, 2020

Financial Services Organizations Need to Adapt their Security Practices to the Shifting Environment. Even “traditional banks” seek to drive more revenue from digital products, personalized services and experiences. At the same time, financial services organizations need to adapt to a shifting global environment.

Financial Services 62

Financial Services Security Digital transformation Encryption 62

Security Affairs

AUGUST 31, 2021

Recently emerged LockFile ransomware family LockFile leverages a novel technique called intermittent encryption to speed up encryption. Sophos researchers discovered that the group is now leveraging a new technique called “intermittent encryption” to speed up the encryption process.

Encryption 143

Encryption Ransomware Financial Services Manufacturing 143

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

HID Global

JANUARY 17, 2023

PKI enables companies to securely authenticate and authorize users, servers, applications and devices and encrypt all data and communication between them.

Financial Services 52

Financial Services Cloud Encryption Authentication 52

Thales Cloud Protection & Licensing

NOVEMBER 18, 2024

Offers database encryption to protect against abuse by privileged users. Identity and Access Management (IAM) The 2024 Thales Data Threat Report (DTR) Financial Services Edition revealed that only 59% of financial services organizations cite achieving security consistency across workforce and non-workforce identities.

Financial Services 62

Financial Services Encryption Digital transformation Compliance 62

Thales Cloud Protection & Licensing

JULY 24, 2023

Network Encryption Keeps Our Data in Motion Secure for Business Services madhav Tue, 07/25/2023 - 04:59 The demand for high-speed networks and fast data transfers is increasing due to cloud adoption, digital transformation, and hybrid work. These solutions encrypt data as it moves across networks for maximum security and performance.

Business Services 62

Business Services Encryption Security Manufacturing 62

Krebs on Security

APRIL 11, 2024

New York City based Sisense has more than 1,000 customers across a range of industry verticals, including financial services, telecommunications, healthcare and higher education. “If they are hosting customer data on a third-party system like Amazon, it better damn well be encrypted,” Weaver said.

Encryption 274

Encryption Passwords Access Financial Services 274

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 66

Financial Services Cybersecurity Insurance Risk 66

Thales Cloud Protection & Licensing

APRIL 1, 2021

Protecting Sensitive Data with Luna Key Broker for Microsoft Double Key Encryption. Thales has integrated its Luna HSMs with DKE for Microsoft 365, which work together to enable organizations to protect their most sensitive data while maintaining full control of their encryption keys. Thu, 04/01/2021 - 14:04.

Encryption 79

Encryption Compliance Cloud GDPR 79

Security Affairs

MARCH 18, 2019

Slack announced today to launch encryption keys that will help businesses to protect their data. Slack announced today to launch encryption keys that will help businesses to protect their data. Slack announced today to launch encryption keys that will help businesses to protect their data.

Encryption 106

Encryption Risk Financial Services Privacy 106

The Last Watchdog

JULY 11, 2023

Implement strong data encryption. Data encryption is fundamental for protecting sensitive information in alternative asset trading. Industry-standard algorithms for encryption can ensure all data, in transit and at rest, is safe. Prioritize continuous threat detection.

Encryption 189

Encryption IT Risk Financial Services 189

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”). A covered entity’s incident response plan, as required by Section 500.16

Financial Services 55

Financial Services Cybersecurity Risk Passwords 55

The Last Watchdog

MAY 23, 2023

Mobile apps work by hooking into dozens of different APIs, and each connection presents a vector for bad actors to get their hands on “API secrets,” i.e. backend data to encryption keys, digital certificates and user credentials that enable them to gain unauthorized control.

Digital transformation 200

Digital transformation Financial Services Encryption Communications 200

IBM Big Data Hub

NOVEMBER 7, 2023

Securing sensitive data in an evolving landscape Advancements like those in AI and quantum computing can pose new challenges to customers, especially those in highly regulated industries such as financial services, healthcare, telecommunications and more.

Cloud 82

Cloud Financial Services Security Compliance 82

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. .

Data breaches 135

Data breaches Financial Services Cybersecurity Ransomware 135

Thales Cloud Protection & Licensing

NOVEMBER 20, 2023

The IBM 2023 Cost of a Data Breach Report , for example, highlights the continuous financial burden on retailers, which, coupled with potential reputational damage, emphasizes the dire need for retailers to prioritize and bolster their cybersecurity measures. The security of our financial data is of paramount importance.

Retail 83

Retail Cybersecurity Financial Services Encryption 83

OpenText Information Management

JULY 9, 2024

The financial services sector, long rooted in traditional methods and complex operations, is experiencing a dramatic transformation. Forget the outdated image of clunky fax machines—today’s digital fax and capture offer a sleek, efficient, and secure way to manage information in the modern financial world.

Paper 64

Paper Financial Services Blockchain Compliance 64

Thales Cloud Protection & Licensing

OCTOBER 16, 2024

Individuals risk identity theft, financial loss, and privacy violations. Businesses, particularly those in financial services, healthcare, and retail sectors, suffer from operational disruptions and financial penalties. The answer is three-fold: data encryption, strong access controls, and application security.

Security 62

Security Encryption Data breaches Cybersecurity 62

Thales Cloud Protection & Licensing

SEPTEMBER 25, 2024

Thales provides Double Key Encryption for Microsoft 365 and Client-Side Encryption for Google Workspace. Accenture enables customer migration to Oracle Cloud Infrastructure (OCI) by leveraging Thales CipherTrust Cloud Key Management to maintain complete HYOK control of the encryption keys securing their sensitive data.

Cloud 62

Cloud Compliance Encryption Financial Services 62

Thales Cloud Protection & Licensing

OCTOBER 28, 2024

As DORA emphasizes both resilience and cybersecurity, these techniques are indispensable in ensuring that the financial sector can uphold privacy standards while meeting operational resilience goals. Recommendation: apply encryption according to risk profile of the data and in line with company policy.

Privacy 62

Privacy Encryption Compliance Risk 62

Security Affairs

JUNE 5, 2021

Recently Cyber researchers for Cyble investigated an attack suffered by on May 30, 2021, by Nucleus Software, an India-based IT company in the Banking and Financial Services sector. Nucleus Software declared that it does not store customers’ financial data. . BlackCocaine ” to the filenames of encrypted files.

Ransomware 145

Ransomware Encryption File names Financial Services 145

IBM Big Data Hub

NOVEMBER 14, 2023

With flexible consumption-based pricing, it provides on-demand access to z/OS systems, dramatically improving developer productivity by accelerating release cycles on secure, regulated hybrid cloud environments like IBM Cloud Framework for Financial Services (FS Cloud). The IBM Cloud Framework for Financial Services a.k.a

Financial Services 93

Financial Services Cloud Compliance Digital transformation 93

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

IBM Big Data Hub

DECEMBER 18, 2023

For organizations of all types—and especially those in highly regulated industries such as financial services, government, healthcare and telco—considerations including the rise of generative AI, evolving regulations and data sovereignty laws and ongoing security challenges must be top of mind.

Cloud 63

Cloud Financial Services Compliance Digital transformation 63

Thales Cloud Protection & Licensing

SEPTEMBER 18, 2023

According to the 2022 Thales Data Threat Report – Financial Services Edition , 52% of U.S. financial services organizations report that they have experienced a data breach in the past. Secure data storage is closely related to encryption and key management. million, second only to healthcare.

Compliance 77

Compliance Financial Services Data breaches Encryption 77

Security Affairs

SEPTEMBER 9, 2023

The message published by the gang on its leak site emphasizes that they didn’t encrypt data to avoid causing malfunctions to the hospital’s medical equipment. The cybercrime group claims to have stolen 1 TB of data from the hospital and threatens to leak it.

Ransomware 134

Ransomware Phishing Encryption Privacy 134

Thales Cloud Protection & Licensing

JULY 1, 2024

There has been significant adoption of open banking technology across the financial services sector. million users, driven by strong regulatory frameworks and increasing consumer demand for digital financial services. As of 2024, open banking adoption in Europe was projected to reach 132.2

Security 62

Security Financial Services Digital transformation Access 62

Thales Cloud Protection & Licensing

JANUARY 11, 2023

Security & Compliance for SAP Data in Financial Services. Financial services companies keep some of their most valuable data in SAP applications, triggering the need for both additional security and taking steps toward meeting compliance requirements. Key Findings from 2022 Global Data Threat Report.

Compliance 83

Compliance Cloud Security Financial Services 83

IBM Big Data Hub

AUGUST 1, 2023

With IBM Cloud for Financial Services , a first-of-its-kind cloud with built-in controls informed by the industry, we are working to help clients on their missions to mitigate this risk, positioning financial services and other regulated industries to host applications and workloads in the cloud in a secured environment.

Financial Services 63

Financial Services Computer and Electronics Cloud Digital transformation 63

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.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

Hunton Privacy

JANUARY 20, 2023

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. Data security.

Paper 134

Paper Blockchain Privacy Financial Services 134

IBM Big Data Hub

FEBRUARY 5, 2024

The Digital Operational Resilience Act (DORA) marks a significant milestone in the European Union’s (EU) efforts to bolster the operational resilience of the financial sector in the digital age. Furthermore, the RTS Article 6 highlights the necessity for all networked traffic, both internal and external, to be encrypted.

Encryption 66

Encryption Data Privacy Compliance Cloud 66

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.

Financial Services 143

Financial Services Libraries Encryption Authentication 143

Thales Cloud Protection & Licensing

SEPTEMBER 14, 2023

A great number of financial services companies buy off-the-shelf, turn-key payment applications, and we know that Thales has many great partners, many of which I worked with directly during my tenure at Thales, that deliver these types of solutions.

Financial Services 71

Financial Services Security Cloud Marketing 71

Thales Cloud Protection & Licensing

OCTOBER 27, 2021

Cloud security tools (cloud security posture management, cloud workload protection, cloud identity and entitlement management), data loss prevention, encryption, and multi-factor authentication (MFA) are the most common technologies used for securing cloud environments. Who’s responsible for encryption and key management?

Cloud 71

Cloud Encryption Financial Services Authentication 71

IBM Big Data Hub

FEBRUARY 22, 2024

IBM’s Enterprise Cloud for Regulated Industries Building on our expertise working with enterprise clients in industries such as financial services, government, healthcare and telco, we saw the need for a cloud platform designed with the unique needs of these heavily regulated industries in mind.

Cloud 73

Cloud Computer and Electronics Compliance Financial Services 73