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

Security Affairs

JUNE 6, 2024

The FBI is inviting victims of LockBit ransomware to come forward because it has obtained over 7,000 LockBit decryption keys that could allow them to recover their encrypted data for free. The NCA reached out to victims based in the UK providing support to help them recover encrypted data.

Energy and Utilities 342

Energy and Utilities Ransomware Agriculture Encryption 342

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. The Amendment also includes new governance requirements and responsibilities applicable to the CISO of all covered entities.

Financial Services 111

Financial Services Cybersecurity Compliance Government 111

Thales Cloud Protection & Licensing

JANUARY 16, 2025

However, as important as PCI may be, United States financial services organizations operate in one of the worlds most stringent and complex compliance landscapes. Understanding the US FinServ Compliance Landscape The US financial services industry is subject to a vast number of laws and regulations.

Compliance 62

Compliance Financial Services Encryption Insurance 62

Security Affairs

FEBRUARY 21, 2024

government offers rewards of up to $15 million for information that could lead to the identification or location of LockBit ransomware gang members and affiliates. The NCA will reach out to victims based in the UK in the coming days and weeks, providing support to help them recover encrypted data.

Energy and Utilities 332

Energy and Utilities Ransomware Agriculture Manufacturing 332

Security Affairs

JUNE 20, 2023

Data sovereignty also encompasses the rights and regulations governing data storage, processing, and transfer and often intersects with privacy, security, and legal considerations. It employs encryption, tokenization, and data masking to ensure that sensitive information remains protected throughout its lifecycle, both in transit and at rest.

Compliance 246

Compliance Cybersecurity Risk Encryption 246

Security Affairs

SEPTEMBER 10, 2018

defense contractors and financial services firms worldwide. The hackers attempted to inject malicious JavaScript code into the government websites connected to the data center. The APT group has been active since at least 2010, the crew targeted U.S. We informed the company about the issue via CN-CERT.”

Communications 235

Communications Financial Services Government Phishing 235

Thales Cloud Protection & Licensing

OCTOBER 28, 2024

It aims to ensure that financial institutions, ranging from banks to payment processors, can manage and mitigate risks associated with information and communication technology. Key areas covered by DORA include incident reporting, regular ICT risk assessments, third-party risk management, and maintaining robust governance frameworks.

Privacy 62

Privacy Encryption Compliance Risk 62

Krebs on Security

DECEMBER 27, 2019

-based Synoptek is a managed service provider that maintains a variety of cloud-based services for more than 1,100 customers across a broad spectrum of industries , including state and local governments, financial services, healthcare, manufacturing, media, retail and software.

Ransomware 224

Ransomware IT Phishing Financial Services 224

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

Security Affairs

FEBRUARY 20, 2024

The NCA will reach out to victims based in the UK in the coming days and weeks, providing support to help them recover encrypted data. The NCA and its global partners have secured over 1,000 decryption keys that will allow victims of the gang to recover their files for free. ” said National Crime Agency Director General, Graeme Biggar.

Energy and Utilities 332

Energy and Utilities Ransomware Manufacturing Agriculture 332

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

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

SEPTEMBER 1, 2023

In some instances, the attacker might choose to deploy ransomware across the network, encrypting important files and bringing operations to a halt. They then demand a ransom in exchange for the decryption keys, causing financial losses and potential reputational damage to the organization. Does EternalBlue still exist?

Phishing 327

Phishing Ransomware Search queries Access 327

The Last Watchdog

SEPTEMBER 23, 2019

Tech consultancy IDC recently estimated that global spending on security-related hardware, software and services is growing at a compound annual growth rate of 9.2% As I came to understand it, this new approach leverages multi-factor secret sharing algorithms previously only used by government entities. billion by 2022.

Security 159

Security Encryption Compliance Data breaches 159

Thales Cloud Protection & Licensing

FEBRUARY 28, 2024

How better key management can close cloud security gaps troubling US government madhav Thu, 02/29/2024 - 05:38 In my first blog on this topic I noted a Treasury Department report released last year listed six cloud security challenges financial sector firms face. This hack included US Government networks.

Cloud 77

Cloud Government Encryption Security 77

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. Confidentiality and government access.

Paper 134

Paper Blockchain Privacy Financial Services 134

Thales Cloud Protection & Licensing

DECEMBER 4, 2019

Data security professionals also make ambitious plans, but implementation rates are too low – a key finding in the 2019 Thales Data Threat Report-Financial Services Edition. Here’s a look at four common issues highlighted in the 2019 Thales Data Threat Report-Financial Services Edition and tips for overcoming them.

Financial Services 17

Financial Services Encryption Cloud Digital transformation 17

eSecurity Planet

AUGUST 9, 2022

See the Top Governance, Risk and Compliance (GRC) Tools. Other industry standards too can have the force of “pseudo-law” – notably, the NIST Cybersecurity Framework, which federal regulators often apply to financial-services firms and government contractors. PIPL Raises the Bar – And the Stakes.

Data Privacy 145

Data Privacy Compliance Privacy Security 145

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

eSecurity Planet

NOVEMBER 17, 2022

That double threat — exfiltration and destruction/encryption — makes backup and encryption of data critically important for recovery and to avoid extortion when hackers threaten to release sensitive data. “ Immutable backups ” are often touted as the answer here. Prepare Now. The conference — held in McLean, Va.,

Cloud 135

Cloud Ransomware Encryption Cybersecurity 135

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 Ransomware 115

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

eSecurity Planet

FEBRUARY 11, 2022

Some organizations such as financial services firms and healthcare organizations, have regulatory concerns in addition to business concerns that need to be addressed in a cybersecurity risk management system. Also read : Top Governance, Risk, and Compliance (GRC) Tools for 2022. Advanced Encryption.

Risk 145

Risk Cybersecurity Encryption Access 145

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. This includes administrative, physical, and technical safeguards like encryption and access controls. What are Federal Cybersecurity Regulations?

Cybersecurity 121

Cybersecurity Computer and Electronics Compliance Privacy 121

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

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

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

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

eSecurity Planet

JUNE 16, 2022

Cyber criminals may damage, destroy, steal, encrypt, expose, or leak data as well as cause harm to a system. Encrypted threats spiked 167%, ransomware increased 105%, and 5.4 In May, cybersecurity researchers revealed that ransomware attacks are increasing their aggressive approach by destroying data instead of encrypting it.

Ransomware 145

Ransomware Cybersecurity Phishing Encryption 145

eSecurity Planet

SEPTEMBER 10, 2021

Does the provider encrypt data while in transit and at rest? Specifically, these tools address a number of security requirements, including patch management , endpoint encryption, VPNs , and insider threat prevention among others. Encrypt data in motion and at rest. Encryption is a key part of any cloud security strategy.

Cloud 132

Cloud Security Encryption Risk 132

Thales Cloud Protection & Licensing

DECEMBER 12, 2024

Just as you wouldn't feel comfortable if a shop left your credit card information on a sticky note, PCI DSS ensures that businesses treat your payment data with extra care, keeping it encrypted, well-protected, and out of reach from anyone who shouldn't have access to it. What is PCI? PCI compliance made easy. Thales Top PCI DSS 4.0

Compliance 62

Compliance Encryption Financial Services Data breaches 62

Reltio

DECEMBER 10, 2021

Reltio scored well in matching, context, governance, business templates, deployment, security, and scalability. Reference customers liked its capabilities around user-friendly search, ease to manage, and reliability, as well as its well-managed software-as-a-service (SaaS) platform.”. Continuous Data Quality and Governance.

MDM 98

MDM Analytics Digital transformation Cloud 98

DLA Piper Privacy Matters

APRIL 20, 2021

This introduces a data lifecycle security framework, and represents the key guideline for handling personal and other financial information by financial institutions (i.e. similar to the PIS Specification, but focused on the banking and financial services industry). Level 1: public data.

Compliance 111

Compliance Security Financial Services Data collection 111

The Last Watchdog

SEPTEMBER 7, 2022

Healthcare and public health, financial services, and IT organizations are frequent targets, although businesses of all sizes can fall victim to these schemes. They’re often state-sponsored entities, foreign governments, or actual businesses. million in adjusted losses. High-stakes threat actors. Who are these masterminds?

Ransomware 124

Ransomware Education Phishing Financial Services 124

IT Governance

JULY 31, 2019

Croatian government targeted by mysterious hackers (unknown). LaPorte, Indiana, government pays $132 after its systems crippled by ransomware (unknown). New Bedford, MA, and Syracuse, NY, governments also hit by ransomware (unknown). NV, becomes latest US government to be hit by ransomware (unknown). Data breaches.

Data breaches 111

Data breaches Ransomware Personal data Government 111

Thales Cloud Protection & Licensing

MARCH 31, 2025

Once thought unbreakable, traditional encryption faces an existential threat from quantum processors that can theoretically solve complex equations in mere moments. Adversaries are collecting encrypted data ranging from sensitive transactions and patient records to government communicationsand storing it for future decryption.

Security 62

Security Encryption e-Discovery Compliance 62