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

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

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

Thales Cloud Protection & Licensing

SEPTEMBER 25, 2024

With the acquisition, Thales adds Imperva’s partners to its extensive partner ecosystem, expanding its portfolio into data governance, data risk and analytics, and application security. Thales provides Double Key Encryption for Microsoft 365 and Client-Side Encryption for Google Workspace.

Cloud 62

Cloud Compliance Encryption Financial Services 62

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

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 120

Cybersecurity Computer and Electronics Compliance Privacy 120

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

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

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

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

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 135

Ransomware Phishing Encryption Privacy 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 Financial Services 115

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

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

Security Affairs

DECEMBER 2, 2022

Dollars (USD) and received more than $60 million in ransom payments from over 100 victims worldwide as of August 2022, the US government states. entities Financial Services, Government Facilities, Healthcare and Public Health, Critical Manufacturing, and Information Technology.

Ransomware 100

Ransomware Financial Services Manufacturing Phishing 100

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

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

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

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 138

Energy and Utilities Ransomware Agriculture Encryption 138

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. IT governance and security. Privacy governance and management. Enterprise & operational risk management. Audit management.

Compliance 57

Compliance Risk Government Retail 57

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 190

Ransomware IT Phishing Financial Services 190

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 98

Compliance Cybersecurity Risk Encryption 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. d) and 500.22(e)),

Cybersecurity 105

Cybersecurity Compliance Financial Services Government 105

IBM Big Data Hub

DECEMBER 14, 2023

The data security capabilities that are provided by IBM Cloud® Hyper Protect Crypto Services help clients on their confidential computing journey by providing complete control of cloud data encryption keys and cloud hardware security modules.

Cloud 82

Cloud Security Data breaches Cybersecurity 82

Security Affairs

OCTOBER 13, 2022

The Budworm cyber espionage group (aka APT27 , Bronze Union , Emissary Panda , Lucky Mouse , TG-3390 , and Red Phoenix) is behind a series attacks conducted over the past six months against a number of high-profile targets, including the government of a Middle Eastern country, a multinational electronics manufacturer, and a U.S.

File names 145

File names Financial Services Manufacturing Libraries 145

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 126

Security Data breaches Ransomware Artificial Intelligence 126

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 135

Energy and Utilities Ransomware Agriculture Manufacturing 135

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

Collibra

JANUARY 31, 2023

Privacy and protection regulations are growing in numerous industries (such as financial services) and geographic regions (including the EU, Australia, California, and Nevada). It’s not just governments. 75% of consumers say that the way companies handle their data impacts their buying decisions. Finally, Collibra is secure.

Digital transformation 98

Digital transformation Data Privacy Privacy Cloud 98

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

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

IBM Big Data Hub

MAY 8, 2024

We designed our enterprise cloud platform for even the most highly regulated industries with the unique needs of these heavily regulated sectors, such as financial services , government , healthcare and telco , in mind.

Cloud 61

Cloud Customer Experience Compliance Artificial Intelligence 61

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

Thales Cloud Protection & Licensing

DECEMBER 20, 2023

To ensure data integrity and network security, businesses must adopt more sophisticated security protocols, including advanced encryption methods and AI-driven threat detection systems. Initially a driving force in financial services for secure transactions, blockchain now faces the challenge of reshaping its image and functionality.

Cybersecurity 83

Cybersecurity Blockchain Artificial Intelligence Encryption 83

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

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

Security Affairs

APRIL 8, 2020

The attack took place on March 14th, 2020, when the Maze Ransomware operators exfiltrated data from the HMR’s network and then encrypt their systems. The Hammersmith Medicines Research is notifying impacted individuals via email the incident, the hackers stole data then employed ransomware to encrypt its systems.

Ransomware 133

Ransomware Data breaches Encryption Financial Services 133