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. This notice requirement explicitly applies to cybersecurity incidents occurring to the covered entity itself, its affiliates, or a third-party service provider.

Financial Services 111

Financial Services Cybersecurity Compliance Government 111

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

Hunton Privacy

FEBRUARY 22, 2021

On February 16, 2021, the New York Department of Financial Services (“NYDFS”) issued a Cyber Fraud Alert (the “Alert”) to regulated entities in light of a growing campaign to steal Nonpublic Information (“NPI”), as defined under New York law, from public-facing websites that provide instant quotes for products like auto insurance (“Instant Quote Websites”). (..)

Financial Services 86

Financial Services Insurance Cybersecurity Analytics 86

OpenText Information Management

NOVEMBER 22, 2023

We’ve experienced economic, geopolitical, technological, and societal challenges over recent months with the ongoing cost-of-living crisis, high interest rates, inflation, global conflicts, catastrophic weather events, the rise in artificial intelligence such as ChatGPT, to name only a few.

Financial Services 59

Financial Services Artificial Intelligence Customer Experience Content services 59

The Last Watchdog

FEBRUARY 11, 2024

Related: The case for augmented reality training Because of this, cybersecurity investments and regulatory oversight are increasing at an astounding rate , especially for those in the financial services industry, bringing an overwhelming feeling to chief compliance officers without dedicated security teams.

Risk 234

Risk IT Financial Services Cybersecurity 234

Data Matters

FEBRUARY 10, 2021

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. Systemic risk includes critical third-party vendors and catastrophic cyber events involving third parties, such as NotPetya and SolarWinds. The post New York Department of Financial Services Issues First Guidance by a U.S.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

ARMA International

NOVEMBER 7, 2019

The scope of a records and information management (RIM) program in financial services can seem overwhelming. Compared to other industries, the complexities of managing records and information in financial services are arguably some of the toughest to solve, primarily because of the intense regulatory scrutiny.

Financial Services 53

Financial Services Communications Compliance Risk 53

Security Affairs

MARCH 14, 2022

Ongoing attacks could cause severe damages to multiple sectors, including transportation, communication, financial services, government facilities, nuclear reactors, and critical manufacturing. This sudden surge in attacks is due to the geopolitical events of the current Russian – Ukraine conflict.”

Risk 246

Risk Financial Services Manufacturing Communications 246

Hunton Privacy

APRIL 22, 2020

On April 13, 2020, the New York Department of Financial Services (“NYDFS”) issued guidance (“April guidance”) to all New York State entities covered under NYDFS’s cybersecurity regulation regarding assessing and addressing heightened cybersecurity risks due to the COVID-19 pandemic.

Financial Services 71

Financial Services Cybersecurity Risk Phishing 71

Hunton Privacy

NOVEMBER 23, 2022

On November 9, 2022, the New York Department of Financial Services (NYDFS) released its second, proposed amendments to the Part 500 Cybersecurity Rule. Any cybersecurity event that affects a third-party service provider that also affects the covered entity.

Financial Services 55

Financial Services Cybersecurity Ransomware Risk 55

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

Krebs on Security

JANUARY 25, 2022

” According to the Native American Financial Services Association (NAFSA), a trade group in Washington, D.C. But if recent events are any indication, legal landscape is shifting towards increased accountability and transparency.” According to Buckley LLP , a financial services law firm based in Washington, D.C.,

Financial Services 244

Financial Services IT Data breaches Passwords 244

OpenText Information Management

MAY 16, 2018

In my previous blog, I took a look at some of the major areas Financial Services needs to address to deliver the experience their customers demand.

Customer Experience 45

Customer Experience Financial Services Analytics 45

Data Protection Report

OCTOBER 17, 2024

On October 16, 2024, the New York Department of Financial Services (“NYDFS” or “DFS”) issued guidance raising awareness about combatting cybersecurity risks arising from artificial intelligence (“AI”) used by DFS licensees, such as insurers and virtual currency businesses.

Artificial Intelligence 56

Artificial Intelligence Financial Services Risk Cybersecurity 56

Data Matters

FEBRUARY 20, 2019

On January 18, 2019, the New York State Department of Financial Services (NYDFS) issued Circular Letter 2019-1 (the Circular Letter), addressing insurers’ use of external consumer data and information sources in underwriting for life insurance.

Insurance 68

Insurance Financial Services Compliance Retail 68

Collibra

MARCH 26, 2025

As a business leader, and New Yorker, Im often booked from one networking event to the next. And the truth is, these events are one of my favorite parts about my joband city! At Collibra, we know our customers have the same experience when interacting with each other at our events. What are Data Citizens User Groups?

Financial Services 52

Financial Services Insurance Education Government 52

Krebs on Security

NOVEMBER 16, 2022

financial services firm Ameriprise uses the domain ameriprise.com; the Disneyland Team’s domain for Ameriprise customers is [link] [brackets added to defang the domain], which displays in the browser URL bar as ? .” For example, one domain the gang has used since March 2022 is ushank[.]com Bank customers.

Phishing 335

Phishing Authentication Financial Services Access 335

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. Since Carnival was licensed by the Department to sell insurance in NY State, it was treated as a covered entity under the Cybersecurity Regulation.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

Krebs on Security

SEPTEMBER 27, 2019

That action set off a chain of events that led another financial institution that helps MyPayrollHR process payments to briefly pull almost $26 million out of checking accounts belonging to employees at more than 1,000 companies that use MyPayrollHR. .” 1, 2019 to Aug.

Financial Services 278

Financial Services Insurance Cloud IT 278

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”). As part of the “training and monitoring” requirements under Section 500.14 Additional Requirements.

Financial Services 55

Financial Services Cybersecurity Risk Passwords 55

Hunton Privacy

JUNE 9, 2022

Unlike other state laws based on MDL-668, however, the Vermont Insurance Data Security Law declines to establish separate cybersecurity event notification requirements for licensees. Cybersecurity Event Investigation and Notification Requirements. Licensees must maintain records about these cybersecurity events for at least five years.

Insurance 107

Insurance Security Information Security Cybersecurity 107

HL Chronicle of Data Protection

FEBRUARY 25, 2020

Companies should take note of two imminent developments in New York in the area of cybersecurity regulation: enforcement of the New York Department of Financial Services (NYDFS) Cybersecurity Regulation (Regulation) and the effective date of the Stop Hacks and Improve Electronic Data Security Act (SHIELD Act or Act).

Cybersecurity 104

Cybersecurity Financial Services Data breaches Information Security 104

HL Chronicle of Data Protection

FEBRUARY 28, 2019

Please join us for our March 2019 events. Mark Brennan will discuss TCPA issues on the panel, “Financial Services and Litigation Trends,” at the American Financial Services Association (AFSA) Law and Compliance Symposium 2019. Telephone Consumer Protection Act. Location : Fort Lauderdale, Florida.

Privacy 40

Privacy Cybersecurity Artificial Intelligence GDPR 40

The Last Watchdog

SEPTEMBER 18, 2024

Through their trusted information brands, network of experts, and more than 250 innovative annual events we provide cybersecurity professionals with actionable insights and act as a powerful extension of cybersecurity marketing teams.

Cybersecurity 130

Cybersecurity Education Financial Services Communications 130

Security Affairs

MARCH 29, 2022

Earmarked by the FBI as a particular threat to the financial service industry just over a year ago, the increase of internet traffic, data breaches and API usage all contribute to the perfect conditions for successful credential stuffing attacks. In that event, you should probably also change your password. Fingerprint device.

IT 246

IT Passwords Authentication Data Privacy 246

Data Protection Report

APRIL 22, 2021

On April 14, 2021, the New York Department of Financial Services (NYDFS) announced a $3 million settlement with insurance company National Securities Corp. The regulation requires that a licensee report a cybersecurity event to NYDFS within 72 hours of its determination of the event. NYDFS Cybersecurity Regulation.

Cybersecurity 94

Cybersecurity Financial Services Phishing Compliance 94

OpenText Information Management

NOVEMBER 15, 2024

A senior testing engineer at a large UK Financial Services company notes, “Our DevOps initiatives, leveraging OpenText automated testing solutions, are helping us be more innovative and much more responsive to evolving customer requirements. We deliver new applications and updates faster, with fewer errors, and at lower cost.”

Financial Services 59

Financial Services Marketing Cloud Analytics 59

Hunton Privacy

JULY 5, 2023

On June 28, 2023, the New York Department of Financial Services (“NYDFS”) published an updated proposed Second Amendment (“Amendment”) to its Cybersecurity Regulation, 23 NYCRR Part 500. On November 9, 2022, NYDFS published a first draft of the proposed Amendment and received comments from stakeholders over a 60-day period.

Cybersecurity 113

Cybersecurity IT Compliance Financial Services 113

OpenText Information Management

NOVEMBER 22, 2024

Mark invited to the stage Alok Daga, CIO of corporate and commercial banking with BMO, to talk about the fast pace of innovation in industries such as financial services. It’s global, trusted, modern machine-based security,” Mark said.

Cloud 75

Cloud Financial Services Education Marketing 75

IBM Big Data Hub

JUNE 26, 2018

In this Q&A, IBM financial services solution architect Irina Saburova discusses an insurance use case with IBM Data Science Marketing Lead Rosie Pongracz.

Data science 73

Data science Insurance Financial Services Marketing 73

Data Protection Report

NOVEMBER 14, 2022

On November 9, 2022, the New York Department of Financial Services (NYDFS) officially proposed changes to its cybersecurity regulation and opened a 60-day public comment period. Notice of Cybersecurity Event. NYDFS had issued a “pre-proposed” version of the changes in July of this year, which we had summarized here.

Cybersecurity 116

Cybersecurity Passwords Risk Compliance 116

Data Matters

MAY 4, 2022

Sidley’s Privacy and Cybersecurity practice has been involved in many of the most complex cyber events in recent years from Yahoo! He is one of the few lawyers who has led multiple global responses to data integrity attacks involving the financial services industry.

Cybersecurity 167

Cybersecurity Marketing Security Privacy 167

The Last Watchdog

AUGUST 15, 2018

Mozilla and Microsoft have signaled that they each will implement similar distrust events for Firefox and Edge (formerly Internet Explorer) in the near future. It’s true that most financial services and big-name shopping websites have long ago moved to HTTPS.

Security 203

Security Encryption Authentication Financial Services 203

Thales Cloud Protection & Licensing

DECEMBER 4, 2019

While this event is still considered one of the most grandiose thefts, financial institutions today collectively face digital attacks that easily rival it. Theft and other data security incidents cost financial institutions millions of dollars and result in more consumer records being lost or stolen, year after year.

Financial Services 17

Financial Services Encryption Cloud Digital transformation 17

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

erwin

OCTOBER 1, 2020

The global pandemic is the single most disruptive event in modern times. In highly regulated environments, such as financial services, healthcare and pharma, attestations, audit trails and compliance reporting are required regardless of circumstances and will be difficult with a manual, laborious approach.

Compliance 143

Compliance Communications Sales Financial Services 143

IBM Big Data Hub

OCTOBER 10, 2023

These attacks are even more detrimental in critical systems, which include IT infrastructure and financial services organizations. IBM Cloud for Financial Services This is where IBM Cloud for Financial Services shines—it helps clients to fill that gap by supporting innovation while guaranteeing security and compliance.

Cloud 73

Cloud Financial Services Compliance Risk 73