Security Affairs

JANUARY 27, 2022

Personal data belonging to millions of customers of large businesses have been exposed due to a flaw in Onfido IDV. Millions of customers of large businesses have been left vulnerable to identity theft, thanks to a security flaw that exposes their personal data to illicit download. Verification process.

Personal data 246

Personal data Data breaches Phishing Passwords 246

The Last Watchdog

SEPTEMBER 23, 2019

Related: Breakdown of Capital One breach The simple answer is that any organization that sustains a massive data breach clearly did not do quite enough to protect the data itself. Here are key takeaways: Security benefits Protect the data itself. Protecting the data itself is logical and smart. billion by 2022.

Security 159

Security Encryption Compliance Data breaches 159

The Last Watchdog

JANUARY 28, 2024

Scientists at NTT Research are working on an advanced type of cryptography that enables businesses to perform aggregate data analysis on user data — without infringing upon individual privacy rights. Rising data privacy regulations underscores the need for such a capability, Boyle told me.

Privacy 263

Privacy Data Privacy GDPR Personal data 263

The Last Watchdog

SEPTEMBER 24, 2024

The data began leaking in April 2024, and by summer, it was being sold on the dark web for $3.5 The stolen information included full names, Social Security numbers, mailing addresses, phone numbers, and email addresses of millions of U.S., Perhaps the time has come to get rid of using our social security numbers.

Authentication 216

Authentication IT ROT Compliance 216

IBM Big Data Hub

JANUARY 16, 2024

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape.

Financial Services 48

Financial Services Customer Experience Cloud Digital transformation 48

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. appeared first on Security Affairs. Provide unpredictable usernames.

IT 246

IT Passwords Authentication Data Privacy 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

Schneier on Security

JANUARY 31, 2024

In October, the Consumer Financial Protection Bureau (CFPB) proposed a set of rules that if implemented would transform how financial institutions handle personal data about their customers. Beyond these economic effects, the rules have important data security benefits. You have no choice in the matter.

Financial Services 127

Financial Services Privacy Personal data Marketing 127

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

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 4: payments data.

Compliance 111

Compliance Security Financial Services Data collection 111

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. AI models can unintentionally expose underlying data through outputs, potentially revealing confidential information.

Privacy 62

Privacy Encryption Compliance Risk 62

Hunton Privacy

OCTOBER 17, 2012

On October 15, 2012, the Singapore Parliament passed the Personal Data Protection Act 2012. The new law will apply only to data processing in the private sector as data processing by public agencies (or organizations acting on behalf of public agencies) are already subject to internal government rules.

Personal data 45

Personal data Financial Services Data Privacy Data breaches 45

eSecurity Planet

SEPTEMBER 21, 2024

Cybersecurity laws and regulations encompass a range of legal requirements designed to protect information systems and data from cyber threats. These laws aim to establish standards for securing data, ensuring privacy, and mitigating risks associated with digital information. What are Federal Cybersecurity Regulations?

Cybersecurity 121

Cybersecurity Computer and Electronics Compliance Privacy 121

The Last Watchdog

FEBRUARY 25, 2019

Related: Applying ‘zero trust’ to managed security services. Fortunately, the identity management space has attracted and inspired some of the best and brightest tech security innovators and entrepreneurs. Efforts to balance security and productivity sometimes backfired. It’s not for lack of trying.

Access 169

Access Government Authentication Data breaches 169

IT Governance

JULY 31, 2019

Remember after last month’s relatively serene cyber security scene we said this wasn’t the beginning of the GDPRevolution ? Hackers steal names and Social Security numbers from Maryland Department of Labour (78,000). Philadelphia Federal Credit Union confirms security breach (unknown).

Data breaches 111

Data breaches Ransomware Personal data Government 111

OpenText Information Management

DECEMBER 4, 2019

Last year, the number of personal records exposed by cyber attacks on the financial services industry was an incredible 446,575,334 – more than triple from the year before. The financial and reputational damage from these data breaches can be immense.

Financial Services 52

Financial Services Data breaches Security Personal data 52

IT Governance

NOVEMBER 13, 2023

On 14 September, Mulkay discovered that the compromised files contained personal information, including “name, address, date of birth, Social Security number, driver’s license number or state ID, medical treatment information, and health insurance information”. Some patients also had their Social Security numbers exposed.”

Data Privacy 67

Data Privacy Privacy Security Data breaches 67

Data Protection Report

FEBRUARY 8, 2022

The latter is the 2019 data security law known as the Stop Hacks and Improve Electronic Data Security (SHIELD) Act. EyeMed engaged a forensic investigator, which was unable to determine whether any exfiltration of personal data had occurred, due in part to a lack of log data. Background. SHIELD Act.

Passwords 98

Passwords Financial Services Authentication Insurance 98

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. Why do you need network encryption in business services?

Business Services 62

Business Services Encryption Security Manufacturing 62

Collibra

OCTOBER 31, 2023

With every financial services organization focused on making better and faster decisions, data professional and business leaders are eager to better understand how AI can facilitate their strategic goals. Not surprisingly, everyone was talking about Artificial Intelligence (AI). Already using AI?

Marketing 105

Marketing Government Financial Services Artificial Intelligence 105

Hunton Privacy

DECEMBER 19, 2022

The statement explains that “[t]here are over 5,000 UK companies operating in the UAE, many of which depend on the free and secure flow of safe data across borders.” The DIFC has already recognized the UK’s strong data protections and the UK is now in the advanced stages of its technical data protection assessment of the DIFC.

Government 61

Government Financial Services Personal data Security 61

eSecurity Planet

JUNE 16, 2022

However, basic cybersecurity tools and practices, like patching , strong passwords , and multi-factor authentication (MFA), “can prevent 80 to 90% of cyberattacks,” said Anne Neuberger, deputy national security advisor for cyber and emerging technologies, during a White House press conference in Sept. Cyberattack Statistics. Other methods.

Ransomware 145

Ransomware Cybersecurity Phishing Encryption 145

Hunton Privacy

JULY 22, 2009

The UK Financial Services Authority (FSA) has announced today fines for three HSBC entities totaling £3 million for failing to have adequate systems and controls in place to protect their customers’ confidential data. The incident will reignite debate as to whether the UK should have a mandatory data breach law.

Security 40

Security Insurance Data breaches Personal data 40

DLA Piper Privacy Matters

AUGUST 23, 2021

Instead the PIPL is a robust data privacy framework designed to safeguard individuals’ personal data against abuse, but at the same time to reflect cultural and business attitudes to data in China, as well as new technologies (including advances in AI, biometrics and data analytics), and to enable flows of personal data.

Data Privacy 111

Data Privacy Privacy Compliance Analytics 111

Thales Cloud Protection & Licensing

DECEMBER 23, 2019

According to the 2019 Thales Data Threat Report-India Edition , digital transformation is well underway in India, with 41% of Indian respondents saying they are either aggressively disrupting the markets they participate in or embedding digital capabilities that enable greater organizational agility. Complexity is a Barrier to Data Security.

Digital transformation 15

Digital transformation Cloud Encryption Data Privacy 15

Data Matters

JUNE 24, 2021

In the Order, the SEC alleges that First American’s disclosures concerning the vulnerability were deficient because senior executives were not provided all available and relevant information, specifically that First American’s information security personnel had identified and failed to remediate the vulnerability months earlier in January 2019.

Cybersecurity 68

Cybersecurity Financial Services Risk Compliance 68

Hunton Privacy

JULY 17, 2015

On July 14, 2015, pursuant to an implementation requirement of Government Regulation 82 of 2012, the Indonesian government published the Draft Regulation of the Minister of Communication and Information (RPM) of the Protection of Personal Data in Electronic Systems (“Proposed Regulation”). 82 of 2012.

Personal data 40

Personal data Archiving Financial Services Communications 40

CGI

OCTOBER 25, 2015

Security in the finance sector: Whose role is it anyway? Thomson Reuters was recently quoted as saying, “Increased regulation isn’t just a temporary challenge for global financial institutions—it’s the new reality.”. Finance service providers. Real-time payments demand the highest standards of service availability.

IT 40

IT Security Digital transformation Compliance 40

Troy Hunt

SEPTEMBER 27, 2024

As it relates to the UK GDPR, there are two essential concepts to understand, and they're the first two bulleted items in their personal data breaches guide : The UK GDPR introduces a duty on all organisations to report certain personal data breaches to the relevant supervisory authority.

Data breaches 121

Data breaches GDPR Personal data Risk 121

Thales Cloud Protection & Licensing

DECEMBER 11, 2018

But it looks like my own personal data has been breached – again. What I’d originally planned to write about was a topic that directly applies – why retailers of all stripes are not investing in data security. That makes a cavalier attitude about data security much less forgivable. Not used in years.

Retail 66

Retail Data breaches Encryption Mining 66

Data Protection Report

OCTOBER 24, 2022

On October 18, 2022, the New York Department of Financial Services announced a settlement with EyeMed, a licensed life, accident, and health insurer, with respect to a security incident that occurred in 2020. The settlement requires EyeMed to pay $4.5 million, among other things. Background. million. 23 NYCRR § 500.13.

Cybersecurity 52

Cybersecurity Personal data Risk Financial Services 52

Thales Cloud Protection & Licensing

NOVEMBER 16, 2017

Ahead of the May 2018 legislation, we’ve been asking organisations if they’re #FITforGDPR – whether they’re ready to improve their personal data protections, as well as take on the increased accountability for data breaches, should they occur. As expected, responses have been mixed. A role of responsibility.

GDPR 63

GDPR Data breaches Retail Financial Services 63

Data Protection Report

OCTOBER 1, 2019

Although California has recently captured the lion’s share of attention with respect to privacy and security, on October 23, 2019, New York’s amended security breach law goes into effect, and on March 1, 2020, new security safeguards go live (N.Y. Readers may recall that New York’s security breach notification law (N.Y.

Security 40

Security Financial Services Passwords Risk 40

Hunton Privacy

OCTOBER 24, 2022

On October 18, 2022, the New York State Department of Financial Services (“NYDFS”) announced that EyeMed Vision Care LLC (“EyeMed”) agreed to a $4.5

Cybersecurity 67

Cybersecurity Financial Services Risk Phishing 67

HL Chronicle of Data Protection

MARCH 16, 2020

On Tuesday, 3 March 2020, we welcomed our financial services clients in London to a lively panel event, which covered the multitude of issues which arise in a cybersecurity incident. Peter Marta. Arwen Handley. Philip Parish. Nicola Fulford.

Cybersecurity 45

Cybersecurity Financial Services Risk Insurance 45

Hunton Privacy

FEBRUARY 12, 2013

The Guidelines introduce heightened notice and opt-out requirements for the use of cookies, web beacons and similar technology, and they impose extensive requirements on the content and delivery of privacy notices generally (with respect to all personal data, not just data collected via cookies and other automated means).

Privacy 40

Privacy Personal data Data collection Financial Services 40

Hunton Privacy

NOVEMBER 8, 2012

On October 29, 2012, the UK Information Commissioner’s Office (“ICO”) served private sector financial services company The Prudential Assurance Company Limited (“Prudential”) with a monetary penalty of £50,000 in connection with a serious violation of the Data Protection Act 1998 (“DPA”).

Financial Services 40

Financial Services Personal data IT Privacy 40