Remove Cyber Risk Remove Data breaches Remove Financial Services
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NYDFS Cybersecurity Regulation: Dates, Facts and Requirements

Centraleyes

If you’re part of the financial services ecosystem hereor interact with businesses regulated by the New York State Department of Financial Servicesyouve likely come across the NYDFS Cybersecurity Regulation. Over 60% of data breaches involve insiderssome malicious, others accidental.

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New York SHIELD Act: Everything You Need to Know for Compliance

Centraleyes

As the home of Wall Street and a hub for global commerce, the state was among the first to recognize the need for robust data protection measures. The New York Department of Financial Services (DFS) Cybersecurity Regulation, introduced in 2017, was groundbreaking, setting a high bar for financial institutions.

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News alert: 360 Privacy secures $36M to deliver turnkey digital executive protection platform

The Last Watchdog

The investment will enable 360 Privacy to expand its engineering and revenue teams, accelerate technology and product innovation, and further enhance its ability to deliver best-in-class customer service to safeguard organizations and their executives. In 2024, the average cost of a data breach reached $4.88

B2C 100
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Moody’s to Include Cyber Risk in Credit Ratings

Adam Levin

The American business and financial services company Moody’s will start factoring risk of getting hacked into their credit ratings for companies. The move is seen as part of a wider initiative to gauge the risk of cyberattacks and data breaches to companies and their investors. “We’ve

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CyberSecurity Is Not Enough: Businesses Must Insure Against Cyber Losses

Joseph Steinberg

Ironically, while many larger enterprises purchase insurance to protect themselves against catastrophic levels of hacker-inflicted damages, smaller businesses – whose cyber-risks are far greater than those of their larger counterparts – rarely have adequate (or even any) coverage.

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NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’

The Last Watchdog

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

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Top 6 Compliance Management Tools for Financial Services

Centraleyes

The financial services industry is arguably one of the most highly regulated sectors worldwide. This is due to the sensitivity of the data handled, the potential for widespread economic disruption, and the industrys central role in global financial stability. Top Compliance Management Solutions for the Financial Sector 1.