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New York Enhances Cybersecurity Regulations of Financial Services

SecureWorld News

On November 1, 2023, the New York Department of Financial Services (NYDFS) took a significant step toward strengthening cybersecurity defenses across the financial sector by finalizing amendments to Part 500 of its cybersecurity regulations.

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Security Compliance & Data Privacy Regulations

eSecurity Planet

Regulatory compliance and data privacy issues have long been an IT security nightmare. And since the EU’s General Data Protection Regulation (GDPR) took effect May 25, 2018, IT compliance issues have been at the forefront of corporate concerns. GDPR-style data privacy laws came to the U.S. Location Matters.

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New York Financial Services Firms to Face More Cybersecurity Oversight

SecureWorld News

The New York State Department of Financial Services (NYDFS) is proposing an amendment to its regulations that will require financial services companies to up their cybersecurity game. Require the CISO to provide a written report at least annually to the board or equivalent governing body.

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CFPB’s Proposed Data Rules

Schneier on Security

The rules would ensure people can obtain their own financial data at no cost, control who it’s shared with and choose who they do business with in the financial industry. This would change the economics of consumer finance and the illicit data economy that exists today.

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How to Enrich Data for Fraud Reduction, Risk Management and Mitigation in BFSI

Security Boulevard

BFSI organizations are increasingly relying on data products to enrich data and enhance fraud reduction and risk management strategies. The post How to Enrich Data for Fraud Reduction, Risk Management and Mitigation in BFSI appeared first on Security Boulevard.

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News Alert: Vaultree partners with Tableau to uniquely blend encryption, data visualization

The Last Watchdog

This marks a monumental leap forward in secure financial and healthcare data analytics, enabling encrypted data to be safely analyzed and visualized for the first time, all while maintaining absolute data privacy and security. Today, we’re making that future a reality.”

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Navigating the EU-US Data Protection Framework

Thales Cloud Protection & Licensing

Navigating the EU-US Data Protection Framework sparsh Thu, 01/11/2024 - 05:26 On 10 July 2023, the European Commission adopted a new adequacy decision regarding the Data Privacy Framework (“DPF”). This follows the invalidation of the EU-US Privacy Shield, by the Court of Justice of the European Union on 16 July 2020.