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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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First American Financial Pays Farcical $500K Fine

Krebs on Security

Under First American’s documented vulnerability remediation policies, the data leak was classified as a security weakness with a “level 3” severity, which placed it in the “medium risk” category and required remediation within 45 days. “The [employee] did not request a waiver or risk acceptance from the CISO.”

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State of API Security: Financial Services and Insurance

Security Boulevard

API security is a pressing concern for industries undergoing digital transformation, and none more so than financial services and insurance. API attackers are on the move in financial services and insurance We discovered that API attackers have become increasingly active in financial services and insurance.

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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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New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024

Thales Cloud Protection & Licensing

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.

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Nine Top of Mind Issues for CISOs Going Into 2023

Cisco Security

As the majority of the global Covid fog finally started lifting in 2022, other events – and their associated risks – started to fill the headspace of C-level execs the world over. In my role, I regularly engage with CISOs in all kinds of sectors, representatives at industry bodies, and experts at analyst houses.

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Mitigating Insider Threat Risk in Financial Services

SecureWorld News

John Checco, Resident CISO at Proofpoint, says it is usually the amount of drama involved. Director, Infrastructure Security at FINRA on the SecureWorld broadcast Mitigate Insider Risk in Financial Firms. 4 key findings of insider threats in the financial services sector. You can now watch the broadcast on demand.