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New York issues cyber insurance framework as ransomware, SolarWinds costs mount

CSO Magazine

On February 4, 2021, New York became the first state in the nation to issue a cybersecurity insurance risk framework to all authorized property and casualty insurers. Get the latest from CSO by signing up for our newsletters. ]. Get the latest from CSO by signing up for our newsletters. ]. To read this article in full, please click here

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The ‘Zelle Fraud’ Scam: How it Works, How to Fight Back

Krebs on Security

In reality, the fraudster initiates a transaction — such as the “forgot password” feature on the financial institution’s site — which is what generates the authentication passcode delivered to the member.

Scams 361
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AI Regulation in Finance: Steering the Future with Consumer Protection at the Helm

Centraleyes

The financial industry is experiencing a gold rush of sorts with the integration of Artificial Intelligence (AI) technologies. With huge data volumes processed by the financial services sector, AI holds much promise for the industry. This can put consumer financial information at risk.

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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.

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Turning Aspiration into Action to Protect Financial Institutions

Thales Cloud Protection & Licensing

Data security professionals also make ambitious plans, but implementation rates are too low – a key finding in the 2019 Thales Data Threat Report-Financial Services Edition. Here’s a look at four common issues highlighted in the 2019 Thales Data Threat Report-Financial Services Edition and tips for overcoming them.

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2024 Cybersecurity Laws & Regulations

eSecurity Planet

Let’s explore what to expect from the upcoming regulations, provide insights into critical federal and state laws, and offer practical compliance and risk management strategies. Cybersecurity laws and regulations encompass a range of legal requirements designed to protect information systems and data from cyber threats.

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Security Compliance & Data Privacy Regulations

eSecurity Planet

See the Top Governance, Risk and Compliance (GRC) Tools. Financial Data Protection Laws. financial data must comply with consumer-protection laws such as the Electronics Fund Transfer Act (EFTA) and a litany of regulations enforced by the SEC (such as Sarbanes-Oxley), CFTC, FISMA, and other financial regulatory bodies.