Understanding where data is stored so it can be protected, overcoming security misconfiguration and improving vendor management diligence are three top challenges for healthcare organizations, says Chris Bowen of ClearDATA.
What are three burning questions regarding legal and compliance issues that enterprise security leaders should ponder as they head into 2019? Ed Amoroso, former CISO of AT&T and current CEO of TAG Cyber, outlines the questions and possible answers.
As of March 1, 2019, covered entities will be required to be in compliance with the New York Department of Financial Services Cybersecurity Regulation Section 500.11, the Third Party Service Provider Security Policy. What are the key requirements? Attorney Ted Augustinos, a partner at Locke Lord LLP, outlines the new...
Financial institutions of all sizes can use a new Cybersecurity Profile tool to help them comply with a variety of regulations and implement the NIST Cybersecurity Framework, says Denyette DePierro of the American Bankers Association.
The latest version of the NIST Cybersecurity Framework - Version 1.1 - includes more information on supply chain risk management, authentication, authorization, identity proofing and self-assessing cybersecurity risk management, says Matthew Barrett of the National Institute of Standards and Technology.
Identity theft is the fastest growing
crime in the US. Globally, 1 in 60
online transactions are fraudulent.
That presents a huge financial
and reputational risk for regulated
businesses if they get their KYC
wrong. As more services move
online and fraud techniques mature,
document and biometric...
As of March 1, 2019, the two-year transition comes to an end, and covered entities are required to be in compliance with the New York Department of Financial Services Cybersecurity Regulation Section 500.11, the Third Party Service Provider Security Policy. What are the key requirements of this section, and how might...
The financial services industry has unique challenges that often prevent it from achieving its strategic goals. The keys to solving these issues are hidden in machine data - the largest category of big data - which is both untapped and full of potential.
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Organizations that don't properly guard their employees' healthcare data and violate HIPAA privacy standards are liable for large fines and often suffer significant brand damage and other negative consequences.
If hackers break into a healthcare company's systems, or an employee leaves a laptop in a coffee shop or...
Banks have a new tool available for developing cyber risk management programs. In an interview, architects of the Financial Services Sector Cybersecurity Profile, Denyette DePierro and Josh Magri, describe how to use it. They'll offer more details at ISMG's Legal & Compliance Summit in New York on Nov. 15.
New account fraud is rising and within that, Identity Fraud is clearly the winner. The vast majority of such cases involved the abuse of an innocent victim's identity, rather than a fictitious identity. The availability of large amounts of personal information obtained from hacking, phishing or data breaches continues...
New research has found that 74% of business customers think banks use machine learning and artificial intelligence to spot money laundering. In reality banks rely on human investigators to manually sift through alerts - a hard-to-believe fact selected only by 31% of respondents. This lack of automation and modern...
A key amendment to Canada's Personal Information Protection and Electronic Documents Act goes into effect on Nov. 1. What are the baseline standards for compliance, and how does this change impact risk transfer and mitigation?
While PIPEDA is not a new law and been on the books for a long time, what is coming is...
Breached businesses in Europe: Brace for more class action lawsuits seeking material and non-material damages filed by victims following mandatory data breach notifications under GDPR, says attorney Jonathan Armstrong. He predicts more breach-related suits will succeed in Europe than in the United States.