New Cybersecurity Exam Process For New York Banks

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cybersecurity examsSuperintendent of the Department of Financial Services (NYDFS) Benjamin M. Lawsky announced in a memorandum, adding to the banks’ compliance obligations, effective immediately, banks chartered or licensed in New York will now face an updated cybersecurity examination process.   “The Department encourages all institutions to view cybersecurity as an integral aspect of their overall risk management strategy, rather than solely as a subset of information technology,” Lawsky wrote. Additions to ...

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Compliance, cyber-security, Data Breach, Information Security

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SEC Could Pressure Companies To Tighten CyberSecurity

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SEC data breach reportingThe Securities and Exchange Commission is advancing measures that would require publicly owned companies to disclose more information about their cybersecurity vulnerabilities, including data breaches.

The requirements could put pressure on companies to tighten their own security, because the SEC rules would let the public know how well firms are securing their private information.

On Tuesday, the White House launched a new ...

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Compliance, Cyber Criminals, cyber-security, SEC

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SEC Exam Chief Plans Cybersecurity Guidance For Advisors

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SEC Cybersecurity exams

Securities and Exchange Commission Office of Compliance Inspections and Examinations Director Drew Bowden said Wednesday he hopes to publish cybersecurity guidance for financial advisors this year.Rather than provide a list of best practices or rules, the guidance will offer a report on how prepared the financial services industry is on cybersecurity so advisors can compare it to what they are doing, the OCIE chief said.

He noted OCIE has ...

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cyber-security, IT Security

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The Top Healthcare Breaches of 2014 – Infographic

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Learning From Healthcare Beaches 2014

Sure there was the recent Sony breach, & Chick-Fil-A breach, before that Home Depot and countless other breaches of personal information and credit card info.   But the largest health data breaches in the US listed on the federal tally so far demonstrate that security incidents are stemming from a variety of causes, from hacker attacks to missteps by business associates.

The top health care breaches offer important lessons that go beyond the usual message about the importance of encrypting ...

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Compliance, cyber-security, Data Breach, HIPAA

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SEC Cybersecurity Exams