Department of Homeland Security Warns of Cyber-Attacks by Iran -
The Department of Homeland Security (DHS) issued a grave warning to U.S. businesses and critical infrastructure operators on January 6, 2020, alerting the...more
1/10/2020
/ Assassinations ,
Critical Infrastructure Sectors ,
Cyber Attacks ,
Cyber Crimes ,
Cyber Threats ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Data Protection ,
Data Security ,
Department of Homeland Security (DHS) ,
Drones ,
Federal Aviation Administration (FAA) ,
Financial Services Industry ,
Foreign Relations ,
Hackers ,
Information Sharing ,
Iran ,
Microsoft ,
NYDFS ,
Operating System Developers ,
Personally Identifiable Information ,
Risk Management ,
Risk Mitigation ,
Unmanned Aircraft Systems ,
Vulnerability Assessments
In view of Iran’s vows to retaliate against the United States for the death of Quassem Soleimani, the NYDFS has issued an industry letter to all regulated entities regarding the need for heightened cybersecurity precautions....more
1/8/2020
/ Assassinations ,
Cyber Attacks ,
Cyber Crimes ,
Cyber Threats ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Data Security ,
Financial Institutions ,
Financial Services Industry ,
Foreign Relations ,
Hackers ,
Iran ,
NYDFS ,
Personally Identifiable Information ,
Retaliation ,
Risk Alert ,
Risk Management ,
Risk Mitigation
The Commodity Futures Trading Commission’s LabCFTC recently released “A CFTC Primer on Smart Contracts” as part of LabCFTC’s effort to engage with innovators and market participants on a range of financial technology...more
The Federal Energy Regulatory Commission (FERC) announced on July 19, 2018, that it is directing the North American Electric Reliability Corporation (NERC) “to develop and submit modifications to the NERC Reliability...more
7/30/2018
/ Banking Sector ,
Bitcoin ,
Blockchain ,
Bulk Electric System ,
Cyber Attacks ,
Cyber Incident Reporting ,
Cybersecurity ,
Dark Web ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Drones ,
Electricity ,
Energy Sector ,
FERC ,
Final Rules ,
Financial Fraud ,
Financial Institutions ,
Financial Services Industry ,
Hackers ,
LifeLock ,
Malware ,
National Security ,
NERC ,
Phishing Scams ,
Popular ,
Reliability Standards ,
Reporting Requirements ,
Sensitive Business Information ,
US Air Force ,
Utilities Sector ,
Virtual Currency
In an effort to promote the development of new financial technology (fintech) products, Mick Mulvaney, acting director of the Consumer Financial Protection Bureau (CFPB), announced last week the creation of the Office of...more
7/30/2018
/ Blockchain ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Financial Services Committee ,
Financial Services Industry ,
FinTech ,
Innovation ,
Innovative Technology ,
Regulatory Agenda ,
Regulatory Oversight ,
Sandbox ,
Virtual Currency
President Trump recently signed into law the Economic Growth, Regulatory Relief and Consumer Protection Act, which is already making waves in the financial sector for its repeal of certain Dodd-Frank provisions that were...more
6/5/2018
/ Bank Accounts ,
Banking Sector ,
Consumer Financial Products ,
Cybersecurity ,
Deregulation ,
Dodd-Frank ,
Economic Growth Regulatory Relief and Consumer Protection Act ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
New Legislation ,
Online Banking ,
Popular ,
Risk Assessment ,
Risk Management ,
Vulnerability Assessments
Cybersecurity Task Force Launched in Arizona -
Arizona Governor Doug Ducey launched the Arizona Cybersecurity Team (ACT) by Executive Order on March 1, 2018. The ACT is comprised of 22 members representing officials from...more
3/9/2018
/ Banking Sector ,
Cyber Attacks ,
Cyber Crimes ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Drones ,
Federal Agency Taskforce ,
Financial Services Industry ,
Hackers ,
Healthcare ,
Information Technology ,
Insurance Industry ,
Medicare ,
NYDFS ,
Personally Identifiable Information ,
Phishing Scams ,
Popular ,
Risk Management ,
State and Local Government ,
Unmanned Aircraft Systems
On March 1, 2018, the New York Department of Financial Services (NYDFS) “cybersecurity regulations” (23 NYCRR Part 500) took effect, placing a number of cybersecurity requirements on banks, insurance companies, and other...more
3/6/2018
/ Banking Sector ,
Chief Information Security Officer (CISO) ,
Covered Entities ,
Cybersecurity ,
Cybersecurity Framework ,
Data Protection ,
Financial Institutions ,
Financial Services Industry ,
Information Technology ,
Insurance Industry ,
NYDFS ,
Risk Management
On March 1, 2018, the one year transition period within which banks, insurance companies, and other financial services institutions and licensees regulated by the New York Department of Financial Services (“Covered Entities”)...more
2/27/2018
/ Banking Sector ,
Chief Information Security Officer (CISO) ,
Corporate Counsel ,
Cybersecurity ,
Cybersecurity Framework ,
Data Protection ,
Financial Institutions ,
Financial Services Industry ,
Information Technology ,
Insurance Industry ,
NYDFS ,
Personally Identifiable Information ,
Risk Management
As of February 15, 2018, banks, insurance companies, and other financial services institutions and licensees regulated by the New York Department of Financial Services (DFS) are required to file their first certification of...more
2/16/2018
/ Banking Sector ,
Bitcoin ,
Blockchain ,
Chief Information Security Officer (CISO) ,
Cybersecurity ,
Cybersecurity Framework ,
Data Privacy ,
Data Protection ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Drones ,
Extortion ,
Financial Institutions ,
Financial Services Industry ,
Health Insurance Portability and Accountability Act (HIPAA) ,
HITECH Act ,
Information Technology ,
Insurance Industry ,
Medical Records ,
No-Fly Zones ,
NYDFS ,
Olympics ,
Popular ,
Risk Management ,
Virtual Currency
On February 15, 2018, banks, insurance companies, and other financial services institutions and licensees regulated by the New York Department of Financial Services (DFS) will be required to file their first certification of...more
2/15/2018
/ Banking Sector ,
Chief Information Security Officer (CISO) ,
Cybersecurity ,
Cybersecurity Framework ,
Data Protection ,
Financial Institutions ,
Financial Services Industry ,
Information Technology ,
Insurance Industry ,
NYDFS ,
Popular ,
Risk Management
Top mutual fund firm The Vanguard Group, Inc. unveiled a plan last week to incorporate blockchain smart contract technology into some of its indexing operations beginning early next year. Vanguard’s initiative will be carried...more
The New York Department of Financial Services announced last week that it will revise and delay the effective date of its proposed cybersecurity regulation. The announcement came two days after New York bankers brought up a...more