Header graphic for print
Password Protected Data Privacy & Security News and Trends

Category Archives: Financial Services Information Management

Subscribe to Financial Services Information Management RSS Feed

NY Cybersecurity Regulations for Financial Services Companies: Enforcement Begins Aug. 28

Posted in Cybersecurity, Financial Services Information Management, Regulation

The 180-day transitional period under the New York Department of Financial Services (NYDFS) Cybersecurity Requirements for Financial Services Companies is set to expire Aug. 28, 2017. Financial services companies must achieve compliance with the cybersecurity regulations prior to this deadline … Continue Reading

CFPB Director Cordray’s Remarks at FinTech Conference Highlight Focus on Increasing Access to Financial Data

Posted in Financial Services Information Management

Last Monday, October 24, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray spoke on the Bureau’s approach to FinTech at Money 20/20, a conference focused on payments and financial service innovation.  In his remarks, Cordray focused on responding to … Continue Reading

FFIEC to Host Webinars on Mobile Financial Services and the FS-ISAC to Promote Bank Cybersecurity Preparedness

Posted in Cybersecurity, Financial Services Information Management

On October 6, 2013, the Federal Financial Institutions Examination Council (FFIEC) announced that it will host two webinars with the goal of increasing cybersecurity preparedness by its member financial institutions.  FFIEC’s webinars are in recognition and observance of National Cybersecurity Continue Reading

New York Raises the Bar – Will Other States Follow?

Posted in Cybersecurity, Financial Services Information Management

On September 13, 2016, the New York Department of Financial Services (DFS) proposed new first-in-the-nation cybersecurity regulations (Regulations) that would require banks and other financial institutions to adopt minimum cybersecurity standards. In some ways the regulations are consistent with existing … Continue Reading

A Storm Brews: Retailers Push Back Against Payment Card Industry Data Security Standards

Posted in Data breach, Financial Services Information Management, FTC enforcement, Retail

As businesses and financial institutions grapple with data security in the wake of high profile breaches, tensions between retailers and the credit card industry over the creation and implementation of security standards appear to be growing. The disagreements between these … Continue Reading

Home Depot Alleges Visa, MasterCard Colluded To Delay Chip-and-PIN Implementation; Exposed Retailers, Consumers to Data Breach Risks

Posted in Data Protection and Competition, Financial Services Information Management

A recent bombshell lawsuit by The Home Depot alleges patterns of antitrust violations, illegal collusion, and anti-competitive conduct by the Visa and MasterCard credit card networks. The suit arises in a climate in which the networks are increasingly under attack … Continue Reading

Financial Industry Associations Agree on Common Cybersecurity Principles

Posted in Cybersecurity, Financial Services Information Management, Legislation, Privacy

On May 9, 2016, the International Swaps and Derivatives Association, the European Banking Federation, and the Global Financial Markets Association (comprised of three other industry associations, including the Securities Industry and Financial Markets Association) published a set of common principlesContinue Reading

Revenge of the Dorks: Their Time Has Come and They Might be Malicious

Posted in Cybersecurity, Data breach, Financial Services Information Management, Privacy

*******************************************************

Oxford English Dictionary:  ‘dork,’ informal, A dull, slow-witted or socially inept person.

Wikipedia: ‘Google Dorking,’ a computer hacking technique that uses Google Search and other Google applications to find security holes in the configuration and computer … Continue Reading

Know Your Vendors: The Importance of Comprehensive Risk Assessment Programs

Posted in Financial Services Information Management, Information Management, Privacy

As companies continue to explore new outsourcing and cloud services models in search of improved cost and productivity efficiencies, service providers are being asked to handle increasingly sensitive types of data. However, some customers are not seeking heightened security measures … Continue Reading