CFPB Monitor

AUGUST 12, 2022

On July 29, 2022, the New York Department of Financial Services (“NYDFS”) released Draft Amendments to its Cyber Security Regulations. The Amendments, if adopted, would further regulatory trends and impose important new requirements on covered entities. The Amendments contain three significant changes relating to ransomware.

Regulation 147

Regulation Cyber Security New York Trends 147

FICO

JULY 31, 2019

The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management. Would there be compliance exposure in the event of a breach at the supplier? Obtain evidence of ongoing compliance with standards (e.g.,

Cyber Security 70

Cyber Security Management Security Risk Management 70

Insights on Business

MARCH 5, 2019

Cyber security is no longer just a problem for the IT department, it is a business risk that affects your entire organization. . This event is no charge to attend, but registration in advance is required. Event specifics are below: GRC: Best Practices in a World Under Constant Cyber Threat. IBM Client Center.

New York City 70

New York City Cyber Security New York Risk Management 70

FICO

APRIL 17, 2020

The FICO® Cyber Risk Score gives cyber insurance underwriters the ability to measure cyber security breach risk for individual insureds, as well as aggregated risk across portfolios or business segments.

Cyber Security 52

Cyber Security Industry Management Security 52

FICO

AUGUST 4, 2020

One of these sources, that has now been added to the Whistic platform, is FICO’s market-leading Cyber Risk Score. The FICO Cyber Risk Score is an empirical score that relies on a comprehensive and diverse set of cyber security data signals, collected in real-time, to determine the risk profile of any organization.

Security 52

Security Risk Management Cyber Security System 52

Jack Henry

SEPTEMBER 11, 2014

How well would they perform in the event that a fraudster had researched their social media profiles in order to construct a convincing email to ask for non-public information? Information Security awareness is the “diet” for an FI and commonly FIs approach information security awareness and education strictly as an annual event.

Security 76

Security Exercises Cyber Security social media 76

FICO

APRIL 12, 2017

IDC predicts that in 2017, behavioral analytics across compliance, fraud, and cyber detection and prevention will be in place at 15% of banks, helping them to avoid losses, regulatory fines and sanctions. Power at scale: Enhancing fraud, compliance and cyber security defenses . Benefits beyond cost savings.

Analytics 49

Analytics Fraud Compliance Comparison 49