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Proposed new cyber security regulations will be a huge undertaking for financial institutions

Celent Banking

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. The timing will undoubtedly put pressure on regulators to push through strong regulation.

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Regulators Want Answers From Uber Over Hidden Hack

PYMNTS

Ride-hailing app company Uber, which made news when it covered up a huge data breach that exposed roughly 600,000 driver’s license numbers, could face investigations by regulators around the globe. 22), regulators in the U.K., s National Cyber Security Centre to determine how large the breach was and how many people in the U.K.

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Experts: US House Examines Legislative Actions To Combat Cybercriminals

PYMNTS

But Kellerman and other security experts advocated at the hearing for legislative measures, such as modernizing anti-money laundering (AML) and forfeiture rules and moving the Secret Service to the Treasury Department, to help combat the threat.

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4 considerations for banking leaders concerned about cyber security

NCR

Evaluation of risk also includes understanding potential exposure around the cybersecurity policies and systems of all vendors and third-party partners. An Information Security Officer (ISO) is mandated by federal regulations and plays a critical role in today’s digitally interconnected world. The Role of the ISO.

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Inside China’s Cyber, Financial Regulatory Changes And Challenges

PYMNTS

The country’s government and regulators are keeping pace with those in the European Union and the U.S. Its policies mandate that corporations share private data with it, for example, meaning Chinese regulatory innovation requires serious consideration from any entities that wish to work there.

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Corporates Unprepared For GDPR, UK Government Warns

PYMNTS

finds companies are unprepared for the upcoming General Data Protection Regulation (GDPR). For the businesses that are aware, a bit more than a quarter said they’ve made changes to their operations in order to comply with the new rules aimed at data privacy and security. A new report released in the U.K.

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Biden orders spy agencies to share more cyber-threat intel with banks

American Banker

A new policy directive aims to fortify critical infrastructure by enhancing collaboration between U.S. intelligence agencies and systemically important financial entities.