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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. Mandated training of security will be required. Information security. Systems and network security.

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Global Security Officials Meet To Discuss 5G Security

PYMNTS

Representatives from a number of countries around the world – excluding Russia, China and representatives from technology giant Huawei – met to discuss the security of 5G networks as many countries prepare for deployment of the technology, according to a report by Reuters.

Meeting 171
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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. Cyber Incident Response Plan.

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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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Four Steps for Managing Third-Party Cyber Security Risk

FICO

Firms may require that they be named as additional insureds in supplier policies for those coverage areas. Cyber insurance is a rapidly growing area of specialty coverage for carriers. To learn more about your organization’s specific security performance, register for a free subscription at [link]. by Doug Clare.

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Cyberattack Closes Web Access To Canadian Government Agencies 

PYMNTS

It collects taxes, administers tax law and policy and oversees charities. The credentials used in the attack came from previous, non-government of Canada data breaches,” said Scott Jones, head of Canada’s Centre for Cyber Security, the agency that leads the government’s response to cybersecurity attacks.

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New Survey By Kaspersky Lab Shows Cyber Attacks Are Alive And Kicking

PYMNTS

What’s more, half of the companies surveyed experienced between one and five IT security incidents in the past 12 months. “As Preparedness among all departments in the organization — such as executive leaders, engineers, IT security teams and more — is key to protecting against cyberattacks.

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