If you reside in, or run a business covered by banking Law, Insurance Law or the Financial Services Law in New York state. Then 2020 could be an interesting year from a cyber security and data protection perspective. NYDFS, the…
For those not familiar. The New York State Department of Financial Service (NYDFS) put into place a regulation known as 23 NYCRR 500. I believe it’s one of the first regulations to sit on a statute to prescriptively address cyber…
We hear alot about the big corporate hacks, the large financial lossess and fines. But more often than not these are addressed at a massive cost to the companies. Who are more likely, but not always, to survive. The impact…
The Australian Prudential Regulatory Authority has warned that it is increasing its oversight of the banking system and financial institutions can expect tougher action for regulatory breaches. Following the implementation of CPS 234 () earlier this year the regulator has…
The Terrorism Risk Insurance Act (TRIA – ) is coming up for renewal at the House Committee on Financial Services. Recent amendments have asked for a report to analyse the overall vulnerabilities and the potential costs of cyber-attacks to U.S.…
What I find interesting is that those in cyber security have said for many years it’s one of the biggest non-financial risks a company has to manage. The cost of managing the risk is much less than the costs of…
