Like the GDPR before it, the CCPA is getting a lot of attention because of the rights California residents will have to access data held by companies, to have that data removed, and to prohibit the sale of personal data. The new law, which does not go into effect until 2020, also creates the potential for some eye-popping payments directly to consumers impacted by a breach.
The current approach to cybersecurity within the financial services industry is flawed. With regulations such as the new General Data Protection Regulation (GDPR) and New York State’s DFS Cybersecurity Regulation being enforced, putting ever greater pressure on data protection, combined with the fact that the financial services industry is one of the most targeted, regulatory and consumer eyes alike are firmly on financial institutions to improve their cybersecurity processes and models.
An IP camera is simply a computer with a lens on it. In the IoT age, cybersecurity is only as strong as the weakest link in the overall network ecosystem. As a result, cyber hardening is essential for anything connected to the network.
When NIST recently updated its Cybersecurity Framework, it added only one new core category: Supply Chain Risk Management (SCRM). Placed within the Framework’s “Identify” function, SCRM encompasses, but typically extends beyond, traditional vendor management approaches. That’s because the supply chain typically extends beyond suppliers to include other external parties, such as integrators and even third-party communications providers.
As OT and IT converge, organizations can use IoT devices to boost the efficiency of industrial processes, but these devices and processes also present new risks and points of vulnerabilities.
With one-third of working adults in the U.S. admitting to potentially risky behavior at work, employee negligence poses major security concerns for U.S. businesses.
Cybercriminals are leveraging ransomware threats to extort big money from organizations of all sizes in every industry, but financial services organizations are one of today’s primary targets. It is non-negotiable for financial services companies to maintain the privacy of theirs customers and the security of their confidential data. If a bank or credit union is hit with a ransomware attack, significant backlash is undoubtedly going to ensue – especially if customer data is held ransom for a significant amount of time.
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