Recent large fines indicate that enforcement of consumer data privacy, under the General Data Protection Regulation (GDPR), is a priority for regulators. The GDPR creates mandatory rules for how companies must use and protect personal data, including any information that could identify a living person directly or indirectly, such as name, phone number, or address.Read More
New York's Department of Financial Services (NYDFS) recently announced that it has launched a dedicated "Cybersecurity Division." According to the press release, the new unit is the "first of its kind to be established at a banking or insurance regulator" and will “protect New York’s financial services industry and consumers from the ever-growing threat of cyberattacks.”Read More
The Federal Trade Commission (FTC) and Department of Justice (DOJ) earlier this year announced a settlement order that requires Facebook to pay an unprecedented $5 billion civil penalty—the most ever imposed in an FTC case and among the largest civil penalties ever obtained by the federal government.Read More
Computers and the internet revolutionized how companies do business. Organizations of all sizes and from any location are able to extend their reach to new and larger markets and to work more efficiently by using computer-based tools. But as with every valuable tool, not using it properly and securely can lead to disaster.Read More
Years, even decades into the digital age, cybersecurity has evolved—and the pressing need for it has grown, too.
The latest Hiscox Cyber Readiness Report found that 61 percent of worldwide respondents reported a cyber incident last year, up from 45 percent in the previous report. Yet the same research found that 74 percent of respondents were novices when it came to cybersecurity readiness. In other words, there are more threats yet fewer organizations adequately prepared to handle the evolving dangers.Read More