Leveraging Knowledge to Manage Your Data Risks
In view of Iran’s vows to retaliate against the United States for the death of Quassem Soleimani, the NYDFS has issued an industry letter to all regulated entities regarding the need for heightened cybersecurity precautions.
The letter notes that it “is particularly concerning that Iran has a history of launching cyber-attacks against the U.S. and…
Three million fraud cases were reported to the FTC in 2018, and 444,602 of them involved identity theft. These reported cases (just think of how high the statistic would be if all cases were reported) amounts to the third most common type of fraud reported to the FTC.
According to The Motley Fool, of…
Last week, the Tex-Mex restaurant chain On the Border suffered a data breach that impacted its payment acceptance systems in 27 states. The restaurant says that some credit card information of customers who visited the chain between April and August 2019 may have been compromised. In a press release, On the Border representatives said, “Our…
The New York “Stop Hacks and Improve Electronic Data Security Act” (SHIELD Act), N.Y. Gen Bus. Law§ 899-bb, requires businesses that collect private information on New York residents to implement reasonable cybersecurity safeguards to protect that information. While this is a new law in the State of New York, it is simply joining other states,…
New Hampshire Governor Chris Sununu recently signed the New Hampshire Insurance Data Security Law, which “establishes the exclusive state standards applicable to licensees for data security, the investigation of a cybersecurity event…, and notification to the commissioner.” The law is applicable to all persons or entities licensed, authorized to operate, registered or required to be…
Two New York drone companies, AX Enterprize and Thales USA, were awarded a $7.75 million grant from the U.S. Air Force Research Lab to develop state-of-the-art air traffic management (ATM) systems to would allow civilian and military drones to safely coexist alongside manned aircraft in the national airspace. The project and research will be conducted…
New York Governor Andrew M. Cuomo signed a bill into law last week that expands New York’s data breach notification law. The Stop Hacks and Improve Electronic Data Security (SHIELD) Act brings the New York data breach notification law on par with other state data breach notification laws that have been amended in the last…
The North American Securities Administrators Association (NASAA) this week approved an information security model rule package aimed at improving the cybersecurity posture of the 17,543 state-registered advisers.
The proposed model would require state-registered investment advisers to establish written cybersecurity policies and procedures designed to safeguard clients’ records and information, and to deliver its privacy policy…
Last week, a drone pilot was arrested for flying his drone into Barclays bank building during violent winds. Steve Funes operated his drone from the balcony of his 21st floor room at The Executive Plaza Hotel on West 51st Street. The crash occurred on nearby 7th Avenue. While the Barclays bank building…
As part of its Virtual Markets Integrity Initiative, on September 18, 2018, the New York Attorney General’s Office issued a report reviewing the platforms of various cryptocurrency exchanges. The initiative arose from the recognition that online virtual currency exchanges perform functions markedly similar to traditional stock exchanges and broker-dealers, but are generally not registered under state or federal securities or commodities laws and often have not implemented standards designed to protect investors.
Continue Reading New York AG Warns Investors of Risks of Trading on Cryptocurrency Exchanges
