Financial Services

A lot of attention has been paid to the increased targeting of healthcare data by cybercriminals, but the healthcare industry is not the only industry experiencing higher levels of data breaches. According to past reports, the financial industry is also under strain to protect data, with larger data breaches happening more frequently. Between 2013 and 2014, the number of records exposed in the financial sector went from 112,000 to...

With the rapidly increasing interconnectivity of information, more endpoints than ever before are accessing the corporate network and the sensitive financial information therein. At the consumer perspective, the primary point of interaction has shifted from in-person to in-hand, as tablets and smartphones become the primary way financial services are conducted. While there have been incredible benefits from this technology transformation, sensitive data now resides beyond the bounds of traditional...

The upcoming EU General Data Protection Regulation, slated to come into force in 2017, proposes some drastic changes to data protection law. The changes will seek to increase penalties for a breach, including possible fines up to 2% of a corporation’s annual global turnover. In order to help you navigate the choppy regulatory landscape surrounding these new proposals and laws, we have worked with our compliance experts, Jonathan Armstrong and...

The Securities and Exchange Commission (SEC) has been making cybersecurity a priority in 2015. As part of its cybersecurity oversight, the SEC released observations from recent cybersecurity examinations of broker-dealers and advisors conducted in 2013 and 2014. Likewise, the Financial Industry Regulatory Authority (FINRA) released its own Report on Cybersecurity Practices outlining current risks and best practices to approach cybersecurity in the financial industry. In its Cybersecurity Roundtable held...

I recently wrote an article for InsuranceTech on the complexity of the regulator environment that affects insurance companies and how this impacts data security planning, particularly when it comes to data breach response and mitigation. In Underwriting Insurance Data Security, I talk about the pressure on CIOs to protect sensitive data from loss or theft, particularly given many of the high profile data breaches in healthcare insurance. An increase in...