Sarbanes-Oxley (SOX) Blog
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The governor of New York State, Andrew Cuomo, announced Thursday comprehensive new cyber security regulations for the financial service industry, in an effort to improve cyber resilience within the financial sector and keep customer data safe.
Lloyds Bank was forced to go offline after a 48-hour Denial of Service (DDOS) attack crippled their systems and blocked access to 20 million UK accounts.
It’s no secret that the financial industry is the ideal target for lawless cyber criminals, holding a treasure trove of sensitive information and financial credentials of innocent victims.
A recent study conducted by the Ponemon Institute for IBM found that human error is a leading cause of data breaches within the financial sector.
On Tuesday, the New York State Financial Services regulator announced details about new cybersecurity guidelines for banks & insurance companies under its jurisdiction.
The White House Council of Economic Advisers released a report last Friday that sought to quantify “malicious cyber activity directed at private and public entities”, including denial of service attacks, data breaches, theft of intellectual property, and sensitive financial and strategic information.Read more ...