In the beginning of the year, we came out with an article discussing GDPR- one year since passing. It was clear that GDPR wasn't something to be taken lightly as the fines stacked up for many companies. Now we have the visual proof.
A big misunderstanding we see every day when working with clients is that security can be ensured by buying a device, or implementing a software, or changing one small thing. However, security is an ongoing process- it's an attitude. With constant threats emerging, IT security governance is imperative. Our VP of Compliance dedicates this edition to fully understanding IT Security Governance!
A common question topic posed to me, the VP of Compliance, from both non-IT and IT professionals alike revolve around the concept of RPO and RTO with regards to Business Continuity Management. Recovery Point Objective (RPO) and Recovery Time Objective (RTO) are two of the most important parameters of a sound disaster recovery plan.
This month, I explain everything you need to know about RPO and RTO!
Happy Birthday GDPR! On May 25th, internationally we will be “celebrating” the first anniversary of the EU’s General Data Protection Regulation (GDPR). Nearly one year later, have the stricter rules really made a difference? Consumers are definitely seeing more pop-up privacy notices online, thanks to GDPR, but for now the astronomical fines the new regulations threatened have not yet surfaced.
Vendor Management Requirements in CyberSecurity Standards
Are you in control of third-party risk? Do you have a sound vendor management department? Do you audit your suppliers?
In a short nine months, there has been hundreds of thousands of cases and millions in fines.
And this is just the start.
What Cyber Laws Apply to Me?
It is becoming ever so clear that compliance isn't an easy task handled by the IT department, but that it's a team effort from all the departments. This makes it more difficult in regards to what's applicable so our VP of Compliance has broken down all the laws into simpler terms to be able to distinguish which law you must abide!
One method of ensuring greater cybersecurity protection in a world of hacks and breaches: to undertake regular and programed cybersecurity audits and assessments.
The thought of an audit may strike fear in many individuals at all levels in an organization. Mostly, audits are routine and serve to ensure there is at the minimum a check-and-balance to satisfy whichever regulatory body requires it. When there are non-conformities found, it shouldn't be looked upon as a negative thing.
This month, our VP of Compliance speaks to the benefits of non-conformities.
2019: The Year of the Data Breach, Again…
“Magic 8 ball, will 2019 be the Year of the Data Breach…again?”
Our VP of Compliance says: All signs point to YES.
With the passing of laws like GDPR and PIPEDA, the Marriott Breach, New York Department of Financial Service’s cybersecurity rule deadlines, increased SEC enforcement, and increase in data breach lawsuits, by the time last December ended, there is no doubt that all industry specialists could not wait to label 2018 as the Year of the Data Breach. However, as we sit in the dawn of 2019, it is becoming ever increasingly clear, that 2019 will in fact be, the Year of the Data Breach, Again.
The New York State Department of Financial Services’ (DFS) mandatory cybersecurity requirements for financial services entities became effective on March 1st, 2017, with a two-year implementation period. The regulation requires all DFS regulated entities, subject to certain exemptions, to adopt the core requirements of a cybersecurity program. The final effective date for the regulation will be March 1, 2019, by which time, under section 500.11, DFS regulated entities are required to have written policies and procedures that are based on a risk assessment to ensure the security of nonpublic information and information systems that are accessed or held by third party service providers.
DFS has come out with the dates all regulated entities and licensed persons must files various notices to the Superintendent. The final one being next month, February 15th 2019.