It’s a clean sweep: All five CCOs we spoke with are in favor of U.S. federal data privacy legislation. Read on for the reasoning behind their answers.
Cybersecurity
Posted inRegulatory Enforcement
NYDFS fines mortgage banker $1.5M for cyber-security violations
The New York State Department of Financial Services fined Residential Mortgage Services $1.5 million for violating New York’s cyber-security regulation.
Posted inInternal Controls
Ask a CCO: What’s your strategy for preventing and detecting data breaches?
Five senior compliance practitioners outline their strategies for protecting their firms from data breaches.
Posted inInternal Controls
Ask a CCO: How is your company reacting to cyber-risks introduced by COVID-19?
Five senior compliance practitioners tell Compliance Week how their organizations are reacting to new cyber-threats introduced by the pandemic.
Posted inInternal Controls
Ask a CCO: What’s your role in creating/implementing cyber-security policies?
Five senior compliance practitioners share insights on their roles in implementing and overseeing cyber-security policies and procedures.
Posted inInternal Controls
Q&A: Battling cyber threats takes collaboration between compliance, information security
LifePoint Health’s VP for Compliance Program Operations/Chief Privacy Officer Ellen Hunt and VP/CISO Andy Heins share how they work ”hand in glove” to protect their company’s data from bad actors.
Posted inRisk Management
Cyber-insurance: Why you need it and how to choose the right plan
As cyber-attacks surge, the need for cyber-insurance is growing more urgent. But it’s critical for companies to first familiarize themselves with how to navigate the labyrinth of cyber-insurance products on the market so that they are properly covered.
Posted inRisk Management
Kroger joins victims of Accellion data breach
Two months after cloud service vendor Accellion first identified one of its legacy products was targeted by a sophisticated cyber-attack, users of the product continue to feel the impact, with grocery chain Kroger the latest to reveal its exposure.
Posted inData Privacy
Firms enhanced cybersecurity in 2020 … but not enough
Companies forced to pivot to remote work in a global health crisis spent the bulk of 2020 grappling with heightened cyber-security risks. A year later, compliance practitioners say their companies’ cyber-security postures are better for it—even in the wake of the stunning SolarWinds hack.
Posted inRisk Management
FINRA report: Top risk areas for AML, cyber-security
The Financial Industry Regulatory Authority has published a new report designed to help inform member firms’ compliance programs by providing annual insights from its examinations and risk monitoring programs.
