- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Aaron Nicodemus2024-02-06T15:24:00
If your firm hasn’t already suffered a data breach, it almost certainly will. Best be prepared.
While certain aspects of data breaches are out of your control, your firm’s response is not. Experts say the best way to address a breach is to map out your firm’s strategy in advance, memorialize it in documents, and follow your plan.
During a panel at Compliance Week’s virtual Cyber Risk & Data Privacy Summit on Thursday, two chief compliance officers and an attorney discussed preparation for the “when, not if” threat of a data breach.
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Financial businesses and other critical infrastructure entities would have to report significant cybersecurity and ransomware incidents to the federal government under a new rule that will be proposed by the Cybersecurity and Infrastructure Security Agency.
The Reserve Bank of New Zealand added new reporting requirements for its member banks to follow if they suffer a material cyber incident and for all types of cyberattacks.
Apparel company VF Corp., the owner of brands including The North Face, Vans, and Timberland, disclosed its estimation approximately 35.5 million customers had their personal data stolen as part of a cybersecurity incident it uncovered in December.
The massive cyberattack on Change Healthcare has potentially compromised the personal and protected health information of an untold number of Americans, according to parent company UnitedHealth Group.
AT&T said personal account data on approximately 73 million current and former customers was released on the dark web two weeks ago but has not yet identified when and where the breach occurred.
When organizations move their data or operations to the cloud, the compliance team has their work cut out and then some, experts discussed at CW’s Cyber Risk & Data Privacy Summit.
