The U.S. Securities and Exchange Commission and the state of New York have proposed new cybersecurity regulations. Fred Harris, managing director of Societe Generale, says it's a "watershed moment for the industry" and offers insights as to how financial institutions can manage these changes.
Rules coming in April could require publicly traded companies to disclose a breach within four days of deeming it material as well as board member cybersecurity expertise. The SEC in March 2022 proposed a mandate that companies disclose "material" incidents within four business days of discovery.
Three healthcare organizations joined the list of entities treating past use of tracking technologies in patient websites as a data breach reportable to federal authorities. The entities admitting such incidents are New York-Presbyterian Hospital, UC San Diego Health and Brooks Rehabilitation.
Italian regulators announced Friday an effective ban on ChatGPT after determining that artificial intelligence firm OpenAI likely engaged in a massive illegal collection of personal data. The agency gave OpenAI until April 19 to address its concerns or potentially face fines.
A U.S. federal court ruling this week is the latest setback for plaintiffs in an 8-year-old proposed class action litigation against health insurer CareFirst BlueCross BlueShield in the aftermath of a 2014 cyberattack that affected more than 1.1 million individuals.
There's much national security ado about how much user data gets collected by the Chinese-owned, wildly popular video-sharing app TikTok. But as France's ban of "recreational apps" from government-issued devices highlights, a bigger-picture approach for combating surveillance is required.
Facebook is asking Ireland's High Court to quash a 265-million-euro fine levied by the country's data watchdog after the phone numbers of more than half a billion users appeared online. A user of the now-shuttered BreachForums in April 2021 posted data scraped from 533 million profiles.
Online counseling provider BetterHelp is facing at least three proposed class action lawsuits following its recent enforcement action by the FTC. Plaintiffs allege a variety of claims against the company, including invasion of privacy, violations of federal and state laws, and "outrageous conduct."
A New York medical malpractice law firm will pay $200,000 and implement data security improvements to settle a HIPAA enforcement action by the state attorney general's office following a 2021 ransomware attack by LockBit. Law firm Heidell, Pittoni, Murphy & Bach paid the hackers $100,000 in 2021.
Twitter says its source code was leaked by an unknown user on the popular open-source code collaboration platform GitHub. The social media giant requested a subpoena from a federal court Monday to force GitHub to provide details about the person behind the partial code leak.
Medical device maker Zoll Medical is facing at least seven proposed class action lawsuits filed since it revealed two weeks ago that the data of 1 million individuals had been caught up in a hacking incident involving the company's internal network.
From being in the news about its data being hacked to being hailed as one of the big identity initiatives globally, Aadhaar has indeed come a long way. ISMG caught up with Sumnesh Joshi, deputy director general of UIDAI, to discuss the initiatives the authority has taken to change its perception.
Members of a U.S. House subcommittee got their first look at the Biden administration's new national cybersecurity strategy and quizzed the White House cybersecurity director on the timeline, proposed regulations and incentives for private businesses.
Dark web merchants have been offering Russians - consumers and criminals alike - services for bypassing international sanctions that may indirectly involve U.S. financial institutions, demonstrating the need for more robust "know your customer" and anti-money laundering checks, researchers warn.
The DC Health Benefit Exchange Authority - the online health insurance marketplace servicing Washington, D.C., residents and congressional staff - is facing two proposed class action lawsuits in the aftermath of a hack that affected more than 56,400 individuals, including members of Congress.
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