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EU-US Privacy Shield and the Future of Data Protection

EU-US Privacy Shield and the Future of Data Protection
  • The European Commission adopted the EU-US Privacy Shield on July 12, 2016 as a replacement for the Safe Harbor rules that were overturned by the European Court of Justice in October 2015.  This new framework protects the fundamental rights of anyone in the EU whose personal data is transferred to the United States as well as bringing legal clarity for businesses relying on transatlantic data transfers. The new EU-US Privacy Shield is an example...
  • The European Commission adopted the EU-US Privacy Shield on July 12, 2016 as a replacement for the Safe Harbor rules that were overturned by...
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Brexit May Cause Inadvertent Data Breaches

Brexit May Cause Inadvertent Data Breaches
  • With the British decision to leave the European Union, there may be a trend of corporate headquarters leaving the UK to remain under the EU.  This may trigger inadvertent data breaches as those organizations choosing to move could see an increase in employee exits that may bring security and privacy implications.  I have read recent reports of increases in visa applications and emigration requests as many people are seriously thinking of going to Canada,...
  • With the British decision to leave the European Union, there may be a trend of corporate headquarters leaving the UK to remain under the...
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Fasoo and Ponemon Study Reveals Employees Highest Security Risk to Organizations

Fasoo and Ponemon Study Reveals Employees Highest Security Risk to Organizations
  • Fasoo just released the results of the security industry’s first look at how confident organizations are about protecting intellectual property and other high value information.  In the latest Ponemon Institute survey titled, “Risky Business: How Company Insiders Put High Value Information at Risk”, 72 percent of organizations are not confident they can manage and control employee access to confidential documents and files.  This study reveals that insiders are the highest security risk to an...
  • Fasoo just released the results of the security industry’s first look at how confident organizations are about protecting intellectual property and other high value...
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SEC Stresses Data Security After Settlement with Morgan Stanley

SEC Stresses Data Security After Settlement with Morgan Stanley
  • The Securities and Exchange Commission (SEC) told financial firms they must take data security more seriously in the wake of a settlement with Morgan Stanley over the theft of customer data by a former employee.  In 2015, the employee transferred information from approximately 730,000 client accounts to his personal server.  He copied names, addresses, account numbers, investment information and other data to his home computer so he could work on it.  He did this...
  • The Securities and Exchange Commission (SEC) told financial firms they must take data security more seriously in the wake of a settlement with Morgan...
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Seven Employees at ProMedica Hospitals Breach Patient Information

Seven Employees at ProMedica Hospitals Breach Patient Information
  • Recently ProMedica Bixby and Herrick Hospitals contacted 3,472 patients informing them that their private medical records had been improperly accessed by seven employees.  As is standard practice with the breach of patient information, patients received letters from ProMedica explaining the situation, the hospital’s action plan to prevent additional breaches and offering a full year of free credit protection monitoring. The hospital also reported this incident of an insider threat to the U.S. Department of Health...
  • Recently ProMedica Bixby and Herrick Hospitals contacted 3,472 patients informing them that their private medical records had been improperly accessed by seven employees.  As...
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Ron Arden Talks About Cyber Security on Panel at FinCyberSec 2016

Ron Arden Talks About Cyber Security on Panel at FinCyberSec 2016
  • Ron Arden, Vice President and COO of Fasoo, Inc., participated in a panel discussion on cyber security priorities in the finance industry at FinCyberSec 2016 at Stevens Institute of Technology in Hoboken, NJ on June 1, 2016.  Ron was joined by Alan Brill, Senior Managing Director from Kroll, and Michael Frank, President of Secure Business Strategies.  The panel was moderated by Dr. Paul Rohmeyer, who organized the conference. The first topic of discussion addressed...
  • Ron Arden, Vice President and COO of Fasoo, Inc., participated in a panel discussion on cyber security priorities in the finance industry at FinCyberSec...
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Digital Rights Management Helps the FDIC Proactively Address Cyber Security

Digital Rights Management Helps the FDIC Proactively Address Cyber Security
  • The Federal Deposit Insurance Corporation (FDIC) will implement Digital Rights Management (DRM) software to prevent unauthorized redistribution of digital information.  This is in reaction to security incidents where departing employees accidentally took sensitive files on portable media.  According to numerous studies, trusted insiders pose a greater risk to sensitive information than hackers and cybercriminals. I applaud the FDIC for taking this key initiative to proactively protect and control its most sensitive information.  DRM will...
  • The Federal Deposit Insurance Corporation (FDIC) will implement Digital Rights Management (DRM) software to prevent unauthorized redistribution of digital information.  This is in reaction...
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Stop the Data Breaches – Everyone Should Protect Consumer Data

Stop the Data Breaches – Everyone Should Protect Consumer Data
  • There is a lot happening lately in the financial sector to help stem the tide of constant data breaches.  This week a financial industry coalition in the US is promoting a campaign called “Stop The Data Breaches” to encourage people to get their members of congress to pass The Data Security Act of 2015 (H.R. 2205 and S. 961). The effort is backed by seven trade groups, including the American Bankers Association, the Consumer...
  • There is a lot happening lately in the financial sector to help stem the tide of constant data breaches.  This week a financial industry...
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What is Lurking Inside Your Applications?

What is Lurking Inside Your Applications?
  • While everyone still draws attention to the need for protection from cyber-attacks and the need for firewalls, intrusion prevention systems, and similar tools, recent highly publicized breaches have been raising awareness on weaknesses in software developed and used. The market is now forced to focus on how to identify and remediate vulnerabilities within applications themselves as things like buffer overruns, SQL injections, cross-site scripting, hard-coded passwords, memory leaks, uninitialized variables, division by zero, and...
  • While everyone still draws attention to the need for protection from cyber-attacks and the need for firewalls, intrusion prevention systems, and similar tools, recent...
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