The financial services industry is a frequent target of hackers, but a larger threat may be trusted insiders since they have access to a lot of sensitive customer data. Advisers within wealth management practices regularly share data with other advisers, staff members, a counterparty or a trusted third-party service provider. They may inadvertently or deliberately share that data with unauthorized …
Fasoo Presents Incident Response Solution
Fasoo sponsored and presented at an event in Columbus, OH on November 13, 2018 entitled “Incident Detection, Response and Recovery” highlighting how to prepare and manage an incident response plan for cybersecurity and data protection. Presented and cosponsored by Catalyst Solutions, IBM and Huntington Insurance, the event brought together experts in legal, insurance, law enforcement, government, accounting and security disciplines …
Fasoo Highlights Unstructured Data Security at RSA 2018
Fasoo’s message of finding, protecting and controlling unstructured data definitely made an impact on attendees at the 2018 RSA Conference in San Francisco. With new regulations like the General Data Protection Regulation (GDPR) coming on quickly and the general feeling that businesses need to do more than just track file access, companies are looking for a more comprehensive and practical …
Practical Advice At Buffalo NYDFS 23 NYCRR 500 Pathways to Compliance Event
Following our successful event in Rochester, the second of the NYDFS 23 NYCRR 500 roadshow events at Phillips Lytle LLP in Buffalo, NY on May 17, 2017 brought together executives, insurance, legal, and security professionals in a great forum to discuss challenges for financial services organizations to meet the new cybersecurity regulations that went into effect on March 1, 2017. …
Fasoo Presents to Ponemon RIM Council
Bill Blake, President of Fasoo, Inc., joined Dr. Larry Ponemon in a presentation on July 20, 2016 to the Ponemon RIM Council of the findings from the recent Ponemon Institute survey “Risky Business: How Company Insiders Put High Value Information at Risk”. Bill and Larry discussed numerous points highlighted in the survey including how to deal with careless acts by …
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 …
FDIC is Adding Digital Rights Management to Arsenal for Data-Centric Security
On Thursday May 12, 2016, the Congressional Subcommittee on Science, Space and Technology held a special hearing in Room 2318 of the Rayburn House Office Building. The hearing addressed if Americans can trust their private banking information is secure by relying on the Federal Deposit Insurance Corporation (FDIC). During the session, lawmakers stated that the FDIC has a long history …
Is Your Favorite Sports Team’s Data Secure?
It is no doubt that 2015 is on record pace for the number of data breaches compared to previous years. However, typically we would assume that these data breaches would happen in such industries as healthcare, finance, retail or the government. We would have never thought that this would enter the area of professional sports teams. Now we know it …
Data Encryption is Now Mandatory, Are You Prepared?
On July 1, Connecticut’s Governor Dannel Malloy signed legislation that expands the current definition of personal information and now requires new data breach security terms and conditions in every state contract dealing with confidential information. From this article, the bill also states, “Not later than October 1, 2017, each company shall implement and maintain a comprehensive information security program to …
How Worried Should We Be about the Hacks on the Government?
Every time we look to the news we find at least one data breach incident, some more minor than others. However, at that time it was businesses in retail, finance or in healthcare. Now we look to the news and we discover that more and more data breaches are focused on the government. From third party contractors that deal with …