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Is your Credit Union in the know about the recent cybersecurity requirements mandated by the New York State Department of Financial Services (DFS) that may affect operations? DFS has made significant amendments to its Cybersecurity Regulation, 23 NYCRR Part 500.  The rule is final and effective as of November 1,...

Now that you have stood up processes for onboarding 3rd parties, it is time to consider the same for 4th parties.  What?   Another vendor group I have to worry about? Have you thought about 4th parties?  These entities are the vendors of your vendors. Just as your Information Security function...

This article was written by Emily Mosack In today’s digital landscape, where cybersecurity threats are constantly evolving, organizations face the challenge of staying ahead of malicious actors while managing limited resources and expertise. One solution gaining momentum is outsourcing cybersecurity functions to specialized external providers. What is outsourcing? The use...

You may have read recently that the number of instances of ransomware has declined.  While the overall count of malicious and damaging infections may be waning, the impact of an attack is certainly not.  Case in point: the BlackCat attack on Change Healthcare.  The attack on February 21st has had...

Your organization and its risk management leaders face disturbances on multiple levels every day, encompassing cybersecurity, privacy, regulatory management, and focused and widespread malicious actions and actors, technological weaknesses, organizational apathy, human errors, etc.  Preparation, assessment, and pragmatic execution of the needed controls are vital to address these disruptions and...

This article was written by Heather Brownson. Recently, the NYS Office for People with Developmental Disabilities (OPWDD) has been placing a stronger focus on Incident Management, primarily surrounding timely completion of investigations of reportable incidents. The following is a high-level overview of OPWDD’s Part 624 Regulations. OPWDD requires voluntary agencies to...

This article was written by James Farr, Senior Security Consultant Privacy vs. Security Privacy and security often work hand in hand to support each other, but each has its own distinct role.  Data privacy includes policies and procedures that define how information is gathered, stored, accessed, and destroyed.  Security is...

This article was written by Ryan Bigelow, Director at FoxPointe Solutions. The Payment Card Industry Security Standards Council (PCI SSC) has released version 4 of the Data Security Standard (DSS). This is the first major update to the standard since PCI DSS v3.0 was issued in November 2013. With this...

After a multiyear process of proposals and assessment of public comments, the New York State Department of Financial Services (NYSDFS) has made significant amendments to its Cybersecurity Regulation, 23 NYCRR Part 500.  The rule is final and effective as of November 1, 2023.  Let’s take a comprehensive look at each...

Days before the new Securities and Exchange Commission (SEC) cybersecurity disclosure rules went into effect (which FoxPointe previously discussed here) Erik Gerding, Director of Corporation Finance of the SEC, issued a statement offering some thoughts, rationale and perspective on the rules in an attempt to highlight the significant parts of...