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OCC And Capitol One

OCC Fines Capital One: Key Takeaways

Last year, Capital One experienced one of the largest-ever data breaches of a bank, when a hacker–Paige Thompson–got her hands on the personal information of over 106 million customers and applicants via a misconfigured AWS server. Now, the Office of the Comptroller of the Currency (OCC) has hit the bank with a whopping $80 million…
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Zoom And Class Action

Zooming in on Cyber Governance: Key Areas to Focus On

Advisory Board Member, Jody Westby, CEO of Global Cyber Risk  LLC, authored this article which was originally published on July 14, 2020 in Forbes at this link.  Shortly after the coronavirus shutdowns began in March 2020, businesses and people across the country started using Zoom for remote working, video meetings, and keeping up with family…
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EasyJet Hack

Breaking Down the EasyJet Hack

Earlier this month, European budget airline EasyJet was hacked. In a “highly sophisticated attack,” 9 million customers had personal information, including email addresses and travel itineraries, compromised. And 2,208 customers had their credit card information stolen. The attack has left many customers “in limbo”, with many questioning how a company that claimed to comply with…
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Federated Learning

What is Federated Learning? And How Can Differential Privacy Make it Better?

Machine learning is a constantly growing technology. But some recent developments are particularly noteworthy for business leaders because they are paving the way for fairer, safer, more private, and more affordable machine learning algorithms.  In 2017, Google announced that machine learning models trained with user interaction from mobile devices would adopt federated learning while, in…
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COVID-19 Extensions In NY Financial Department

COVID-19 Brings Deadline Extensions from NY Department of Financial Services

The New York State Department of Financial Services (NYDFS) has taken several steps in response to the COVID-19 pandemic. On March 12, NYDFS released a compliance order and a series of guidance letters extending certain deadlines and requesting that organizations submit their plans for managing the risks resulting from COVID-19. The announcements regarding the extension…
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Social Distancing And Cybersecurity

Best Practices for Cybersecurity During Social Distancing

It’s unusual that a cybersecurity news organization has the chance to report on a biological virus instead of a software virus. But here we are. The rapid-fire spread of COVID-19 has turned the world on its head, and it’s safe to say that a lot of changes are in store for the foreseeable future. While…
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As Federal Regulations Slip, States Are Filling The Gap

As Federal Regulations Slip, States are Filling the Gap

In the years since its 2011 inception, the Consumer Financial Protection Bureau (CFPB) has been a valuable shield between consumers and predatory financial practices. The federal regulatory body held Wells Fargo accountable when the bank was caught opening fake accounts in customers’ names, and it forced Capital One Bank to reimburse customers for unnecessary add-ons.…
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Clearview AI Breach Major Blow For Data Privacy

Clearview AI Breach Raises Questions About Data Privacy Compliance

Clearview AI, a facial recognition app the New York Times claimed “might end privacy as we know it,” has taken a massive step towards fulfilling that prophecy. Recently, the controversial New York-based company experienced a major data breach, with hackers leaking the company’s entire customer list as well as data pertaining to the number of…
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Equifax Breach Settled

Equifax Breach Settled: Historic Settlement Approved in Equifax Case

Most remember the headlines on Sept. 7, 2017, when Equifax announced that a massive data breach had exposed the personally identifiable information of more than 147 million consumers. To compensate those affected by the data breach, a class-action lawsuit was filed in November 2017, and just recently concluded. On Jan. 13, 2020, US District Judge…
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