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Bank Info Security 10 months ago

Turning Regulation Into an Industry Advantage

Resilionix's Heather Lowrie on Embracing GDPR as Tool for Change and ResilienceIn a modern regulatory environment, compliance is no longer just an exercise in ticking off boxes. Thanks to GDPR, financial services firms are shifting from a reactive mindset to a more proactive approach to compliance that focuses on risk management, said Heather Lowrie, director at Resilionix.

Bank Info Security 1 year, 2 months ago

TikTok Fined 530 Million Euros for Data Transfer to China

Irish DPC Imposes a Fine for GDPR ViolationsTikTok must pay 530 million euros to the Irish data regulator for non-compliance with European privacy law. The nearly $600 million fine stems from TikTok's storage of European user data on servers in China and failure to disclose data transfers to China from July 2020 through November 2022.

Regulatory compliance is no longer just a concern for large enterprises. Small and mid-sized businesses (SMBs) are increasingly subject to strict data protection and security regulations, such as HIPAA, PCI-DSS, CMMC, GDPR, and the FTC Safeguards Rule. However, many SMBs struggle to maintain compliance due to limited IT resources, evolving regulatory requirements, and complex security challenges

Bank Info Security 1 year, 5 months ago

Box-Checking or Behavior-Changing? Training That Matters

Exploring New Ways to Deliver and Measure Cybersecurity Awareness ProgramsRegulations like GDPR, HIPAA and CMMC have made security awareness training a staple of corporate security programs. But compliance is only part of the story. Organizations face an even deeper challenge: influencing employee behavior in ways that create a truly secure workplace.

Bank Info Security 1 year, 8 months ago

LinkedIn Fined 310 Million Euros For Privacy Violations

The Irish DPC Imposed the Fine for GDPR ViolationsThe Irish Data Protection Commission imposed a 310 million euro fine on LinkedIn for violating a European privacy law stemming from the company's use of customer data. It ordered the social media platform to bring its data processing under compliance.

Bank Info Security 1 year, 10 months ago

Irish Data Protection Commission Probes Google's AI Model

Inquiry Launched to Determine the Company's Compliance With GDPRThe Irish data regulator launched an investigation to determine Google's compliance with a European privacy law when it was developing its PaLM 2 artificial intelligence model. Google launched the multilingual generative AI model last year.

Bank Info Security 2 years, 4 months ago

ICO Reprimands UK Home Office for Privacy Violations

Home Office Electronic Migrant Tracking System Violates UK GDPR, Says ICOA defunct U.K. Home Office pilot project that tracked the whereabouts of 600 migrants violated British privacy law, the British data regulator said early Friday in London, giving the agency a deadline of nearly a month to bring its data processing requirements under compliance.