Learn About the Digital Operational Resilience Act

Around the world, and particularly over the past few years, regulators have been looking for ways to strengthen the resilience of the financial sector. In the European Union, regulators within the European Commission (EC) have taken a concrete step to meet this objective through the Digital Operational Resilience Act (DORA). The EC published a draft version of DORA in September 2020.


Slack Security: FERPA and HIPAA Compliance

During the pandemic, healthcare and education providers scrambled to adapt to providing services remotely, using tools like Slack, Google Drive, and Zoom to continue connecting with patients and students. McKinsey tracked a spike in the use of telehealth solutions in April 2020 that was 78 times higher than in February 2020. And, by some estimates, more than 1.2 billion children worldwide were impacted by school closures due to the pandemic — some of whom were able to learn remotely.


The Importance of Cybersecurity Standards and Certifications for SMBs

In today’s world with cyber attacks hitting the headlines daily, cybersecurity is at the forefront of many business owners’ minds, but implementing the right solutions and knowing what to do to reduce your risk is a big challenge for decision makers in these organizations. The task is even harder for small- to medium-sized businesses (SMB) that tend to lack extensive budgets and resources needed for implementing the most effective and high-brow cybersecurity solutions on the market.


How to Report a Data Breach per GDPR

The General Data Protection Regulation (GDPR) Act is a broad set of data privacy rules that define how an organization must handle and protect the personal data of citizens of the European Union (EU). The Regulation also outlines the way that organizations can report a data breach. Articles 33 and 34 outline the requirements for breach notification; however, most businesses are still unaware of their responsibilities.


What is the California Privacy Rights Act (CPRA) 2020 and how does it compare to the CCPA?

The California Privacy Rights Act (CPRA) is an extension of the 2018 California Consumer Privacy Act (CCPA). The goal of both laws is to enhance the privacy rights of California residents with regards to the personal information that companies collect about them, giving them the right to see, delete and limit the sale of that data. The CPRA will be fully implemented in mid-2023. In this article, we will take a close look at the provisions of CPRA and how it amends the CCPA.


What is the Digital Operational Resilience Act (DORA)?

The Digital Operations Resilience Act (DORA) is the European Union’s attempt to streamline the third-party risk management process across financial institutions. A draft of DORA was published by the European Commission on 24 September 2020. Without this act, there isn't an objective Information and Communication Technology (ICT) risk management standard in Europe.


What is the NYDFS Cybersecurity Regulation? (23 NYCRR 500)

The NYDFS Cybersecurity Regulation (23 NYCRR 500) is a set of regulations from the New York State Department of Financial Services (NYDFS) that places cybersecurity requirements on all Covered Entities (financial institutions and financial services companies). It includes 23 sections outlining requirements for developing and implementing an effective cybersecurity program, requiring Covered Entities to assess their cybersecurity risk and develop a plan to proactively address them.


SOX Compliance: What Should You Expect?

After several large corporate accounting scandals in the early 2000s that led to investors losing billions of dollars, the US government passed the Sarbanes-Oxley Act of 2002. Commonly referred to as SOX, the bill established and expanded financial and auditing requirements for publicly traded companies in order to protect investors and the public from fraudulent accounting practices.