Category Archives: regulatory trend

Regulatory Trend. Fining Mortgage Companies for Data Breaches.

4 ways mortgage companies can up their game and push back regulatory fines:

  • Proper security frameworks and policies that secure data both inside and outside;
  • Assess vendors and third parties for data breach risk;
  • Work with experts to assess and manage the “risk across the supply chain and build better defense-in-depth to prevent a breach;” and
  • “Use tools and analytics that are specially designed to monitor and assess the security posture of vendors in real-time, as well as improve…

Lege Trend. Link Licensing to Data Security Standards.

Legislative body is located where? Australia

What triggers licensing issues when failing to meet data security standards? 

  • Licensing enforcement is triggered only for companies valued at greater than $3 million in revenue

The goal: Move data security to the forefront with business leadership

Intelligent Insurer | New data breach reporting legislation deemed cyber game changer in Australia

+1 State. Creates Executive Level State Cybersecurity Officer

The State: Rhode Island

The New Executive Level Office in Rhode ISland:  state cybersecurity officer

The goal of the office:  developing and putting into place a comprehensive state cybersecuritystrategy

How did the state cybersecurity officer position emerge? It was a “key recommendation of the governor’s Cybersecurity Commission, established in 2015 with the aim to lay out plans to protect the state’s IT infrastructure as well as grow a thriving cybersecurity industry”

State Tech | Rhode…

Local Trend: City Writes Broadband Ordinance.4 Requirements on Cable Operators.

City: Seattle

Seattle’s Broadband Ordinance requires:

  • ​requires Cable Operators to obtain opt-in consent before sharing a customer’s web browsing history
  • Requires Cable Operators to obtain opt-in consent before they use customer web browsing history
  • The exception: unless it is necessary to render a service ordered by the customer or pursuant to a subpoena or valid court order authorizing disclosure, or to a governmental entity.
  • Cable operators must attest to compliance with this rule by…

TREND: + 1 Governor Adding Cyber Security to Executive Branch

State: South Carolina

The Cyber Security Executive Level Entity: Critical Infrastructure Cybersecurity Executive Oversight Group

How was the Critical Infrastructure Cybersecurity Executive Oversight Group created? Executive order

 The Governor tasked the group with:

  • examine, enforce, and strengthen cybersecurity
  • aim to mitigate cyberattack

State Tech | South Carolina Establishes Cybersecurity Oversight Group

WISTV | McMaster looks to boost state’s cybersecurity through executive order

State insurance Regulators + Familiar State Cybersecurity Finance Rules= More Cybersecurity Rules in 2017

The National Association of Insurance Commissioners is being urged to adopt New York’s Cyber Finance Security Rules in each of their respective states.

NAIC will release proposed rules soon

Reuters | New York Regulator Wants Other States to Model Cyber Laws After Its Rules

Refresher on the New York Cyber Security Rules from January 2nd, 2017 informed:intel:

The state upping the ante on data security rules for the finance industry: New York

The new New York rules announced December 28th will…

Lege Trend. Procurement Trend. Expanded IT bidders.

State: Ohio

IT Procurement Issue: How to get innovative tech firms to bid on IT contracts, especially for data analytics.

The procurement change: Remove the old school, clunky procurement process

The procurement fix:

  •  streamline the procurement process by creating a request for proposal that prequalifies companies to provide analytics according to a range of disciplines, such as fraud, auditing, risk management, public safety…
  • remove the requirement that a vendor has to have worked for a…

TREND. Business & Cybersecurity. 3 Cyber Issues. US Chamber of Commerce.

The U.S. Chamber of Commerce is making cyber security recommendations for regulators and policy makers, including:

  • agency leadership needs to work with business to “harmonize cyber regulations”
  • modernize government IT structure
  • clarify the roles and responsibilities of the public and private sectors when it comes to cybersecurity

The Hill | Chamber of Commerce urges Trump to get business input for cyber strategy