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The risk landscape for financial institutions is constantly changing with a myriad of new regulations and growing cybersecurity threats. In this environment, surveys continue to show that Boards of Directors and Senior Management lack confidence in their institution's cybersecurity capabilities and that cybersecurity governance is often inadequate...
|Photo Credit: Marina Putilova||
With the advent of new regulations, such as NYDFS Part 500 Cybersecurity Requirements and General Data Protection Regulations ("GDPR"), more focus has been placed on securing data in transit and data at rest...
|Photo Credit: J.R. Bale||
At this point, we have all heard about the Equifax breach that has affected approximately 143 million U.S. consumers along with certain citizens in the UK and Canada...
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Over the last year or so, banks have been heavily focused on complying with the latest cybersecurity laws and regulations -- as they should be -- but lately, it has been a much older law that has been causing compliance and financial stress...
|Photo Credit: Leo Wolfert||
Last fall, the New York Department of Financial Services (“NYDFS”) released a statement regarding potential new regulations aimed at increasing cybersecurity defenses at financial institutions. Fast forward to one year later and the NYDFS ups its game once again. In September 2016, the NYDFS proposed new cybersecurity requirements to protect New York State Financial Institutions and consumers, a “first-in-the-nation regulation"...
|Photo Credit: computerweekly.com||
In a recent report published by the Ponemon Institute, it was noted that 2014 will long be remembered as the year of the Mega Breach. Starting with the Target breach in late 2013 and ending with the Sony attack, mega cyberattacks were front and center in the news and on the minds of most corporate executives. The only good outcome from these attacks (if there is such a thing) is that...Read Full
Joseph Alecci, CISA, CISM, CISSP, CRISC
Associate Director, IT & Cybersecurity
Joseph Alecci leads the IT/Cybersecurity Audit & Risk Management Group at P&G Associates. He has over 20 years of experience in information systems and auditing management and is a member of the ISACA N.J. Chapter Board of Directors.