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BITSIGHT SECURITY RATINGS BLOG

Read about the latest cybersecurity news and get advice on vendor risk management, reporting to the board, managing cyber risks, benchmarking security performance, and more.

5 Highlights Of The NYDFS Cybersecurity Regulations

In March 2017, the New York Department of Financial Services (NYDFS) cybersecurity regulations—known as 23 NYCRR Part 500—went into effect. According to the regulation, “any Person operating under or required to operate under a license,...

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Information Security In Banking & The Financial Industry: 3 Critical Risks Posed By Vendors

In a new report on cybersecurity in the banking and financial sector, BitSight researchers examined the security performance of more than 5,200 organizations in the Legal, Technology, and Business Services industries. These...

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Cybersecurity In Financial Services: Analyzing Third- & Fourth-Party Best Practices

The financial services industry is known for its mature cybersecurity programs. There are many drivers for this, one being the increasingly strict regulatory environment. For example, the Office of the Comptroller of the Currency (OCC)...

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5 Credible Cybersecurity Threats To The Financial Services Sector

The financial services sector has traditionally been viewed as highly mature when it comes to cybersecurity initiatives. In fact, this BitSight Insights report found that the financial sector had the highest Security Rating of all examined...

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A Breakdown Of Recent OCC-Issued Examination Procedures For Third-Party Risk Management

Financial regulators have long been concerned about the cyber risk associated with third-party- supplied products or services in financial institutions. For example, in 2013, federal financial regulators put out an issuance to financial...

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The 5 Pillars Of Cybersecurity In Financial Services

Financial services is a wide industry, encompassing banks, insurance companies, investment firms, analysts, consultants, and many more. We’ve found financial services to be one of the best performing sectors in terms of cybersecurity....

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Managing Vendor Risk Complexity: Insights from Financial Institutions

Earlier this week I had the privilege of attending the invitation-only BNY Mellon 2015 Third Party Risk Management Symposium. The keynote speaker was General Keith Alexander, former Director of the National Security Agency. General...

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