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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.

Recent Australia Privacy Amendment Reflects Growing Concern Over Third Party Cyber Risk

In February of 2017, Australia’s Federal Parliament passed the Privacy Amendment (Notifiable Data Breaches) Act 2017, amending the Privacy Act of 1988. These new mandatory breach notification requirements officially went into effect last...

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New Singapore Cybersecurity Bill Reflects Growing Focus on Critical Infrastructure

Last year, there were several new cybersecurity developments introduced around the globe to reduce the risk of catastrophic cyber events at critical infrastructure. These include regulations from the New York Department of Financial...

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A Breakdown Of Terms In The General Data Protection Regulation (GDPR)

If your company processes the data of individuals who reside in the European Union, the General Data Protection Regulation (GDPR) is likely a hot topic around the office right now. Once the regulation goes into effect in May 2018,...

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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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The 8-Part GDPR Compliance Checklist For Prepared Organisations

The May 2018 deadline for General Data Protection Regulation (GDPR) compliance is drawing closer—which means your organisation’s compliance activities should be well underway. But if you’re still looking for a place to start, here’s a GDPR...

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How & Why U.S. Businesses Should Prepare For The General Data Protection Regulation (GDPR)

As a U.S.-based company, you may be asking yourself, “Does my company need to prepare for the EU’s General Data Protection Regulation (GDPR)?” Simply put, if you process personal data for anyone in the European Union, the answer is very...

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General Data Protection Regulation (GDPR): 12 Of Your Questions, Answered

The goal of the General Data Protection Regulation (GDPR), which goes into effect in May 2018, is to protect the fundamental rights and freedoms of individuals in the EU as it pertains to their personal data. As you might imagine, it is a...

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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 FDIC Breaches: Uncovered

The Federal Deposit Insurance Corporation was brought into existence in 1933 in the wake of catastrophic bank failures that occurred during the Great Depression. The FDIC’s most recognizable function is insuring deposits up to $250,000,...

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