#FinancialRegulation

NatWest blocks bevy of apps in clampdown on unmonitorable comms

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November 14, 2024 at 06:02AM NatWest Group has officially banned several messaging apps, including WhatsApp, Telegram, and Signal, on company devices to enhance oversight and protect against regulatory issues. The policy, effective November 6, aims to prevent unrecorded communications. Approved methods include Microsoft Teams and Outlook, aligning with industry practices following regulatory scrutiny. **Meeting Takeaways: … Read more

Judge mostly drags SEC’s lawsuit against SolarWinds into the recycling bin

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July 18, 2024 at 05:17PM A judge has mostly dismissed a lawsuit by America’s financial watchdog against SolarWinds and its CISO for misleading investors about computer security practices and the backdooring of its Orion product after the SUNBURST attack. The judge ruled in favor of SolarWinds on post-SUNBURST claims but sustained the SEC’s securities fraud … Read more

SEC: Financial orgs have 30 days to send data breach notifications

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May 17, 2024 at 01:29PM The SEC has adopted amendments to Regulation S-P requiring certain financial institutions to notify individuals of data breaches within 30 days. The changes encompass breach notification, security policies, safeguard expansion, and compliance documentation. The modifications aim to update the rule, originally established in 2000, to better protect customer financial data. … Read more