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    Fasoo Highlights NYDFS Path to Compliance at Rochester Security Summit 2017

    Ron Arden presenting on NYDFS compliance at RSS 2017Ron Arden, Executive Vice President & COO, Fasoo, Inc. spoke to security professionals and executives on how to meet the data-centric requirements of the NYDFS 23 NYCRR 500 cybersecurity regulations for financial services organizations at the 2017 Rochester Security Summit at the Rochester Hyatt in Rochester, NY.

    Ron delivered a presentation entitled “Do You Have a Pathway to Data Security and Compliance?” as part of the risk and compliance track during the October 19 – 20, 2017 event.  With deadlines approaching for some of the more challenging components of the NYDFS cybersecurity regulations, timing was right as Ron reviewed results from the recent Ponemon Institute survey on NYDFS readiness and Fasoo’s approach to help meet the technical challenges of protecting unstructured data or data stored in files.  This is an area that most organizations are struggling with, since about 80 percent of their information is not in databases, but is in office documents.

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    Is Encryption Really That Hard?

    Is Encryption Really That Hard?The problem today is sensitive information is leaking from organizations like a dripping faucet.  The recent Equifax data breach is just the latest example of a constant barrage of leaks in the news.  All the experts say the best way to stop data leaks is by encrypting sensitive data.

    So why isn’t everyone doing it?   What’s the problem?  New regulations are now in place that mandate encrypting sensitive data, NYDFS part 500 and GDPR being two of the most visible.

    It’s not like using an Enigma machine to manually encrypt a message.  Today’s encryption mechanisms are easy to use and fit into the daily work of employees everywhere.

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    You Need Data-Aware Protection Mechanisms

    You Need Data-Aware Protection MechanismsData breaches pose one of the greatest threats to business and government.  With the recent data breach at Equifax magnifying the problem of data loss in businesses and the public sector, it’s time for organizations to think hard about using data-aware protection to safeguard sensitive information.

    The ever-changing cybersecurity landscape requires organizations to evolve beyond merely protecting the network perimeter and end-points to implementing protections on the data.  When data breaches are successful, the costs can be staggering.  How much will it cost Equifax to offer credit monitoring to millions of people?  What makes these data breaches so disheartening is that many could be avoided or mitigated by modernizing legacy IT systems and protecting information at the data or document level.

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    Can You Stop Former Employees Taking Your Data?

    Can You Stop Former Employees Taking Your Data?It’s a good question and one that many organizations don’t think about thoroughly.  You take a lot of time onboarding an employee by doing background checks, checking references, and determining what information systems and data access the person needs to do her or his job.  You may have a comprehensive provisioning system that grants access to all applications and data.

    But how about when someone leaves?  It’s great that you de-provision access the INSTANT someone becomes a former employee, but how do you protect the confidential data she or he may have been taking out each night for the last few weeks?  Organizations spend a lot of money guarding against cyberattacks from hackers and other external people, but many don’t do enough to protect their data from threats of former employees.

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    Fasoo Helps Customers with Compliance at Gartner Security and Risk Management Summit 2017

    Fasoo helps customers comply with GDPR and NYDFS 23 NYCRR 500This year at the Gartner Security & Risk Management Summit in National Harbor, MD there was a lot of focus on managing and mitigating risk to a business and how to  improve cybersecurity through data-centric protection.  One area of concern to many organizations is how to comply with some of the newer cybersecurity and data protection regulations, like GDPR, as governments are trying to improve customer and business data security.

    With all the recent malware, ransomware and data breaches, there was obviously a focus on how to prevent harm to one’s business.  As businesses move more into the realm of digital business, the concept of trust is becoming a larger issue.  If your customers do not trust you with their data, they will be less likely to do business with you.

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