PROCIRCULAR BLOG

Educating your business on the importance of cybersecurity

FTC Strengthens Data Security: What The Newest Safeguards Rule Amendment Means For Financial Institutions

Posted by Taylor Herr on Oct 6, 2022 1:12:32 PM

In 1999, Congress passed the Gramm-Leach-Bliley Act, which requires financial institutions to explain their information-sharing practices to their customers and to safeguard sensitive data.[1] The Act mandated the passage of the Safeguards Rule, which was promulgated by the Federal Trade Commission (FTC) in May 2002 and made effective May 2003.[2] In 2019, the FTC began working on amendments to the Safeguards Rule, and on December 9, 2021, the FTC finalized these amendments.[3] Depending on the classification of their financial institution, clients will need to understand the following rule changes and properly abide by the new FTC regulations.

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Topics: Cybersecurity, Penetration Testing, Risk Assessment, Banking, Financial Institutions

Managing Cyberthreats to the Banking Industry in 2023

Posted by Trevor Burke on Aug 24, 2022 11:39:50 AM

As online and at-home banking options become more accessible, more online activity increases the risk of theft. Since 2021, IBM reported that the average cost of a breach rose from $4.24 million to $4.35 million.

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Topics: Cybersecurity, Incident Response, SIEM, Risk Assessment, Banking, Escape Game

6 Benefits of Conducting a Cybersecurity Risk Assessment

Posted by ProCircular Team on Apr 22, 2021 1:49:00 PM

With so much of the world's business taking place online, cybersecurity threats have become increasingly prevalent. Cyberattacks cost companies millions of dollars a year, and not every business can recover from an incident like a data breach or ransomware hoax. A cybersecurity risk assessment evaluates how potential weaknesses could impact your organization.

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Topics: Cybersecurity, Network Security, Risk Assessment

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ProCircular is a Full-Service Information Security Firm

We are passionate about helping businesses navigate the complex world of information security, and our blog is another great source of inforamtion. We can assist you no matter where you are in your security maturity journey:

  • Breached or hit with ransomware?
  • Don't know where to start? 
  • Looking to confirm your security with a third party?

Secure your future with ProCircular.

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