Data Security

Category Archives: Data Security

NY DFS Tightens Screws on 3rd Party Cyber-Risk for Financial Firms

ACE IT Solutions Managing Partner, Warren Finkel, recently spoke to FinOps about New York State’s Department of Financial Services new rules on managing cyber-risks and how banks are expected to protect critical non-public customer data.

“Out of sight doesn’t mean out of mind when it comes to following New York State’s new rigorous rules on how banks must manage cybersecurity risk.

Cybersecurity information security officers (CISOs), IT directors, compliance managers, legal counsel, and vendor procurement specialists will need to work together to perform due diligence on third-party vendors, negotiate new contracts, revise old contracts and continually monitor third-party relationships. The same principles associated with any outsourced service also apply to third-party cybersecurity risk management.” Read more . . .

ACE IT Solutions Recognized for Excellence in Managed Security Services

New York, NY,  February 15, 2017 – ACE IT Solutions announced today that CRN®, a brand of The Channel Company, has named ACE IT Solutions to its 2017 Managed Service Provider (MSP) 500 list in the Managed Security 100 category. This annual list recognizes North American solution providers with cutting-edge approaches to delivering managed IT… Continue Reading

Cybersecurity Heightened Amid Russian DNC Hacks

The high-profile hack on the DNC is another example of how pervasive cybersecurity threats really are. It also shows that most organizations are unprepared to deal with hacks –the DNC is far from alone. Worse yet, most breaches aren’t discovered for an average of eight months and nearly two thirds of organizations learn they are breached from… Continue Reading

How to Test your Disaster Recovery Plan

It should not take an outage to compel your business to evaluate its business continuity and response strategy.  One should be in place long before disaster strikes.     The beginning of the year is a good time to test your disaster recovery / business continuity plan. (And put one into place if you haven’t yet.)… Continue Reading

Closing the Security Skills Gap

The low availability of professionals with specialized cyber skills is one of the biggest issues facing organizations looking to defend their core business systems against cyber attacks. Cyberattacks continue to outpace the pool of talented defenders as cyberattacks are growing in frequency and sophistication. The sufficiently-skilled cyber professionals cannot keep up — there just aren’t… Continue Reading

SEC Announces Examination Priorities for 2016

On January 11, 2016, the staff of the Office of Compliance Inspections and Examinations (OCIE) of the Securities and Exchange Commission (SEC) released its annual announcement on examination priorities for the coming calendar year. While the announcement contains broad and general descriptions of areas in which the staff intends to focus, there are several key points to… Continue Reading

ACE IT Solutions Nominated For 4 Prestigious 2016 HFMWeek Technology Awards

ACE IT Solutions is proud to announce that we have been nominated for several prestigious HFMWeek US Technology awards, rewarding excellence in hedge fund technology: Best Infrastructure Provider Best IT Consultancy Service Best IT Service for Small and Start-up Firms Best Security Solution The HFMWee​k 2016 US Technology Awards recognize and reward hedge fund technology providers as well… Continue Reading

Big Banks Spending Big Bucks to Fight Cyber Crime

The biggest banks in the U.S. are responding to the cyber crime epidemic by beefing up their cybersecurity programs to defend the financial industry. It is no secret that cyber criminals are winning. It is estimated that cyber attacks cost businesses as much as $400 billion a year, which includes direct damage plus post-attack disruption to the… Continue Reading

Data Backup or Disaster Recovery — Which is the best choice for your business?

What is the different between data backup and disaster recovery?  We get this question a lot from clients looking to find the balance between their budget requirements and making sure they can access their data and technology whenever they need it. Data Backup  Data backup is a necessity. Non-optional. Every businesses must have it. Data backup… Continue Reading

The Top Four Cybercrime Trends of 2015

Security incidents have been on the rise for the past few years, and most experts in cyber security believe the trend will only continue to intensify. This list does not focus on the high-profile, headline-grabbing attacks we all know about but the everyday struggle of organizations everywhere, in every industry, to protect their data in a… Continue Reading