Fasoo Announces Release of Ponemon Report on NYDFS Cybersecurity Regulations at Gartner Summit

WASHINGTON, June 13, 2017 Fasoo, Inc., a leader in data security and compliance, will join Dr. Larry Ponemon to present the results of the highly anticipated Ponemon Report “Countdown to Compliance: Is the Financial Services Industry Ready for New York State’s Cybersecurity Regulations?” at the Gartner Security & Risk Management Summit June 12-15 in National Harbor, MD.  The research released today gauges the industry’s readiness and reaction to the new cybersecurity regulations and found that data-centric related issues present significant challenges and difficulties to CISO/CCO’s.

Regulators across all industries are mandating data-centric security and compliance as network and perimeter security solutions fail to stop mounting data breaches. The Ponemon report reveals how difficult it will be to implement these new regulations, and what the biggest challenges will be. “Trying to locate, protect and manage nonpublic information is at the heart of this regulation, since protecting your business and your customers is its main goal,” said John Herring, CEO of Fasoo, Inc. “The Ponemon Survey shows that while it might be a challenge, most organizations believe implementing the requirements will improve their cybersecurity posture to reduce risk and make them more trustworthy in the eyes of their customers.”

Some key findings from the survey include:

  • 60 percent of respondents believe this regulation will be more difficult to implement than GLBA, HIPAA, PCI DSS and SOX
  • Over 50 percent do not have a formal cybersecurity program
  • 68 percent believe that the inability to know where high value data assets and located will pose a significant challenge

The presentation session at the Gartner Summit on June 13th will show how to overcome shortfalls of simple encryption and common Data Loss Protection approaches to close critical gaps in regulatory compliance involving unstructured data, data in-use, access control, audit trails and data life-cycle retention.

Register here to receive the latest Ponemon Report, “Countdown to Compliance: Is the Financial Services Industry Ready for New York State’s Cybersecurity Regulations?”

About Fasoo:

Fasoo’s data-centric security solutions help customers prevent unintended information disclosure through over 2,000 projects deployed worldwide. Since 2000, Fasoo has helped customers create a secure information sharing environment and simplified secure collaboration internally and externally. Its award- winning Enterprise DRM (Digital Rights Management) solutions are securing more than 2.5 million users enterprise-wide. Fasoo is seeing continuous improvement in its global market position, based on its unique technology, ongoing R&D and strategic approach to comprehensive product capabilities. Fasoo has also expanded its product portfolio through static code analysis (SPARROW) and innovative content-centric document management (Wrapsody) solutions. For more information, please visit www.fasoo.com.

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SOURCE Fasoo, Inc.