news-highlightsNew York Financial Watchdog Calls for Social Media Cybersecurity

New York Financial Watchdog Calls for Social Media Cybersecurity Regulator after Twitter Hack of Biden and Obama Accounts

News Highlights

October 23, 2020

New York Financial Watchdog Calls for Social Media Cybersecurity Regulator after Twitter Hack of Biden and Obama Accounts


The New York State Department of Financial Services said platforms like Twitter and Facebook are now “systemically important” and need cybersecurity oversight.  Tech Republic covered this suggestion by the New York State Department of Financial Services to regulate social media platforms, and reached out to the security industry for comment.

K2’s VP of Marketing, Tim Chiu commented on how being targeted for regulation, might paint a bullseye on companies selected for regulation, but that designation might not be a bad idea, if it also meant those companies would adhere to guidelines like the new NIST SP800-53 Revision 5 Security and Privacy Framework.  The newly released framework adds requirements for IAST and RASP as part of the application security framework.

Read the Tech Republic article on here

K2 CYBER SECURITY

K2 Cyber Security delivers the Next Generation Application Workload Protection Platform to secure web applications and container workloads against sophisticated attacks including OWASP Top 10 and memory-based attacks, and provides additional vulnerability detection. K2’s Platform is deployed on production servers for runtime protection of applications and on pen-testing/pre-production servers to identify the location of the vulnerable code in real-time. K2’s solution generates almost no false alerts, eliminates breaches due to zero-day attacks, detects attacks missed by traditional security tools including Web Application Firewalls, and dramatically reduces security cost. K2 Cyber Security is located in the USA, and provides cyber security solutions globally.

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