IBM Big Data Hub

AUGUST 1, 2023

We are bringing the power of foundation models with the availability of a GPU as a service on IBM Cloud offering to help organizations tap into artificial intelligence (AI) in a secured environment while aiming to mitigate third- and fourth-party risk.

Financial Services 63

Financial Services Computer and Electronics Cloud Digital transformation 63

Krebs on Security

JANUARY 25, 2022

But Jim has long had a security freeze on his credit file with the three major consumer credit reporting bureaus , and none of the lenders seemed willing to proceed without at least a peek at his credit history. ” According to the Native American Financial Services Association (NAFSA), a trade group in Washington, D.C.

Financial Services 225

Financial Services IT Data breaches Passwords 225

Thales Cloud Protection & Licensing

NOVEMBER 27, 2018

The cybersecurity regulation ( 23 NYCRR 500 ) adopted by the New York State Department of Financial Services (NYDFS) is nearly two years old. The 2017 bill, the first of its kind, will be fully implemented as of March 1st, 2019. Application layer security ensures secure development practices for in-house developed applications.

Cybersecurity 71

Cybersecurity Financial Services Encryption Data Privacy 71

The Last Watchdog

SEPTEMBER 7, 2022

Healthcare and public health, financial services, and IT organizations are frequent targets, although businesses of all sizes can fall victim to these schemes. The increase in remote workforces and difficulty enforcing security controls with expanding perimeters has played a role in the rise of ransomware.

Ransomware 124

Ransomware Education Phishing Financial Services 124

Data Matters

JUNE 24, 2021

In September 2017, then-SEC Chairman Jay Clayton issued a public statement that provided an overview of the SEC’s approach to cybersecurity and underscored it as a priority for the SEC. The SEC is considering enhancing its disclosure rules concerning cybersecurity risk governance and has indicated a target release date of October 2021.

Cybersecurity 68

Cybersecurity Financial Services Risk Compliance 68

Data Matters

APRIL 11, 2022

The Cyber Security Law (2017) (the CSL ) prohibits operators of critical information infrastructures ( CIIs ) from transferring their “important data” and personal information outside of China. Network Data Security Regulation. The concept of “important data” is a cornerstone of China’s data regulatory regime.

Military 88

Military Artificial Intelligence Security Financial Services 88

CGI

JUNE 19, 2017

Mon, 06/19/2017 - 02:00. Every year at CGI, we conduct research on the services banks offer their customers - whether consumers or corporates - comparing the customer’s perspective with that of the bank’s. In this first blog on the research, I’m pleased to share some of the highlights. harini.kottees…. Add new comment.

Financial Services 40

Financial Services Cybersecurity Retail Marketing 40

Data Protection Report

JANUARY 7, 2019

The two-year transitional period under the New York State Department of Financial Services (“DFS””) Cybersecurity Regulation , 23 NYCRR 500 (the “Regulation”), will expire on March 1, 2019, with the final remaining requirement becoming effective. Third-party service provider risk management program.

Cybersecurity 40

Cybersecurity Compliance Financial Services Risk 40

CGI

JANUARY 6, 2018

However, CGI’s 2017 Global Financial Consumer Survey results reveal the ongoing need for banks to remain vigilant in keeping pace with evolving consumer expectations. In 2017, we surveyed 2,250 consumers across the U.S., Blog moderation guidelines and term of use. Sun, 01/07/2018 - 01:48. Provider preferences.

Financial Services 40

Financial Services Risk Marketing Access 40

Data Matters

MAY 27, 2021

require communications made to e-money customers and payment service or e-money promotions to be accurate and not emphasize any potential benefits of a payment service or e-money product (e.g., The FCA has noted that its rules under BCOBS 2.3 lack of FSCS protection). Key takeaways for firms. UK e-money institutions.

Marketing 68

Marketing Communications Compliance Financial Services 68

Data Matters

JANUARY 25, 2018

In the aftermath of a significant data security incident, a best practice is to hire a third-party forensic firm, working at the direction of counsel, to review how the breach occurred, what data may have been accessed, whether the incident has ceased and other important issues directly relevant to legal counsel’s review. In Leibovic v.

Data breaches 60

Data breaches Communications Financial Services Privacy 60

Data Matters

NOVEMBER 13, 2017

18, 2017, the Consumer Financial Protection Bureau (CFPB) released a set of consumer protection principles (Principles) designed to protect consumer interests in the market for services built around consumer-approved use of financial information. Security practices should be adapted to new risks and threats.

Financial Services 60

Financial Services Privacy Access Marketing 60

Thales Cloud Protection & Licensing

NOVEMBER 2, 2017

The conference features a variety of topics and sessions regarding all aspects of financial services, from cryptocurrency to banking. Three topics that piqued my interest at the 2017 show included authentication, blockchain and digital payments. Authentication. Payments Race.

Blockchain 63

Blockchain IT Authentication e-Delivery 63

CGI

JANUARY 12, 2017

Fri, 01/13/2017 - 01:45. This is the final blog in my three-part series on the disruptive impact of financial technology (FinTech) firms on today’s banks. As FinTechs increasingly invest in these services, they’re posing a real threat to the customer bases and revenues of traditional banks. .* Recommendations for banks.

Financial Services 40

Financial Services Education Marketing Risk 40

CGI

JUNE 23, 2017

Fri, 06/23/2017 - 07:27. Every year at CGI, we conduct research on the services banks offer their customers—whether consumers or corporates—comparing the customer’s perspective with that of the bank. In this first blog on the research, I’m pleased to share some of the highlights. Blog moderation guidelines and term of use.

Financial Services 40

Financial Services Cybersecurity Retail Marketing 40

Data Matters

JANUARY 2, 2018

In November 2017, the Supreme Court heard oral arguments in Carpenter v. The General Court of the EU is now considering the validity of the Privacy Shield in a case brought by La Quadrature du Net and others (with a second case brought by Digital Rights Ireland being dismissed for lack of standing in November 2017).

Cybersecurity 68

Cybersecurity Privacy Data breaches GDPR 68

CGI

FEBRUARY 21, 2017

Wed, 02/22/2017 - 01:58. Today's digital world of multi-dimensional, organized criminal threats ruthlessly exposes the weak points in any financial institutions anti-financial crime (AFC) defences. Defence is no longer just an IT security issue. Blog moderation guidelines and term of use. AFC is not new.

Customer Experience 40

Customer Experience Financial Services Analytics Risk 40

CGI

MAY 15, 2018

For the past two years, CGI has seen an exponential uptick in commercial sector interest in blockchain beyond just the financial services industry. See a related blog by my colleague Sean Curry titled, “ Blockchain: Should federal agencies use it? ”). In July 2017, over 100 U.S. For example, the U.S. Add new comment.

Blockchain 40

Blockchain Government Digital transformation Consumer Services 40

Data Matters

AUGUST 5, 2019

Together, the new laws require the implementation of reasonable data security safeguards, expand breach reporting obligations for certain types of information, and require that a “consumer credit reporting agency” that suffers a data breach provide five years of identity theft prevention services for impacted residents.

Cybersecurity 68

Cybersecurity Data breaches Privacy Risk 68

Thales Cloud Protection & Licensing

JULY 24, 2018

With more than 65,000 employees in 56 countries, Thales is a global leader in technology solutions for the aerospace, transport, defence and security markets. Its unique capabilities include the design and deployment of equipment, systems and services to meet complex security requirements. But, that’s not the whole story.

Encryption 48

Encryption Cloud Data breaches Government 48

Data Matters

MARCH 23, 2020

On March 5, 2020, the Office of the Comptroller of the Currency (OCC) issued an updated set of answers to frequently asked questions (FAQs) 1 regarding risk management in national bank relationships with third parties to further supplement its 2013 guidance, OCC Bulletin 2013-29 (the Bulletin), 2 and its 2017 FAQs (Prior FAQs) on the topic.

Risk 68

Risk Cloud Compliance Marketing 68

CGI

JULY 10, 2018

After coming in second in 2017, “innovating and creating new products and solutions” broke through as the top issue this year. As the session, “Rise of the Machines: AI-Enhanced Customer Experience” pointed out, there are many internal, regulatory, security and societal issues that banks must overcome when it comes to AI.

Digital transformation 40

Digital transformation Artificial Intelligence Customer Experience Retail 40

CGI

MAY 15, 2018

After coming in second in 2017, “innovating and creating new products and solutions” broke through as the top issue this year. As the session, “Rise of the Machines: AI-Enhanced Customer Experience” pointed out, there are many internal, regulatory, security and societal issues that banks must overcome when it comes to AI.

Digital transformation 40

Digital transformation Artificial Intelligence Customer Experience Retail 40

Data Matters

FEBRUARY 25, 2021

This follows the FCA’s announcement in its 2020-21 business plan that payment services were one of its main supervisory priorities 1 and its temporary guidance of July 9, 2020, on prudential risk management and safeguarding in light of the COVID-19 pandemic ( Temporary COVID Guidance ). its Perimeter Guidance Manual (PERG). 3 At PERG 15.

Authentication 68

Authentication Paper Risk Insurance 68

Hunton Privacy

FEBRUARY 25, 2021

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No.

Insurance 70

Insurance Cybersecurity Risk Education 70

Security Affairs

MAY 24, 2023

Iran-linked threat actor Tortoiseshell targeted shipping, logistics, and financial services companies in Israel with watering hole attacks. The trick to use domain names impersonating jQuery was observed in a previous Iranian campaign from 2017. We are in the final!

Financial Services 95

Financial Services Security Cybersecurity IT 95

Collibra

OCTOBER 31, 2023

With every financial services organization focused on making better and faster decisions, data professional and business leaders are eager to better understand how AI can facilitate their strategic goals. Financial services orgs, especially those in capital markets, frequently has been on the forefront of generative AI investment.

Marketing 87

Marketing Government Financial Services Artificial Intelligence 87

Security Affairs

APRIL 30, 2020

ybercriminals behind the PerSwaysion campaign gained access to many confidential corporate MS Office365 emails of mainly financial service companies, law firms, and real estate groups. The detailed technical analysis of PerSwaysion operations and attack scheme is available in Group-IB’s blog post. Pierluigi Paganini.

Phishing 103

Phishing Financial Services Cloud Authentication 103

Data Matters

APRIL 23, 2018

Recent guidance from the Securities and Exchange Commission (SEC) on disclosure and enforcement actions by the Federal Trade Commission (FTC) make clear that cybersecurity is no longer a niche topic, but a concern significant enough to warrant the oversight of corporate boards of directors. Designing an Enterprise-Level Approach.

Cybersecurity 60

Cybersecurity Risk Passwords Authentication 60

CGI

MAY 25, 2017

Thu, 05/25/2017 - 03:53. It builds on existing rules and dovetails with the whole area of data security. From CGI’s own work we have seen how many financial services groups already treat data security and GDPR as a top priority. Blog moderation guidelines and term of use. harini.kottees…. Add new comment.

GDPR 40

GDPR Personal data Financial Services Compliance 40

Data Matters

MAY 17, 2022

Two months later, on July 19, 2021, the National Security Agency (NSA), Cybersecurity and Infrastructure Security Agency (CISA), and FBI assessed that People’s Republic of China state-sponsored malicious cyber activity is a major threat to U.S. and Allied cyberspace assets. supply chain attacks).

Cybersecurity 97

Cybersecurity Government Authentication Ransomware 97

Data Matters

DECEMBER 7, 2017

On October 26, 2017, the U.S. The Report, titled A Financial System That Creates Economic Opportunities: Asset Management and Insurance , identifies laws and regulations that are inconsistent with the Trump Administration’s Core Principles for financial regulation as set forth in Executive Order 13772 (Feb. Report at 117.

Insurance 60

Insurance Data breaches Security Cybersecurity 60

Data Matters

APRIL 21, 2020

a 2017 ransomware cyberattack that infected hundreds of thousands of computers and IT resources in over 150 countries, and the Digital Currency Exchange Hack, a hack into a digital currency exchange that stole approximately $250 million worth of digital currency. Recent examples of cyberattacks attributed to North Korea include WannaCry 2.0,

Cybersecurity 68

Cybersecurity Risk Ransomware Government 68

DLA Piper Privacy Matters

MARCH 31, 2023

This means, for example, that the FCA will be left to regulate AI across financial services; the MHRA to consider what is appropriate in the field of medicines and medical devices; and the SRA for legal service professionals. This approach is already beginning to play out in some areas.

Artificial Intelligence 40

Artificial Intelligence Paper Government Risk 40