IBM Big Data Hub

AUGUST 1, 2023

We continue to make key updates to our cloud infrastructure to drive progress that has resulted in improvements to cloud stability and resiliency, including an 87% year-over-year reduction in Severity 1 Customer Impacting Events (CIEs) and a 38% decrease in Severity 1 CIE disruption time for the same compared periods in 2022 versus 2021.

Financial Services 67

Financial Services Computer and Electronics Cloud Digital transformation 67

Krebs on Security

JANUARY 25, 2022

Curiously, the fraudsters had taken out a loan in Jim’s name with MSF using his real email address — the same email address the fraudsters had used to impersonate him to MSF back in May 2021. ” According to the Native American Financial Services Association (NAFSA), a trade group in Washington, D.C.

Financial Services 215

Financial Services IT Data breaches Authentication 215

IBM Big Data Hub

FEBRUARY 26, 2024

The financial services industry has been in the process of modernizing its data governance for more than a decade. How can banks, credit unions, and financial advisors keep up with demanding regulations while battling restricted budgets and higher employee turnover? Data lineage provides that reliability—and more.

Financial Services 100

Financial Services Cloud Metadata Digital transformation 100

eSecurity Planet

AUGUST 22, 2021

Cloudflare last month fought off a massive distributed denial-of-service (DDoS) attack by a botnet that was bombarding 17.2 million requests per second (rps) at one of the internet infrastructure company’s customers in the financial services space. That prediction proved correct. Mirai Still on the Loose.

Financial Services 142

Financial Services IoT Education Passwords 142

IBM Big Data Hub

JULY 12, 2023

For years, the bank has been part of IBM’s growing ecosystem of financial institutions and technology partners leveraging IBM Cloud for Financial Services to help deliver more improved customer services and products better tailored to each individual customer’s financial needs.

Digital transformation 51

Digital transformation Financial Services Cloud Customer Experience 51

The Last Watchdog

DECEMBER 21, 2021

In 2021, on-premises Microsoft Exchange Server mailboxes commanded a 43 percent global market share as compared to 57 percent for cloud Exchange mailboxes, according to this report from Statista.

Cloud 222

Cloud Financial Services Communications Ransomware 222

Data Matters

JUNE 24, 2021

On June 15, 2021, the SEC announced settled charges against First American Title Insurance Company (First American) for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information. This resolution highlights the SEC’s continued focus on cybersecurity. 20, 2017).

Cybersecurity 68

Cybersecurity Financial Services Risk Compliance 68

The Last Watchdog

SEPTEMBER 7, 2022

The FBI’s Internet Crime Complaint Center (IC3) received 3,729 ransomware complaints in 2021, representing $49.2 Healthcare and public health, financial services, and IT organizations are frequent targets, although businesses of all sizes can fall victim to these schemes. Prevalence. million in adjusted losses.

Ransomware 124

Ransomware Education Phishing Financial Services 124

Security Affairs

MAY 10, 2022

“Frappo” is actively advertised in the Dark Web and on Telegram where it has a group with over 1,965 active members – there cybercriminals discuss how successful they’ve been at attacking the customers of various online services. The last update of the service was registered May 1, 2022. To nominate, please visit:? Pierluigi Paganini.

Phishing 74

Phishing Retail Financial Services Data breaches 74

IBM Big Data Hub

JUNE 7, 2022

In October 2021, the White House Office of Science and Technology Policy announced, “ Americans Need a Bill of Rights for an AI-Powered World.” As an example, a large financial services firm could easily deploy hundreds or thousands of AI models to assist decision makers in various tasks. In the U.S.,

Government 52

Government Financial Services Compliance Cloud 52

IT Governance

NOVEMBER 23, 2023

2019 (Q2–Q4) 2020 (Q2–Q4) 2021 (Q2–Q4) 2022 (Q2–Q4) Data breaches 855 752 (-12%) 630 (-16%) 648 (+3%) Cyber attacks 143 245 (+71%) 230 (-6%) 285 (+23%) Note 1: The ICO data set only provides the numbers for Q2 2019 until Q4 2022. In turn, financial institutions heavily depend on ICT to be able to provide those services to begin with.

Risk 104

Risk Data breaches Authentication Financial Services 104

eSecurity Planet

SEPTEMBER 30, 2021

Underground services are cropping up that are designed to enable bad actors to intercept one-time passwords (OTPs), which are widely used in two-factor authentication programs whose purpose is to better protect customers’ online accounts. By using the services, cybercriminals can gain access to victims’ accounts to steal money.

Authentication 107

Authentication Phishing Financial Services Passwords 107

Thales Cloud Protection & Licensing

FEBRUARY 27, 2023

Even in regions like Europe a lot of Citizens do not have a bank account: Source: World Bank Findex 2021 report Global CBDC initiatives Central banks are responsible for promoting monetary and financial stability in the best interests of the public. This could ultimately benefit banks by reducing the risk of financial instability.

Financial Services 71

Financial Services Access Risk Security 71

Data Matters

MAY 27, 2021

On May 18, 2021, the UK Financial Conduct Authority (FCA) published a “Dear CEO” letter (the Letter) asking e-money institutions to ensure that their customers understand how their money is protected. In addition, in February 2021, the FCA publicly censured Premier FX Limited for failing to properly safeguard its customers’ money.

Marketing 68

Marketing Communications Compliance Financial Services 68

Data Matters

APRIL 11, 2022

The Data Security Law (2021) (the DSL ) and some recent draft regulations indicate that the prohibition on exports of “important data” is likely to apply to all companies, whether CII operators or not. appeared first on Data Matters Privacy Blog. The post Understanding China’s Data Regulatory Regime: What Are Important Data?

Military 88

Military Artificial Intelligence Security Financial Services 88

IT Governance

AUGUST 26, 2021

In this blog, we look at the key issues that you will face. For example, financial services firms may be worried about employees breaching insider trading laws. The webinar takes place on 1 September 2021, from 4:00 pm. The post The compliance challenges of hybrid working appeared first on IT Governance UK Blog.

Compliance 119

Compliance Data breaches Privacy Risk 119

The Last Watchdog

NOVEMBER 9, 2020

IoT-enabled scams and hacks quickly ramped up to a high level – and can be expected to accelerate through 2021 and beyond. In one very recent caper, the attackers targeted the CFO of a financial services firm, as he worked from home, Sherman says. This column originally appeared on Avast Blog.).

IoT 279

IoT Passwords Artificial Intelligence Risk 279

IBM Big Data Hub

SEPTEMBER 27, 2022

Whether it be financial services, employee hiring, customer service management or healthcare administration, AI is increasingly powering critical workflows across all industries. In a 2021 study by the IBM Institute of Business Value , nearly 75% of executives ranked AI ethics as important, a jump from less than 50% in 2018.

Government 52

Government Compliance Data science Financial Services 52

KnowBe4

MARCH 28, 2023

Blog post with links: [link] [Live Demo] Ridiculously Easy Security Awareness Training and Phishing Old-school awareness training does not hack it anymore. The proportion of total Secureworks IR engagements where the threat actor used phishing as the IAV increased significantly from 2021," the researchers write.

Phishing 81

Phishing Security awareness Insurance Cybersecurity 81

Data Matters

FEBRUARY 25, 2021

On January 28, 2021, the UK Financial Conduct Authority (FCA) published Consultation Paper CP21/3 , “Changes to the SCA-RTS and to the guidance in ‘Payment Services and Electronic Money – Our Approach’ and the Perimeter Guidance Manual” (Consultation Paper). Next steps. 1 See further our Update of May 4, 2020. 3 At PERG 15.

Authentication 68

Authentication Paper Risk Insurance 68

Data Protection Report

SEPTEMBER 28, 2021

On 10 September 2021, the UK Government published its consultation paper on proposals to reform the UK’s data protection regime. The deadline for responding to the consultation is 19 November 2021. It has seized it with gusto, announcing more than 70 proposals and calls for views and publishing its economic analysis of expected impact.

Government 120

Government FOIA GDPR Compliance 120

KnowBe4

FEBRUARY 14, 2023

Blog post with links: [link] [New PhishER Feature] Immediately Add User-Reported Email Threats to Your M365 Blocklist Now there's a super easy way to keep malicious emails away from all your users through the power of the KnowBe4 PhishER platform! Blog post with links: [link] Are Your Users Making Risky Security Mistakes?

Phishing 79

Phishing Security awareness Compliance Risk 79

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

IBM Big Data Hub

FEBRUARY 5, 2024

The rise of check fraud According to the Financial Crimes Enforcement Network (FinCEN), reports of check fraud have more than doubled over the last three years. FinCEN reported 680,000 cases of possible check fraud in 2022, up from 350,000 in 2021 , indicating a 23% increase over 2020.

Financial Services 94

Financial Services Cloud Risk Compliance 94

Info Source

MARCH 16, 2022

That is how we got to where we are today, where subscription-based Capture software licensing (hosted and on-prem or private cloud subscription-based Capture offers) account for more than a quarter of the Capture market in 2021— just slightly below perpetual license sales. We expect a continued growth in adoption, in 2022 and beyond.

Information capture 59

Information capture Marketing Digital transformation Cloud 59

Info Source

MARCH 16, 2022

That is how we got to where we are today, where subscription-based Capture software licensing (hosted and on-prem or private cloud subscription-based Capture offers) account for more than a quarter of the Capture market in 2021— just slightly below perpetual license sales. We expect a continued growth in adoption, in 2022 and beyond.

Information capture 52

Information capture Marketing Digital transformation Cloud 52

Data Matters

NOVEMBER 2, 2021

Interestingly, the ProShares Bitcoin Strategy ETF that started trading on October 19, 2021, tracks the price of Bitcoin futures traded on the CME. In fact, in Q3 of 2021, ISDA initiated a survey among its members about digital assets trading over the prior 12 months as a step toward developing a whitepaper for this emerging asset class.

Blockchain 88

Blockchain Marketing Access Risk 88

The Last Watchdog

MARCH 14, 2022

Related: What happened to privacy in 2021. Financial services, health, home security, governance and all other mission critical services are now provided online. We have on average 67 applications on our mobile phones, seven social media accounts and more than 120 online accounts. Our children now take classes online.

Privacy 223

Privacy Artificial Intelligence Financial Services Archiving 223

Info Source

SEPTEMBER 15, 2023

KEY TAKEAWAYS Globally end customer organisations invested over 6 Billion US$ into Capture and IDP solutions in 2021. Demand in North America increased by high single digits in 2022 after a particularly strong 2021. Sales in Asia recovered after two difficult years caused by the pandemic.

Information capture 52

Information capture Marketing Records Management Customer Experience 52

IBM Big Data Hub

OCTOBER 23, 2023

Between 2020 and 2022, the financial services sector saw “fines in excess of 75 million US dollars in response to IT and cloud-specific failures” levied against major banks. [3] Read more on how to make business resilience the new norm [1] The new era of cloud security , IBM Institute for Business Value, 23 March 2021. [2]

Cloud 91

Cloud Risk Compliance Data breaches 91

Reltio

FEBRUARY 3, 2021

Gartner published its 2021 edition of the Magic Quadrant for Master Data Management Solutions. . Of the 15 MDM solution providers in the Magic Quadrant for Master Data Management Solutions, 2021 , only Reltio can meet this preference. No developments after June 30, 2020 influence Gartner’s evaluations in the 2021 MDM MQ.

MDM 98

MDM Cloud Marketing B2C 98

erwin

MARCH 18, 2021

The role of chief data officer (CDO) is becoming essential at forward-thinking organizations — especially those in financial services — according to “ The Evolving Role of the CDO at Financial Organizations: 2021 Chief Data Officer (CDO) Study ” just released by FIMA and sponsored by erwin.

Metadata 82

Metadata Compliance Government Financial Services 82

The Last Watchdog

MAY 26, 2022

For example, in 2021 the Colonial Pipeline was hacked, and the company decided to pay $5 million in ransom since most of the East Coast’s fuel supply was shut down. Panicked East Coast Americans began hoarding gas due to a major disruption in fuel supply.

Ransomware 305

Ransomware Government Agriculture Encryption 305

erwin

MARCH 18, 2021

The role of chief data officer (CDO) is becoming essential at forward-thinking organizations — especially those in financial services — according to “ The Evolving Role of the CDO at Financial Organizations: 2021 Chief Data Officer (CDO) Study ” just released by FIMA and sponsored by erwin.

Metadata 64

Metadata Compliance Government Financial Services 64

Krebs on Security

DECEMBER 14, 2023

“I’m looking for people with their own not-recently-registered accounts on forums, (except for search) Social networks, Twitter, blogs, their websites. Mr. Zhabykin soon moved on to bigger ventures, co-founding a cryptocurrency exchange based in Moscow’s financial center called Suex. WHERE ARE THEY NOW?

Computer and Electronics 223

Computer and Electronics Marketing Sales Healthcare 223

Data Matters

DECEMBER 28, 2020

The International Insurance Relations (G) Committee will be scheduling a conference call in early 2021 to discuss the NAIC’s comments to the IAIS’ draft document ahead of the January 22 comment deadline. These revisions are exposed for comment until January 11, 2021. NAIC Re-exposes Revisions to SSAP No. Revisions to SSAP No.

Insurance 68

Insurance Paper Risk Analytics 68

Data Matters

NOVEMBER 22, 2021

On November 18, 2021, a group of federal bank regulators announced a final rule requiring banks to notify their primary federal regulator of any “significant computer-security incidents.” Further, bank service providers are now required to promptly notify all affected banks whenever a cybersecurity disruption lasts for four or more hours.

Cybersecurity 117

Cybersecurity Insurance Financial Services Marketing 117