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

Security Affairs

MARCH 14, 2024

The Australian and New Zealand Nissan Corporation and Financial Services (“Nissan”) advises that its systems have been subject to a cyber incident. Current estimates are that up to 10% of individuals have had some form of government identification compromised. reads the statement published by the company on its website. .”

Data breaches 93

Data breaches Financial Services Ransomware Government 93

Hunton Privacy

JULY 1, 2022

On June 24, 2022, the New York State Department of Financial Services (“NYDFS” or the “Department”) announced it had entered into a $5 million settlement with Carnival Corp.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

eSecurity Planet

JANUARY 21, 2021

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. Third-party governance. IT governance and security. Privacy governance and management. Enterprise & operational risk management. Audit management.

Compliance 67

Compliance Risk Government Retail 67

DLA Piper Privacy Matters

FEBRUARY 28, 2022

The Data Protection Commission (DPC) has published its 2021 Annual Report , highlighting key observations, emerging guidance, and large-scale inquiries and decisions of 2021. The DPC received a total of 6,549 valid notifications of personal data breaches in 2021. Financial Services Sector Focus.

Financial Services 97

Financial Services Data breaches Personal data Compliance 97

Security Affairs

DECEMBER 2, 2022

Dollars (USD) and received more than $60 million in ransom payments from over 100 victims worldwide as of August 2022, the US government states. ” Since December 2021 Cuba operators are continuing to target U.S. The threat actors behind the Cuba ransomware (aka COLDDRAW, Tropical Scorpius ) have demanded over 145 million U.S.

Ransomware 83

Ransomware Financial Services Manufacturing Phishing 83

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. But as we inch closer to global economic downturn, the need for top-notch governance has become increasingly urgent. The post 6 benefits of data lineage for financial services appeared first on IBM Blog.

Financial Services 100

Financial Services Cloud Metadata Digital transformation 100

Krebs on Security

FEBRUARY 9, 2023

Department of the Treasury says the Trickbot group is associated with Russian intelligence services, and that this alliance led to the targeting of many U.S. companies and government entities. In September 2021, the Kremlin issued treason charges against Ilya Sachkov , formerly head of the cybersecurity firm Group-IB.

Ransomware 193

Ransomware Government Cybersecurity Blockchain 193

Security Affairs

OCTOBER 13, 2022

The Budworm cyber espionage group (aka APT27 , Bronze Union , Emissary Panda , Lucky Mouse , TG-3390 , and Red Phoenix) is behind a series attacks conducted over the past six months against a number of high-profile targets, including the government of a Middle Eastern country, a multinational electronics manufacturer, and a U.S.

File names 128

File names Financial Services Manufacturing Libraries 128

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. 14, 2022 breach notification letter from tribal lender Mountain Summit Financial. . 16, 2021, the U.S. A portion of the Jan.

Financial Services 217

Financial Services IT Data breaches Authentication 217

Security Affairs

AUGUST 26, 2021

DIVD Chairman Victor Gevers told BleepingComputer that the advisory was originally shared with 68 government CERTs under a coordinated disclosure, but became public after one of them shared it with an organization’s service desk operating in the Financial Services. On 12 August 2021 Kaseya released version 10.5.5-2

Authentication 99

Authentication Financial Services Cloud Security 99

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

Security Affairs

JULY 27, 2021

DIVD Chairman Victor Gevers told BleepingComputer that the advisory was originally shared with 68 government CERTs under a coordinated disclosure, but became public after one of them shared it with an organization’s service desk operating in the Financial Services.

Financial Services 106

Financial Services Authentication Cloud Government 106

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

Thales Cloud Protection & Licensing

NOVEMBER 22, 2021

Tue, 11/23/2021 - 06:13. Digital-only banks and Fintechs are expected to grow “at a compound annual rate of about 23.41%” from 2021-2026. Digital-only banks and Fintechs are expected to grow “at a compound annual rate of about 23.41%” from 2021-2026. The full digitization of contracts, subscriptions and consumption of services.

Digital transformation 71

Digital transformation Financial Services Customer Experience Risk 71

Security Affairs

JUNE 16, 2023

On April 26, 2021, Matveev and his Babuk coconspirators hit the Metropolitan Police Department in Washington, D.C. 16% of the State, Local, Tribal, and Tribunal (SLTT) government ransomware incidents reported to the MS-ISAC is 2022 were LockBit attacks. law enforcement).

Ransomware 85

Ransomware Agriculture Education Government 85

Info Source

FEBRUARY 2, 2021

LOUIS, MO., — February 2, 2021 — KnowledgeLake today announced growth figures for 2020 that highlight the rapid adoption of its cloud-native platform for intelligent document processing that gives organizations control of the entire document lifecycle and the ability to capture, process, and manage almost any document. .

Cloud 59

Cloud ECM Financial Services Manufacturing 59

Data Protection Report

NOVEMBER 16, 2022

BIPA exempts certain types of entities, namely, organizations that are governed by certain federal laws including the X-Ray Retention Act, the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”), and the Gramm-Leach-Bliley Act (“GLBA”). Who is covered by BIPA? 740 ILCS 14/25(b)-(c). DePaul University , Case No.

Financial Services 98

Financial Services Privacy Compliance Insurance 98

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

Security Affairs

MARCH 19, 2022

. “AvosLocker is a Ransomware as a Service (RaaS) affiliate-based group that has targeted victims across multiple critical infrastructure sectors in the United States including, but not limited to, the Financial Services, Critical Manufacturing, and Government Facilities sectors.

Ransomware 97

Ransomware Passwords Encryption Financial Services 97

Info Source

FEBRUARY 15, 2022

Addition of AI-enabled Process Discovery Technology Furthers Nintex’s Position as the Process System of Record for Commercial Enterprises and Government Agencies. 2020 to deepen its digital process automation (DPA) capabilities and AssureSign in June 2021 to bring native eSignatures to its platform, now marketed as Nintex AssureSign ®.

Financial Services 40

Financial Services Marketing Insurance Government 40

Info Source

FEBRUARY 15, 2022

Addition of AI-enabled Process Discovery Technology Furthers Nintex’s Position as the Process System of Record for Commercial Enterprises and Government Agencies. 2020 to deepen its digital process automation (DPA) capabilities and AssureSign in June 2021 to bring native eSignatures to its platform, now marketed as Nintex AssureSign ®.

Financial Services 40

Financial Services Marketing Insurance Government 40

DLA Piper Privacy Matters

APRIL 20, 2021

were published by the PBOC (the PRC banking regulator) and came into force on 8 April 2021. This introduces a data lifecycle security framework, and represents the key guideline for handling personal and other financial information by financial institutions (i.e. This could be a substantial task for some financial institutions.

Compliance 111

Compliance Security Financial Services Data collection 111

Thales Cloud Protection & Licensing

DECEMBER 20, 2023

Initially a driving force in financial services for secure transactions, blockchain now faces the challenge of reshaping its image and functionality. Their forecast suggests that by 2025, 30% of enterprises will have adopted broad-spectrum data security platforms, a significant increase from less than 10% in 2021.

Cybersecurity 83

Cybersecurity Blockchain Artificial Intelligence Encryption 83

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 Protection Report

MAY 25, 2022

The decision has been labelled as a watershed decision in Australia – a ‘first of its kind’ case that puts financial services firms, and more broadly, corporate Australia, on notice that failures to adequately understand and manage cybersecurity and cyber resilience risks will no longer be tolerated by Australia’s regulatory agencies.

Cybersecurity 74

Cybersecurity Risk Financial Services Retail 74

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. the CSL, the DSL and the PIPL) but prevails over all other sectorial and local regulations.

Military 88

Military Artificial Intelligence Security Financial Services 88

Thales Cloud Protection & Licensing

APRIL 1, 2021

Thu, 04/01/2021 - 14:04. Today’s remote working environment relies heavily on the collaborative sharing of information, challenging organizations to maintain the security of confidential data and regulatory compliance while driving employee productivity.

Encryption 79

Encryption Compliance Cloud GDPR 79

eSecurity Planet

JUNE 16, 2022

The 2022 SonicWall Cyber Threat Report found that all types of cyberattacks increased in 2021. These new attacks affect everything from private citizens and businesses to government systems; healthcare organizations; public services; and food, water, and fuel supply chains. Also read: Best Antivirus Software of 2022.

Ransomware 141

Ransomware Cybersecurity Phishing Encryption 141

eSecurity Planet

APRIL 8, 2021

There are also many specific use cases for education, healthcare, manufacturing, government and financial services. Recommended: Best SIEM Tools & Software for 2021. Each solution places a heavy emphasis on auditing and reporting, which is valuable for organizations that are subject to strict compliance regulations.

Cloud 52

Cloud Financial Services Compliance Manufacturing 52

Reltio

DECEMBER 10, 2021

The recent report, The Forrester Wave™: Master Data Management , Q4 2021 notes that “Master data management helps accelerate digital transformation initiative.” The Forrester Wave™ for Master Data Management Q4 2021 report calls out that: “ Reltio is a one-stop shop for MDM deployment with advanced capabilities.

MDM 98

MDM Analytics Digital transformation Cloud 98

IT Governance

AUGUST 26, 2021

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

Data Protection Report

AUGUST 18, 2021

On 17 August 2021, the State Council of China published the R egulation on Protection of Security of Critical Information Infrastructure ( CII Security Regulation ). Given the more onerous obligation on CII operators, we are constantly asked the same key question by our clients who do business in China: “Am I a CII operator?”.

Financial Services 52

Financial Services Data collection Security Communications 52

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

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). not to include uncommitted intragroup liquidity facilities.

Authentication 68

Authentication Paper Risk Insurance 68

DLA Piper Privacy Matters

AUGUST 23, 2021

In good news for organisations handling personal information, China’s Personal Information Protection Law (“ PIPL ”) was finalised on 20 August 2021, and will come into force on 1 November 2021. Internal governance policies and procedures : organisations must establish internal management regulations or standards.

Data Privacy 111

Data Privacy Privacy Compliance Analytics 111

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