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Financial services continue to lead in cybersecurity preparedness, but chinks appear in the armor

Thales Cloud Protection & Licensing

Financial services continue to lead in cybersecurity preparedness, but chinks appear in the armor. Thu, 09/01/2022 - 05:15. However, all this attention from cyber criminals, as well as regulators and governments, has produced an extremely resilient industry with some of the best cyber security practices of any sector.

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Risk Management under the DORA Regulation

IT Governance

Although the total number of data breaches – or rather, in those reported – decreased by 24% between 2019 and 2022 in the finance sector, the number of incidents increased by 99%. So to account for seasonality, we’ve only looked at Q2–Q4 for all four years (2019–2022). million (about £4.70

Risk 99
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How to responsibly scale business-ready generative AI

IBM Big Data Hub

Possibilities are growing that include assisting in writing articles, essays or emails; accessing summarized research; generating and brainstorming ideas; dynamic search with personalized recommendations for retail and travel; and explaining complicated topics for education and training. in 2022 and it is expected to be hit around USD 118.06

Retail 64
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ABBYY Opens Office in Hong Kong to Strengthen Presence in Asia

Info Source

billion in 2022. The retail industry and banking are the biggest spenders on AI in the region, with use cases such as fraud analysis and customer-facing process automation enabling self-service and improving customer experience. The Asian market represents a substantial growth opportunity for ABBYY. and Tech Mahindra.

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Was RI Advice a watershed for cybersecurity law in Australia or a damp squib?

Data Protection Report

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.

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CGI-sponsored research covers key trends in adopting instant payments

CGI

In March and April, CGI sponsored a survey by the Financial Services Club - a leading European network for senior financial services executives - to solicit input from 360 club members, including bankers, payment processors, corporates, consultancies, academics and government representatives.

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New CGI-sponsored research covers key trends and issues in adopting instant payments

CGI

In March and April of this year, CGI sponsored a survey by the Financial Services Club—a leading European network for senior financial services executives—that solicited input from 360 club members, including bankers, payment processors, corporates, consultancies, academics and government representatives.