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Building for operational resilience in the age of AI and hybrid cloud

IBM Big Data Hub

Organizations in the financial services, healthcare and other regulated sectors must place an even greater focus on managing risk—not only to meet compliance requirements, but also to maintain customer confidence and trust. This includes cyber incidents, technology failures, natural disasters and more.

Cloud 72
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How financial institutions can deliver value from investment in digital operational resilience

IBM Big Data Hub

The Digital Operational Resilience Act (DORA) is a landmark piece of legislation in the European Union (EU) that is designed to help fortify the operational resilience of the financial sector, making it fit for purpose in the digital age. On the surface, this might seem to complicate matters.

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Improve your data relationships with third parties

Collibra

Regulators are focusing on the data relationships financial services organizations have with third parties, including how well personal information is being managed. Exploring third party data relationship risk. For example, in December 2019, Outsourcing and Third Party Risk Management was launched by the Bank of England.

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Enterprise Architecture: Secrets to Success

erwin

M&A, new markets, products and businesses). Emerging Markets : What opportunities align to our business (e.g., managing risk vs ROI and emerging countries)? operating strategy, global business services and shared services)? Data Overload : How do we find and convert the right data to knowledge (e.g.,

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Proposed Amendments to NY Financial Services Cybersecurity Regulations Impose New Obligations on Large Entities, Boards of Directors and CISOs

Hunton Privacy

On July 29, 2022, the New York Department of Financial Services (“NYDFS”) posted proposed amendments (“Proposed Amendments”) to its Cybersecurity Requirements for Financial Services Companies (“Cybersecurity Regulations”). As part of the “risk assessment” requirements under Section 500.9

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NYDFS proposes significant cybersecurity regulation amendments

Data Protection Report

On July 29, 2022, the New York Department of Financial Services (NYDFS) announced a “pre-proposed outreach” of material proposed changes to almost every section of its cybersecurity regulations, and would affect each entity covered by the current regulations of 23 NYCRR Part 500. Governance. Cybersecurity Risk Assessments.

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Weekly podcast: banks, Thomas Cook, London cyber court and Facebook

IT Governance

This week, we discuss operational resilience in the banking and financial market infrastructures sectors, a data breach affecting Thomas Cook subsidiaries, London’s proposed new court building and the latest development in the Facebook/Cambridge Analytica scandal. Hello and welcome to the IT Governance podcast for Friday, 13 July.