Top predictions for financial services in 2023
OpenText Information Management
JANUARY 5, 2023
With inflation, rising interest rates and general economic uncertainty, last year presented several challenges for financial services institutions (FSIs).
Accelerate hybrid cloud transformation through IBM Cloud for Financial Service Validation Program
IBM Big Data Hub
APRIL 4, 2024
This shift is a significant change in their business models, moving from a capital expenditure approach to an operational expenditure approach, allowing financial organizations to focus on their primary business. IBM Cloud Framework for Financial services is uniquely positioned for that, meeting all these requirements.
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Trending Sources
AI Governance: Break open the black box
IBM Big Data Hub
OCTOBER 4, 2022
Today, AI presents an enormous opportunity to turn data into insights and actions, to amplify human capabilities, decrease risk and increase ROI by achieving break through innovations. Customers, employees and shareholders expect organizations to use AI responsibly, and government entities are demanding it. The solution: AI Governance.
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Historic Charges: First Enforcement Action Filed by New York Department of Financial Services Under Cybersecurity Regulation
Data Matters
AUGUST 19, 2020
On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.
Top 7 Data Governance Blog Posts of 2018
erwin
DECEMBER 20, 2018
The driving factors behind data governance adoption vary. Whether implemented as preventative measures (risk management and regulation) or proactive endeavors (value creation and ROI), the benefits of a data governance initiative is becoming more apparent. Defining Data Governance. www.erwin.com/blog/defining-data-governance/.
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CFPB’s Proposed Data Rules
Schneier on Security
JANUARY 31, 2024
The rules would ensure people can obtain their own financial data at no cost, control who it’s shared with and choose who they do business with in the financial industry. The best way for financial services firms to meet the CFPB’s rules would be to apply the decoupling principle broadly.
Black Friday and Cyber Weekend: Navigating the Tumultuous Waters of Retail Cybersecurity
Thales Cloud Protection & Licensing
NOVEMBER 20, 2023
The IBM 2023 Cost of a Data Breach Report , for example, highlights the continuous financial burden on retailers, which, coupled with potential reputational damage, emphasizes the dire need for retailers to prioritize and bolster their cybersecurity measures. Governments: Look to global benchmarks.
Retail 83
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Top 10 Governance, Risk and Compliance (GRC) Vendors
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 57
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Bring light to the black box
IBM Big Data Hub
MAY 9, 2023
Today, AI presents an enormous opportunity to turn data into insights and actions, to help amplify human capabilities, decrease risk and increase ROI by achieving break through innovations. It drives an AI governance solution without the excessive costs of switching from your current data science platform.
Data science 77
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#ModernDataMasters: Nicola Askham, The Data Governance Coach
Reltio
SEPTEMBER 24, 2019
Nicola Askham is the leading data governance training provider in the UK with over 16 years of experience and research in the field. She delivers training and consulting to major organisations to help them implement full data governance frameworks. ” However, I got into data governance totally by accident.
Government 55
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MITRE ResilienCyCon: You Will Be Breached So Be Ready
eSecurity Planet
NOVEMBER 17, 2022
The answer, based on a couple of presentations at the conference, is that patching is incredibly difficult to get right, requiring way more attention than most companies can afford to give it. Art Ocain, VP for Cybersecurity and Incident Response at Airiam, noted that the managed security services provider patches as often as 10 times a day.
Cloud 115
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Spigraph, Everteam & ImageFast Provide Critical Information Governance Solutions to European Market
Everteam
APRIL 2, 2019
To support organizations in their efforts to manage their information properly, Spigraph is making two Everteam governance products available: everteam.discover and everteam.policy: everteam.discover is a file and content analytics solution that connects to both structured and unstructured data repositories across the organization.
U.S., U.K. Sanction 7 Men Tied to Trickbot Hacking Group
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. report from 2016 said investigators from Mikhaylov’s unit and Kaspersky Lab were present at the film company raid].
Ransomware 191
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Tackling Data Sovereignty with DDR
Security Affairs
JUNE 20, 2023
Data sovereignty also encompasses the rights and regulations governing data storage, processing, and transfer and often intersects with privacy, security, and legal considerations. The evolving threat landscape presents additional challenges, including the rise of sophisticated cyberattacks.
Compliance 87
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How Long Should I Keep This Business Record For?
AIIM
MARCH 3, 2020
Too often I hear one of two, equally bad answers: Keep Records for Seven years: This seems to be the de facto answer, especially for financial services records. Internal Revenue Service rules around when they can audit individual and corporate tax returns. As near as I can tell, this comes from the U.S. BIG DATA!!!
Top 4 takeaways from the Gartner Data and Analytics Conference
Collibra
MAY 14, 2021
This conference brought together data and analytics leaders from top industries such as government, banking, financial services, insurance, and manufacturing. Gartner emphasized and reiterated the concept of adaptation in a number of presentations.
Analytics 59
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Multinational ICICI Bank leaks passports and credit card numbers
Security Affairs
APRIL 20, 2023
ICICI Bank leaked millions of records with sensitive data, including financial information and personal documents of the bank’s clients. ICICI Bank, an Indian multinational valued at more than $76 billion, has more than 5,000 branches across India and is present in at least another 15 countries worldwide.
Capital Markets, AI, and the need for governance
Collibra
OCTOBER 31, 2023
With business and technology leaders from around the globe exploring how data fuels the industry, and presentations on everything related to accelerating financial data pipelines and delivering data in the cloud, the event offered executive thought leadership on emerging technologies. Already using AI?
Marketing 87
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Navigating the digital wave: Understanding DORA and the role of confidential computing
IBM Big Data Hub
FEBRUARY 5, 2024
The Digital Operational Resilience Act (DORA) marks a significant milestone in the European Union’s (EU) efforts to bolster the operational resilience of the financial sector in the digital age.
Encryption 73
73 
The Week in Cyber Security and Data Privacy: 6 – 12 November 2023
IT Governance
NOVEMBER 13, 2023
The post The Week in Cyber Security and Data Privacy: 6 – 12 November 2023 appeared first on IT Governance UK Blog. According to BleepingComputer , the ALPHV/BlackCat ransomware group took responsibility for an attack on McLaren’s network on 4 October. “DP In the meantime, if you missed it, check out last week’s round-up.
Data Privacy 85
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NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’
The Last Watchdog
JANUARY 30, 2019
Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.
Risk 147
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The compliance challenges of hybrid working
IT Governance
AUGUST 26, 2021
For example, financial services firms may be worried about employees breaching insider trading laws. If you’re unable to make it, the video will be available to download from our website shortly after the presentation. The post The compliance challenges of hybrid working appeared first on IT Governance UK Blog.
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ABBYY Opens Office in Hong Kong to Strengthen Presence in Asia
Info Source
JULY 16, 2019
ABBYY is currently present in most countries in Asia with long-established offices in Taiwan and Japan and through its strong partner network. ABBYY has long been active in the Asia-Pacific markets with many successful large-scale implementations in banking and financial services, insurance, telecom, government, and other verticals.
Alaris Furthers Commitment to Channel by Hosting Annual Partner Summit
Info Source
MAY 8, 2019
The summit featured presentations by Alaris senior executives, marketing teams and strategic partners. Event highlights included a solutions expo with a series of interactive demos of real-world solutions for government, healthcare and financial services.
NEW TECH: Cequence Security deploys defense against botnets’ assault on business logic
The Last Watchdog
MARCH 26, 2019
Pick any company in any vertical – financial services, government, defense, manufacturing, insurance, healthcare, retailing, travel and hospitality – and you’ll find employees, partners, third-party suppliers and customers all demanding remote access to an expanding menu of apps — using their smartphones and laptops.
Security 145
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What is Cybersecurity Risk Management?
eSecurity Planet
FEBRUARY 11, 2022
Some organizations such as financial services firms and healthcare organizations, have regulatory concerns in addition to business concerns that need to be addressed in a cybersecurity risk management system. Also read : Top Governance, Risk, and Compliance (GRC) Tools for 2022. Maintaining Regulatory Compliance.
Risk 127
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Top GRC Tools & Software for 2021
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
67 
Unlocking the power of chatbots: Key benefits for businesses and customers
IBM Big Data Hub
JANUARY 18, 2024
Reduce operational costs and boost efficiency Chatbots present the option to reduce 24×7 staffing expenses or even eliminate after-hours staffing costs, provided your chatbots can effectively handle most questions. Government Empower citizens to access basic information on paying bills and upcoming events by using chatbots.
Sales 95
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The Intersection of Innovation, Enterprise Architecture and Project Delivery
erwin
MAY 16, 2019
Today there’s an unprecedented, rapid rate of change across all industry sectors, even those that have been historically slow to innovate like healthcare and financial services. Balancing application lifecycle demands against a broader portfolio framework can present an inherent conflict about priorities and a struggle for resources.
Marketing 87
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Discover a unified approach to adaptive data and analytics governance
Collibra
JULY 6, 2022
We haven’t even mentioned compliance challenges, which are especially significant in highly regulated industries like healthcare and financial services. > > See how adaptive data and analytics governance can help. At Collibra, we believe it’s the next big step forward in data governance. Get the ebook.
Analytics 94
94 
Institutional Investor’s Introduction to Blockchain and Digital Asset Investing
Data Matters
NOVEMBER 2, 2021
Building off an existing futures trading relationship and its documentation presents advantages for the institutional investment manager. Some of the larger, well-known cryptocurrency market participants and service providers are beginning to offer institutional versions of their products to investment managers and their funds.
Blockchain 88
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The Privacy Officers’ New Year’s Resolutions
Data Protection Report
JANUARY 6, 2020
The New York State Department for Financial Services regulations require covered entities to have appropriate record retention policies and procedures and the CCPA provides an extra incentive to implement proper information governance to minimise the costs data access requests. In the U.S.,
Privacy 84
84 
6 Best Threat Intelligence Feeds to Use in 2023
eSecurity Planet
AUGUST 10, 2023
FBI InfraGard Best for critical infrastructure security InfraGard is a threat intelligence feed and network partnership between the FBI and other government agencies and interested private sector parties. The massive, crowdsourced approach OTX takes limits the possibility of effective quality assurance. critical infrastructure.
What is a Cyberattack? Types and Defenses
eSecurity Planet
JUNE 16, 2022
These new attacks affect everything from private citizens and businesses to government systems; healthcare organizations; public services; and food, water, and fuel supply chains. Capital markets, insurance, financial services, and banking are now online. This presents a unique opportunity for cyber criminals.
Ransomware 141
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Archives Records 2018 RMS Annual Meeting
The Schedule
AUGUST 22, 2018
2 presentations for SAA student chapters. ” The first speaker was Lauren Gaines from Thrivent Financial, which is a fraternal benefit society and Fortune 500 financial services organization. 2 Google Hangouts. Zotero bibliography project.
Archiving 58
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Takeaways From CCPA Public Forums
Data Matters
FEBRUARY 12, 2019
Establishing rules and procedures governing requests from consumers to opt-out of the sale of personal information, including through the development and use of a recognizable and uniform opt-out logo or button by all businesses to promote consumer awareness of the opportunity to opt-out. Rules for Opt-Out of Sale. What are the next steps?
Sales 74
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The Privacy Officers’ New Year’s Resolutions
Data Protection Report
JANUARY 6, 2020
The New York State Department for Financial Services regulations require covered entities to have appropriate record retention policies and procedures and the CCPA provides an extra incentive to implement proper information governance to minimise the costs data access requests. In the U.S.,
Privacy 52
52 
US: Coronavirus – Cybersecurity considerations for your newly remote workforce
DLA Piper Privacy Matters
APRIL 2, 2020
Working remotely, or “teleworking,” presents unique cybersecurity challenges to the employer, the employee and the supply chain, especially when being done for the first time in a rapidly changing environment. Governments and cybersecurity experts are reporting a surge in COVID-19-related phishing activity. The path forward.
Privacy and Cybersecurity Top 10 for 2018
Data Matters
JANUARY 2, 2018
At present, litigation of this type has typically failed at the pleadings stage due to plaintiffs’ failure to demonstrate the “injury in fact” necessary for Article III standing. In Carpenter , the government obtained months’ worth of a suspect’s cell phone location records pursuant to the Stored Communications Act (SCA).
Data Protection and the Draft EU-UK Withdrawal Agreement: Ten Initial Conclusions
HL Chronicle of Data Protection
NOVEMBER 15, 2018
The draft text of the EU-UK withdrawal agreement was published by the UK Government and the European Union yesterday, providing some of the first concrete indicators of the possible direction of travel in the area of data protection. Analysis of the text has barely started, but some of our initial conclusions are outlined below.
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Ransomware Protection in 2021
eSecurity Planet
FEBRUARY 16, 2021
Only 38% of state and local government employees are trained for ransomware prevention, and only 29% of small businesses have experience with ransomware ( IBM ). Healthcare and financial services are the most attacked industries. We also look into the most dangerous strains today and predictions for 2021. Statistics.
Ransomware 97
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Tuesday’s Relativity Fest 2019 Sessions: eDiscovery Trends
eDiscovery Daily
OCTOBER 21, 2019
Join us to hear examples of failures by a major medical center, a major financial institution, a large federal government agency, and a noted presidential advisor. From law firm, to corporation, to service provider, to government, and beyond. The 2019 International Panel. Why e-discovery?
e-Discovery 45
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8 Interesting Predictions for the Intelligent Information Capture Market in 2022
Info Source
MARCH 16, 2022
That said, a significant number of transactional business inputs continue to arrive in paper form and need to be digitized before they can be processed, which presents a challenge in a home office environment. Infosource analysts track both Capture Software and Capture Hardware devices.
CyberheistNews Vol 13 #13 [Eye Opener] How to Outsmart Sneaky AI-Based Phishing Attacks
KnowBe4
MARCH 28, 2023
At present, the most important area of relevance around AI for cybersecurity is content generation. Per the Ecuadorian government, these attacks were fueled by attempts to intimidate the media. In a statement by Xavier Chango, the National Head of Forensic Science, "It's a military-type explosive, but very small capsules."
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