Hunton Privacy

SEPTEMBER 13, 2022

On September 8, 2022, the Federal Trade Commission hosted a virtual public forum on its Advanced Notice of Proposed Rulemaking (“ANPR”) concerning “commercial surveillance and lax data security.” The industry panel was moderated by FTC Senior Advisor Olivier Sylvain and focused in part on how the FTC should structure a potential rule.

Security 101

Security Privacy IT Information Security 101

The Last Watchdog

MARCH 4, 2024

Charities and nonprofits are particularly vulnerable to cybersecurity threats, primarily because they maintain personal and financial data, which are highly valuable to criminals. These worrying statistics underscore the need to be more proactive in preventing security breaches. Keep software updated. Strengthen authentication.

Cybersecurity 184

Cybersecurity Risk Authentication Data breaches 184

Thales Cloud Protection & Licensing

NOVEMBER 13, 2023

Defending Financial Services Against Fraud in a Shifting Cyber Landscape sparsh Tue, 11/14/2023 - 05:05 As we approach International Fraud Awareness Week during 12-18 November 2023, taking stock of the evolving threat landscape and the vulnerabilities that financial services organizations face is crucial. billion annually.

Financial Services 104

Financial Services Blockchain Encryption Cloud 104

Security Affairs

MAY 28, 2023

Swiss electrification and automation technology giant ABB confirmed it has suffered a data breach after a ransomware attack. Once discovered the security breach, ABB closed VPN connections with its customers to prevent the threat from spreading. The company has fully recovered from the security breach, all factories are operating.

Data breaches 97

Data breaches Ransomware Access Cybersecurity 97

Krebs on Security

DECEMBER 10, 2020

Since then reams of data stolen from the company have been posted online, with the attackers promising to publish more in the coming days. But the company says the malware did not jeopardize card data, and that the incident was limited to administrative areas of its business. Headquartered in Columbus, Ga., Total System Services Inc.

Ransomware 322

Ransomware Financial Services Access IT 322

Security Affairs

JANUARY 21, 2022

Researchers spotted several spyware campaigns targeting industrial enterprises to steal credentials and conduct financial fraud. Researchers from Kaspersky Lab have uncovered multiple spyware campaigns that target industrial firms to steal email account credentials and carry out fraudulent activities. Pierluigi Paganini.

Phishing 97

Phishing Metadata Communications Marketing 97

IBM Big Data Hub

MARCH 20, 2024

For highly regulated industries, these challenges take on an entirely new level of expectation as they navigate evolving regulatory landscape and manage requirements for privacy, resiliency, cybersecurity, data sovereignty and more. This means actively minimizing downtime and closing gaps in the supply chain to remain competitive.

Cloud 81

Cloud Financial Services Risk Business Services 81

The Last Watchdog

SEPTEMBER 25, 2023

If you’re a small business looking for the secret sauce to cybersecurity, the secret is out: start with a cybersecurity policy and make the commitment to security a business-wide priority. Financial information is one of the most frequently targeted areas, so it’s crucial your cybersecurity policies start with your finance team.

Cybersecurity 200

Cybersecurity Data breaches Compliance Phishing 200

Rocket Software

MARCH 14, 2022

Analyst firm IDC recently published a Vendor Spotlight report featuring ASG Mobius Content Services (Mobius) and its applications in the financial service and insurance industries. IDP Trends in the Financial and Insurance Industries. Challenges to Effective IDP.

Financial Services 82

Financial Services Insurance Digital transformation Paper 82

IBM Big Data Hub

NOVEMBER 7, 2023

Recent advances in areas like AI and quantum computing offer transformative potential for businesses, but may also bring new risks and security challenges. IBM is working to address these challenges and evolving threats by helping organizations support highly secure, resilient and durable storage through technology like Cloud Object Storage.

Cloud 87

Cloud Financial Services Security Compliance 87

Schneier on Security

JANUARY 31, 2024

In October, the Consumer Financial Protection Bureau (CFPB) proposed a set of rules that if implemented would transform how financial institutions handle personal data about their customers. Beyond these economic effects, the rules have important data security benefits.

Financial Services 94

Financial Services Privacy Personal data Marketing 94

Thales Cloud Protection & Licensing

MARCH 23, 2021

The Hand of Amazon: How the financial industry must keep up. It is important to highlight that biometrics has long been able to address the convenience and the security needed to enable innovative and safe payment experiences, so it is great to see these developments continuing. Meeting Security Concerns and building trust.

Retail 77

Retail Education Encryption Authentication 77

The Last Watchdog

FEBRUARY 15, 2024

15, 2024 – Harter Secrest & Emery LLP , a full-service business law firm with offices throughout New York, is pleased to announce that it has been selected as a NetDiligence-authorized Breach Coach ® , a designation only extended to law firms that demonstrate competency and sophistication in data breach response. Greene Led by partner F.

Data breaches 100

Data breaches Financial Services Big data Retail 100

The Last Watchdog

JULY 11, 2023

When it comes to alternative asset trading, protecting investor data is of critical importance. Related: Preserving the privacy of the elderly As more traders and investors engage in these investment avenues, it is crucial to adopt robust security measures to safeguard sensitive and regulated information.

IT 161

IT Encryption Risk Financial Services 161

IBM Big Data Hub

FEBRUARY 22, 2024

While AI can undoubtedly offer a competitive edge to organizations that effectively leverage its capabilities, we have seen unique concerns from industry to industry and region to region that must be considered—particularly around data. And our work doesn’t stop there.

Cloud 80

Cloud Computer and Electronics Compliance Financial Services 80

The Last Watchdog

AUGUST 3, 2023

3, 2023 — Vaultree, a cybersecurity leader pioneering Fully Functional Data-In-Use Encryption (FFDUE), today announces a strategic integration with Tableau, a renowned platform for data visualization and business intelligence. San Francisco and Cork, Ireland, Aug. Today, we’re making that future a reality.”

Encryption 100

Encryption Analytics Data Privacy Cybersecurity 100

IBM Big Data Hub

APRIL 4, 2024

The cloud represents a strategic tool to enable digital transformation for financial institutions As the banking and other regulated industry continues to shift toward a digital-first approach, financial entities are eager to use the benefits of digital disruption. Banks want to tap into these new innovations.

Financial Services 61

Financial Services Cloud Compliance Digital transformation 61

The Last Watchdog

JANUARY 13, 2022

Last month’s $125 million Security and Exchange Commission (SEC) fine combined with the $75 million U.S. Commodity Futures Trading Commission (CFTC) fine against JPMorgan sent shockwaves through financial and other regulated customer-facing industries. Related: Why third-party risks are on the rise. Insecure platforms.

Compliance 227

Compliance Customer Experience Communications Archiving 227

Data Matters

JUNE 17, 2020

The Report provides an overview of AI technology, explores its diverse, multifaceted applications in the securities industry and identifies the challenges and legal considerations with leveraging this technology. FINRA requests industry feedback on topics covered in the Report by August 31, 2020. Data Governance.

Artificial Intelligence 74

Artificial Intelligence IT Risk Privacy 74

Security Affairs

SEPTEMBER 4, 2023

A distributed denial-of-service (DDoS) attack took the site of the German Federal Financial Supervisory Authority (BaFin) down. A distributed denial-of-service (DDoS) attack took the site of the German Federal Financial Supervisory Authority (BaFin) down for some days.

Financial Services 131

Financial Services Military Insurance Marketing 131

Krebs on Security

JUNE 18, 2021

In May 2019, KrebsOnSecurity broke the news that the website of mortgage settlement giant First American Financial Corp. NYSE:FAF ] was leaking more than 800 million documents — many containing sensitive financial data — related to real estate transactions dating back 16 years. First American Financial Corp.

Insurance 265

Insurance Risk Financial Services Mining 265

Thales Cloud Protection & Licensing

FEBRUARY 21, 2024

Unfortunately, API attacks are increasing as vectors for security incidents. In particular, the Telcom industry has fallen victim to several high-profile API attacks. In this blog, we will explain the unique data security challenges for Telcos and three ways how both Thales and Red Hat can help them protect against future API attacks.

Encryption 139

Encryption Cloud Access Government 139

Krebs on Security

DECEMBER 13, 2022

Meanwhile, the hackers responsible are communicating directly with members through the InfraGard portal online — using a new account under the assumed identity of a financial industry CEO that was vetted by the FBI itself. The CEO in question — currently the head of a major U.S.

Sales 359

Sales Energy and Utilities Communications Data breaches 359

IBM Big Data Hub

NOVEMBER 14, 2023

.” This cloud-native development and testing environment for z/OS applications is revolutionizing the modernization process by enabling secure DevSecOps practices. The platform can be automated through a standardized framework validated for Financial Services, leveraging the IBM Cloud Security and Compliance Center service (SCC).

Financial Services 102

Financial Services Cloud Compliance Digital transformation 102

The Last Watchdog

JUNE 23, 2022

Securities and Exchange Commission (SEC) is taking steps to crack down on insufficient cyber risk reporting. Cyber risk officers can use FAIR to quantify cyber risk in financial terms, a language familiar to business executives and boards of directors. Related : Making third-party risk audits actionable. Fostering understanding.

Risk 221

Risk Cybersecurity Security IT 221

The Last Watchdog

OCTOBER 8, 2018

In today’s geopolitical terrain, nation-state backed cyber criminals are widening their targets and starting to zero in on their adversaries’ business and industrial sectors, using more and more sophisticated weaponry to do so. And the risks are multiplying as more digital devices become connected in insufficiently secured environments.

Military 117

Military Healthcare Phishing Security 117

IBM Big Data Hub

APRIL 18, 2023

ISO 20022 is a global standard for financial messaging that aims to standardize electronic data interchange between financial institutions. It provides a structured way of exchanging data for financial transactions, including payments, securities and trade services. Real-Time Payments and Wire Transfer).

Analytics 118

Analytics Customer Experience Compliance Risk 118

Security Affairs

DECEMBER 4, 2018

Society’s dependence on internet-based technologies means security professionals must defend against cyberattacks as well as more traditional threats, such as robbers or disgruntled employees. However, cybercriminals target some industries at disproportionally high rates. Here are four of them: 1. Health Care. million people.

Retail 98

Retail Cybersecurity Data breaches Risk 98

Krebs on Security

JULY 23, 2020

In May 2019, KrebsOnSecurity broke the news that the website of mortgage title insurance giant First American Financial Corp. First American Financial Corp. First American Financial Corp. First American’s stock price fell more than 6 percent the day after news of their data leak was published here. Santa Ana, Calif.-based

Insurance 284

Insurance Financial Services Mining Access 284

Hunton Privacy

FEBRUARY 15, 2024

Recent developments in the Shanghai Pilot Free Trade Zone to facilitate cross-border data transfers are expected to provide greater flexibility in exporting data from China, which has been stymied by the Cyberspace Administration of China (“CAC”)’s strict cross-border data transfer regulations proposed in December 2023.

Government 121

Government Compliance Security Cloud 121

Rocket Software

AUGUST 17, 2020

Depending on what industry you’re in, your approach to security may be very different. For some sectors, like finance, security and data protection are top of mind for everything that is done. Financial services organizations typically experience the most data breaches and hacks, which makes security a priority.

Authentication 52

Authentication Financial Services Passwords Insurance 52

Krebs on Security

AUGUST 14, 2020

The “RCM” portion of its name refers to “revenue cycle management,” an industry which tracks profits throughout the life cycle of each patient, including patient registration, insurance and benefit verification, medical treatment documentation, and bill preparation and collection from patients.

Ransomware 358

Ransomware Insurance Phishing IT 358

Krebs on Security

JULY 21, 2023

But one aspect of that vaunted list that hasn’t shifted much since is that very few of these companies list any security professionals within their top executive ranks. But organizations that do not offer this coverage to their security leaders are unlikely to list those positions in their highest ranks, Schreider said.

Security 201

Security Risk Insurance Cybersecurity 201

The Last Watchdog

JANUARY 28, 2024

However, over the past 20 years the practice of analyzing user data hasn’t advanced much beyond serving the business models of these tech giants. Rising data privacy regulations underscores the need for such a capability, Boyle told me. This, in turn, has led to rising data privacy regulations. That could be about to change.

Privacy 218

Privacy Data Privacy GDPR Personal data 218

IBM Big Data Hub

JANUARY 10, 2024

Hybrid cloud has become the dominant approach for enterprise cloud strategies , but it comes with complexity and concerns over integration, security and skills. To address these concerns the industry is embracing container runtime environments to abstract away infrastructure.

Security 78

Security Cloud Data Privacy Financial Services 78

Thales Cloud Protection & Licensing

JANUARY 16, 2024

Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds madhav Wed, 01/17/2024 - 05:46 The Digital Operational Resilience Act (DORA) will apply to the EU financial sector from 17 January 2025. As set out in its Article 2, DORA applies to the entire financial services sector.

Financial Services 83

Financial Services Cloud Cybersecurity Encryption 83

Security Affairs

SEPTEMBER 17, 2023

One of Thailand’s major digital financial platforms, CardX , recently disclosed a data leak that affected their customers. The company assures that this information cannot be used for financial transactions. The company has confirmed that there has been no impact on customers’ financial information.

Cybersecurity 130

Cybersecurity Access Security IT 130