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. 14, 2011). 14, 2011). 20, 2017). 27, 2020). 5 83 FR 8166 (Feb. 15, 2020).

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Cybersecurity Financial Services Risk Compliance 68

Reltio

JUNE 20, 2023

At Reltio, we call this approach modern MDM, which we pioneered back in 2011 with the launch of the industry’s first cloud-native SaaS platform. When done well, master data management (MDM) transforms enterprise data from a chronic source of frustration to its most valuable asset.

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Data Matters

FEBRUARY 25, 2021

The FCA has provided new guidance for PIs and EMIs using the “insurance or comparable guarantee” method of safeguarding. This includes a requirement that the insurance policy or comparable guarantee must pay out for the full amount of any claim regardless of how the relevant insolvency event occurs (including if the firm is at fault).

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Authentication Paper Risk Insurance 68

Krebs on Security

SEPTEMBER 27, 2019

In the criminal complaint against Mann (PDF), a New York FBI agent said the CEO admitted that starting in 2010 or 2011 he began borrowing large sums of money from banks and financing companies under false pretenses. ” “Mann estimated that he fraudulently obtained about $70 million that he has not paid back. .”

Financial Services 251

Financial Services Insurance Cloud IT 251

Data Matters

AUGUST 17, 2021

The Guidance replaces prior FFIEC-issued guidance on risk management practices for financial institutions offering internet-based products: “Authentication in an Internet Banking Environment” (2005) and the “Supplement to Authentication in an Internet Banking Environment” (2011).

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Authentication Access Risk Financial Services 88

eSecurity Planet

AUGUST 13, 2021

Noticing that digital forensic tools used by law enforcement were insufficient, Canadian police officer Jad Saliba founded Magnet Forensics in 2011. For the time being, increasing regulation and scrutiny of sensitive data make banking, financial services, and insurance (BFSI) the fastest-growing segment of the DFS market.

e-Discovery 139

e-Discovery Computer and Electronics Marketing Compliance 139

Data Matters

APRIL 23, 2018

Board-management discussions about cyber risk should include identification of which risks to avoid, which to accept, and which to mitigate or transfer through insurance, as well as specific plans associated with each approach. The 2018 guidance supplements the SEC’s October 13, 2011, CF Disclosure Guidance: Topic No. Principle 5.

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Cybersecurity Risk Passwords Authentication 60