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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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The Week in Cyber Security and Data Privacy: 30 October – 5 November 2023

IT Governance

Most documents date from 2019 and 2020, and contain Social Security numbers, employees’ salaries, birthdates, addresses, phone numbers and other personal data. Compromised data included names, Social Security numbers, and health/medical insurance plan numbers.

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How to prioritize data strategy investments as a CDO

IBM Big Data Hub

Mitigating risk. A CDO’s priority is not just to learn the strategic needs of the business and senior leadership, but also to implement a data strategy that helps leaders achieve their goals faster and embrace data as a competitive advantage. Expanding the bottom line by making operations more efficient. A data-literate culture.

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

IT Governance

The Bank of England, the PRA (Prudential Regulation Authority) and the FCA (Financial Conduct Authority) have asked the UK’s banks and financial services firms to report on their exposure to operational risks, such as cyber attacks, and explain how they would respond to system failures, such as those recently faced by Visa and TSB.