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Summary – “Industry in One: Financial Services”

ARMA International

This article summarizes a report published by AIEF on June 26, 2019. The scope of a records and information management (RIM) program in financial services can seem overwhelming. Shaped by several financial catastrophes of modern history, such as the Great Depression of 1929 and the Great Recession of 2007, the U.S.

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Iran-linked APT group Pioneer Kitten sells access to hacked networks

Security Affairs

“The adversary is particularly interested in exploits related to VPNs and network appliances , including CVE-2019-11510, CVE-2019-19781, and most recently CVE-2020-5902; reliance on exploits such as these lends to an opportunistic operational model.” ” reads the report published by Crowdstrike. Pierluigi Paganini.

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Risk Management under the DORA Regulation

IT Governance

Although the total number of data breaches – or rather, in those reported – decreased by 24% between 2019 and 2022 in the finance sector, the number of incidents increased by 99%. So to account for seasonality, we’ve only looked at Q2–Q4 for all four years (2019–2022). million (about £4.70

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News Alert: W3C advances technology to streamline payment authentication

The Last Watchdog

Customer authentication For the past 15 years, e-commerce has increased as a percentage of all retail sales. In 2019 the Web Payments Working Group began work on Secure Payment Confirmation to help fulfill Strong Customer Authentication requirements with low checkout friction.

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Regulatory Update: NAIC Summer 2019 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2019 National Meeting (Summer Meeting) in New York City from August 3 to 6, 2019. The amended regulation took effect on August 1, 2019, for annuity products and will become effective on February 1, 2020, for life insurance products.

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California IT service provider Synoptek pays ransom after Sodinokibi attack

Security Affairs

Synoptek has more than 1,100 customers across multiple industries, including local governments, financial services, healthcare, manufacturing, media, retail and software. . ” T he IT service provider confirmed the attack but did not comment on whether it paid the ransom asked by the crooks.

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NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’

The Last Watchdog

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.

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