Data Matters

SEPTEMBER 6, 2022

Amendments to CCPA passed by voters at the end of 2020 through the California Privacy Rights Act (CPRA) extended the sunset date an additional year through the end of 2022. New CCPA Enforcement Case Examples – Opt Outs, GPC, Clarity & Functionality Are Top of Mind.

Privacy 197

Privacy B2B Sales Compliance 197

IT Governance

NOVEMBER 23, 2023

2019 (Q2–Q4) 2020 (Q2–Q4) 2021 (Q2–Q4) 2022 (Q2–Q4) Data breaches 855 752 (-12%) 630 (-16%) 648 (+3%) Cyber attacks 143 245 (+71%) 230 (-6%) 285 (+23%) Note 1: The ICO data set only provides the numbers for Q2 2019 until Q4 2022. million) for the financial sector – 33% more than the average across all sectors. million (about £4.70

Risk 104

Risk Data breaches Authentication Financial Services 104

The Last Watchdog

JUNE 15, 2023

for example, Microsoft merchant experiences with SCA under PSD2 ). Stripe conducted a pilot with an early implementation of SPC and, in March 2020 reported that, compared to one-time passcodes (OTP), SPC authentication led to an 8% increase in conversions at the same time checkout was 3 times faster.

Authentication 100

Authentication Communications Financial Services Retail 100

Data Matters

MARCH 28, 2022

Department of Health and Human Service’s Office for Civil Rights (“OCR”) issued industry guidance for Health Insurance Portability and Accountability Act (“HIPAA”) regulated entities to take preventative steps to protect against some of the more common, and often successful, cyber-attack techniques.

Cybersecurity 88

Cybersecurity Privacy Insurance Risk 88

IBM Big Data Hub

AUGUST 9, 2023

Let’s look at web applications within smaller systems applications as an example. A notable example of the importance of observability occurred in 2012 when a financial services firm lost $400+ million in less than an hour due to a software glitch. This catastrophic failure was caused by a code deployment error.

Financial Services 64

Financial Services Sales Cloud Risk 64

AIIM

MAY 19, 2020

“It’s 2020,” you might be thinking, “Who needs associations?” For example, the U.S. financial services sector is different in practice than RM for a law firm, or a Canadian municipal government, or a multinational energy firm. Examples in the U.S. For an introvert, I’m a pretty social, member-y kinda guy.

Records Management 171

Records Management Privacy Government Information governance 171

Data Protection Report

JANUARY 6, 2020

2020 could well be a year of data export turmoil – so brace yourself! Data localisation issues are also set to resurface during 2020. For companies whose websites still operate a blatantly non-compliant opt-out cookie consent model in the EU, 2020 is the year to rectify this! Brace yourself (for export turbulence). In the U.S.,

Privacy 85

Privacy GDPR Data breaches Risk 85

Hunton Privacy

MARCH 13, 2019

Over 35 CIPL members attended the full-day roundtable, exchanging views on how the regulatory sandbox should work in practice, discussing the benefits of participation and key questions around appropriate safeguards upon entering and exiting the sandbox, as well as sharing examples of innovative projects where a sandbox may be useful.

Paper 75

Paper Financial Services Personal data IT 75

Thales Cloud Protection & Licensing

JANUARY 26, 2021

The Verizon DBIR 2020 report indicates that financially motivated attacks against retailers have moved away from Point of Sale (POS) devices and controllers, towards web applications. Source: Verizon DBIR 2020. Fraud and scams move to the web. Figure 1: Web application breaches in the Retail industry. Stolen credentials.

Security 144

Security Retail Authentication Big data 144

CGI

JANUARY 7, 2020

Tue, 01/07/2020 - 23:50. A branch manager may know, for example, what is happening with a customer but has no bandwidth to offer the right products instantly. For example, a bank can pull a customer’s property tax bill to determine the value of the customer’s house when considering a lending opportunity.

Analytics 84

Analytics Marketing Compliance Risk 84

Data Protection Report

JANUARY 6, 2020

2020 could well be a year of data export turmoil – so brace yourself! Data localisation issues are also set to resurface during 2020. For companies whose websites still operate a blatantly non-compliant opt-out cookie consent model in the EU, 2020 is the year to rectify this! Brace yourself (for export turbulence). In the U.S.,

Privacy 52

Privacy GDPR Data breaches Risk 52

Info Source

MAY 13, 2020

For example, US decision makers believe RPA will be most valuable for improving the customer experience (40%) and financial planning and decision making (38%). Financial planning & decision-making. Download the State of Process Mining and Robotic Process Automation 2020 global report at [link]. About ABBYY.

Mining 52

Mining Customer Experience Financial Services Insurance 52

Data Protection Report

APRIL 2, 2020

On March 10, 2020, the New York Department of Financial Services (NYDFS) issued guidance to all of its regulated institutions engaged in virtual currency business activity, requiring them to have plans for preparedness to manage the possible operational and financial risks posed by the COVID-19 pandemic.

Risk 59

Risk Communications Authentication Financial Services 59

Thales Cloud Protection & Licensing

NOVEMBER 16, 2020

Tue, 11/17/2020 - 06:44. For example, data sprawl has significantly increased due to all of the new patient data that has been created during the pandemic. According to the report, almost all (97%) of financial services organizations store data in the cloud. COVID-19 accelerates healthcare digitalization. of total budget.

Digital transformation 62

Digital transformation Encryption Cloud Data breaches 62

erwin

APRIL 11, 2019

Some suggest the California Consumer Privacy Act (CCPA), which takes effect January 1, 2020, sets a precedent other states will follow by empowering consumers to set limits on how companies can use their personal information. For example, many retailers have robust, data-driven e-commerce operations that are international.

GDPR 100

GDPR e-Discovery Compliance Metadata 100

Info Source

AUGUST 21, 2020

August 20, 2020 – Kodak Alaris has announced a global alliance with UiPath , one of the world’s leading Robotic Process Automation (RPA) software companies. For example, you could set a threshold for OCR read rates at 90%. © 2020 Kodak Alaris Inc. ROCHESTER, N.Y., TM/MC/MR: Alaris.

Information capture 52

Information capture Digital transformation Paper Artificial Intelligence 52

eSecurity Planet

JANUARY 21, 2021

Archer was named a Leader in Gartner’s 2020 Magic Quadrant for IT risk management and IT vendor risk management tools. Additionally, Forrester named it a Contender in its Q1 2020 GRC Wave. Financial reporting compliance. Plus, Forrester named it a Leader in its Q1 2020 GRC Wave. See our in-depth look at RSA Archer.

Compliance 64

Compliance Risk Government Retail 64

eSecurity Planet

JANUARY 21, 2021

Archer was named a Leader in Gartner’s 2020 Magic Quadrant for IT risk management and IT vendor risk management tools. Additionally, Forrester named it a Contender in its Q1 2020 GRC Wave. Financial reporting compliance. Plus, Forrester named it a Leader in its Q1 2020 GRC Wave. See our in-depth look at RSA Archer.

Compliance 56

Compliance Risk Government Retail 56

The Last Watchdog

MAY 24, 2021

In 2020, it saw 193 billion credential stuffing attacks globally, with 3.4 billion hitting financial services organizations — an increase of more than 45 percent year-over-year in that sector. Meanwhile, threat actors’ siege on web applications surged 62 percent in 2020 vs. 2019: Akamai observed nearly 6.3

Financial Services 178

Financial Services Passwords Data breaches Authentication 178

Data Matters

FEBRUARY 12, 2019

Against this backdrop, and with less than a year before the CCPA goes into effect on January 1, 2020, eyes are now increasingly turning to the California Attorney General (AG). For example, a company might track a user’s web browsing to facilitate online advertisements, but not link the data to a specific consumer.

Sales 74

Sales Privacy Data Privacy Compliance 74

eSecurity Planet

FEBRUARY 16, 2021

Screenshot example. Expanding on what a ransomware attack looks like, here is an example of how Locky would appear on your desktop. Just in 2020, the SolarWinds hack could’ve been prevented for organizations that promptly patch software. Ransomware attacks increased by 130% in 2020 ( Beazley Group ). Zero Trust.

Ransomware 97

Ransomware Encryption Insurance Cloud 97

Data Protection Report

OCTOBER 1, 2019

Although California has recently captured the lion’s share of attention with respect to privacy and security, on October 23, 2019, New York’s amended security breach law goes into effect, and on March 1, 2020, new security safeguards go live (N.Y. New York’s new law contains similar examples of technical and physical safeguards.

Security 40

Security Financial Services Passwords Risk 40

Data Matters

FEBRUARY 25, 2021

On January 28, 2021, the UK Financial Conduct Authority (FCA) published Consultation Paper CP21/3 , “Changes to the SCA-RTS and to the guidance in ‘Payment Services and Electronic Money – Our Approach’ and the Perimeter Guidance Manual” (Consultation Paper). 1 See further our Update of May 4, 2020. 3 At PERG 15.

Authentication 68

Authentication Paper Risk Insurance 68

HL Chronicle of Data Protection

DECEMBER 7, 2018

This blog post provides background on the scope of the exemption and an overview of key considerations for financial institutions developing CCPA compliance programs. The financial services industry is one of the most heavily regulated industries when it comes to protecting the privacy of personal information. Background.

Privacy 40

Privacy Financial Services Compliance Data breaches 40

Data Matters

MAY 21, 2020

Financial institutions should look closely at the red flags provided in the Advisory. For example, instead of a credit card payment, the merchant requires a prepaid card, the use of a money services business, convertible virtual currency or that the buyer send funds via electronic funds transfer to a high-risk jurisdiction.

e-Discovery 68

e-Discovery Government Cybersecurity Financial Services 68

ARMA International

APRIL 18, 2022

Certain sectors, such as banking, financial services, health, and insurance have their own data protection and privacy requirements. Enforcement of the Laws : The enforcement has been primarily focused on consumer or non-financial employee data (e.g., resumes, personnel files, video/call recordings). Bill C-11, Sec.

Personal data 100

Personal data GDPR Privacy Records Management 100

Reltio

APRIL 1, 2020

This post offers a look at the topic of scalability, outlining what the concept means and how it applies to customer data management, with some customer examples. The issue is particularly prevalent in industries like retail and financial services, which can contend with massive spikes in usage based on seasonality and marketing initiatives.

Retail 68

Retail MDM Cloud Customer Experience 68

Hunton Privacy

FEBRUARY 25, 2021

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. For example, Mondelez International Inc. The litigation, Mondelez Intl.

Insurance 70

Insurance Cybersecurity Risk Education 70

Info Source

OCTOBER 6, 2020

6, 2020 – ABBYY , a Digital Intelligence company, announced today that it has partnered with Alteryx, Inc. We see examples in financial services, insurance, transportation and logistics, healthcare and other industries where gaps in insight can have a huge impact on the customer experience. MILPITAS, Calif.,

Analytics 40

Analytics Digital transformation Mining Data science 40

HL Chronicle of Data Protection

OCTOBER 25, 2019

for-profit businesses, but excludes a number of banks, financial services companies, telecoms, and other businesses that are not subject to the jurisdiction of the Federal Trade Commission or Department of Transportation. This covers most U.S. Annual Review. are not sufficient to meet the standards of European law.

Privacy 40

Privacy IT Personal data Financial Services 40

Data Matters

MARCH 23, 2020

On March 5, 2020, the Office of the Comptroller of the Currency (OCC) issued an updated set of answers to frequently asked questions (FAQs) 1 regarding risk management in national bank relationships with third parties to further supplement its 2013 guidance, OCC Bulletin 2013-29 (the Bulletin), 2 and its 2017 FAQs (Prior FAQs) on the topic.

Risk 68

Risk Cloud Compliance Marketing 68

HL Chronicle of Data Protection

MAY 13, 2019

For example, the New York Department of Financial Services (‘NYDFS’) in March 2017 issued its Cybersecurity Regulation (23 NYCRR 500) (‘the NYDFS Cybersecurity Regulation’), a groundbreaking and far-reaching regulatory regime focused on financial institutions licensed in New York, including insurance companies.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

DLA Piper Privacy Matters

JULY 30, 2019

Third-party service provider management is one of the hottest areas of cybersecurity law development. Some states – such as Alabama, Massachusetts and New York (for financial services companies) – prescribe particular requirements of a “reasonable” cybersecurity program.

Data breaches 45

Data breaches Cybersecurity Financial Services Risk 45

Info Source

MARCH 16, 2022

For example, when submitting an insurance claim for a damaged item, inputs will be provided through a variety of channels including eforms, fax, scanned documents, voice, or video. As recently as five years ago, Cloud Capture Services made up less than 7% of the global Capture Software market.

Information capture 59

Information capture Marketing Digital transformation Cloud 59

eSecurity Planet

SEPTEMBER 10, 2021

Leading IaaS and platform as a service (PaaS) vendors like Amazon Web Services (AWS) and Microsoft Azure provide documentation to their customers so all parties understand where specific responsibilities lie according to different types of deployment. Deploy an identity and access management solution.

Cloud 129

Cloud Security Encryption Risk 129

Info Source

MARCH 16, 2022

For example, when submitting an insurance claim for a damaged item, inputs will be provided through a variety of channels including eforms, fax, scanned documents, voice, or video. As recently as five years ago, Cloud Capture Services made up less than 7% of the global Capture Software market.

Information capture 52

Information capture Marketing Digital transformation Cloud 52

Data Matters

AUGUST 5, 2019

Furthermore, although entities that already comply with the breach notification requirements under certain state or federal laws (such as the Health Insurance Portability and Accountability Act (HIPAA), the New York Department of Financial Services cybersecurity regulations (23 N.Y.C.R.R.

Cybersecurity 68

Cybersecurity Data breaches Privacy Risk 68